CF Industries Holdings, Inc., a leading global manufacturer of hydrogen and nitrogen products, reported its financial results for the first half of 2025. The company achieved net earnings of $698 million, or $4.20 per diluted share, marking an increase from the $614 million, or $3.31 per diluted share, reported in the first half of 2024. EBITDA for the first half of 2025 was $1.37 billion, with an adjusted EBITDA of $1.41 billion, compared to $1.24 billion and $1.21 billion, respectively, in the same period of the previous year. Net sales for the first half of 2025 reached $3.55 billion, up from $3.04 billion in the first half of 2024. The increase in net sales was attributed to higher average selling prices, driven by elevated global energy costs, and increased sales volumes, particularly in urea ammonium nitrate solution $(UAN)$ and ammonia supply, due to improved production capabilities. For the second quarter of 2025, CF Industries reported net earnings of $386 million, or $2.37 per diluted share, with EBITDA of $757 million and adjusted EBITDA of $761 million. The company also repurchased 2.8 million shares for $202 million during this period. Looking ahead, the company continues to monitor global energy cost trends and production capabilities to align with market demands.
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