Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  CF Industries Holdings, Inc.    CF

News SummaryMost relevantAll newsSector news 

CF Industries Holdings, Inc. : CF Industries 1Q Net Up 31% As Revenue Rises

share with twitter share with LinkedIn share with facebook
share via e-mail
05/04/2012 | 12:12am CET

--CF Industries profit climbs 31%

--Results helped by warm winter that accelerated fertilizer use, depressed natural gas costs

--Results beat Wall Street expectations

(Updates with detail, share price.)

   By Ian Berry and Nathalie Tadena 

CF Industries Holdings Inc.'s (CF) first-quarter earnings rose 31% on an unusually warm winter that drove down natural gas prices and prompted earlier-than-usual fertilizer applications.

The nitrogen fertilizer producer reported increased volumes and prices for ammonia and urea, beating analyst expectations as high crop prices continued to drive farmers to plant more acres, keeping fertilizer supplies tight.

CF noted an exceptionally mild winter and early spring weather created favorable field conditions in the latest period. The company added that preplant nutrient application that has been well ahead of normal schedules contributed to an increase in demand for ammonia and urea as the quarter progressed.

The suburban Chicago company, along with its peers, has benefited from rising corn prices and a widespread farm sector boom, resulting in a surge in its profits lately. The company's revenue has been strengthening over the past two years, helped by higher phosphate selling prices and growing demand.

CF's acquisition of rival Terra Industries Inc. in 2010 turned the company into the largest North American nitrogen fertilizer business and improved its regional production footprint in key geographic locations in the U.S. and Canada. Its U.S. focus has also given it easy access to cheap natural gas thanks to the shale gas boom in the U.S.

The company's natural gas cost fell 19% versus a year ago. CF said the warm winter weather resulted in the second-fewest heating degree days in the past 80 years and an all-time high in natural gas inventory at the end of winter.

However, CF also reported a $55.9 million mark-to-market loss on natural gas derivatives.

The company said Thursday high expected corn planting, tight nitrogen supply and favorable natural gas prices provide a positive environment for 2012. Analysts are expecting high crop prices will continue to drive more planted acreage in South America this fall.

CF reported a profit of $368.4 million, or $5.54 a share, up from $282 million, or $3.91 a share, a year earlier.

Revenue rose 30% to $1.53 billion, due to higher sales volume and nitrogen product prices.

Analysts polled by Thomson Reuters expected a profit of $4.83 a share and revenue of $1.24 billion.

Gross margin widened to 46.6% from 44.7%.

Total sales volume increased to 3.7 million tons from 3.3 million tons a year earlier.

Shares were up 0.2% to $197.95 in recent after hours trading. The stock is up 36% since the start of the year.

-By Ian Berry and Nathalie Tadena, Dow Jones Newswires; 312-750-4072; ian.berry@dowjones.com; nathalie.tadena@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
11/23 CF INDUSTRIES : Announces Completion of Debt Capital Structure Changes
11/22 CF INDUSTRIES HOLDINGS, INC. : Entry into a Material Definitive Agreement, Creat..
11/21 CF INDUSTRIES : Announces Completion of Debt Capital Structure Changes
11/16 CF INDUSTRIES :  Inc. (CF) Files An 8-K Regulation FD Disclosure
11/14 CF INDUSTRIES HOLDINGS, INC. : Regulation FD Disclosure, Financial Statements an..
11/14 CF INDUSTRIES : to Participate in Upcoming Investor Conference
11/11 CF INDUSTRIES HOLDINGS, INC. : to Participate in Upcoming Investor Conference
11/10 CF INDUSTRIES HOLDINGS, INC. : Other Events, Financial Statements and Exhibits (..
11/10 CF INDUSTRIES : Announces Pricing of $1,250,000,000 Senior Secured Notes Offerin..
11/10 CF INDUSTRIES HOLDINGS, INC. : ex-dividend day
More news
Sector news : Fertilizer
11/25DJSYNGENTA : China Plans 'Strict Controls' to Curb Capital Flight
11/23DJPOTASH OF SASKATCHEWAN : Corp. Plans Job, Output Cuts
11/17 SYNGENTA : EU delays ChemChina-Syngenta merger decision to March 29
11/13DJMOSAIC : Florida Sinkhole Heightens Concerns About Fertilizer Industry
11/09 Trump stand on AT&T/Time Warner not indicative of M&A policy - analysts
More sector news : Fertilizer
News from SeekingAlpha
12/07 RENTECH : Heads You Win, Tails You Win A Lot
12/06 CF IS UP 30% SINCE MY JULY RECOMMEND : Buy, Hold, Or Sell?
11/30 200% Gain To Be Had For Investors With Patience
11/28 Getting Ahead Of The Year-End Window Dressing Curve
11/22 CF Industries downgraded at RBC following two-day run-up
Financials ($)
Sales 2016 3 706 M
EBIT 2016 408 M
Net income 2016 74,4 M
Debt 2016 4 227 M
Yield 2016 3,88%
P/E ratio 2016 91,30
P/E ratio 2017 48,47
EV / Sales 2016 3,09x
EV / Sales 2017 2,55x
Capitalization 7 215 M
More Financials
Duration : Period :
CF Industries Holdings, In Technical Analysis Chart | CF | US1252691001 | 4-Traders
Full-screen chart
Technical analysis trends CF INDUSTRIES HOL...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 19
Average target price 27,2 $
Spread / Average Target -12%
Consensus details
EPS Revisions
More Estimates Revisions
W. Anthony Will President, Chief Executive Officer & Director
Stephen A. Furbacher Independent Non-Executive Chairman
Dennis P. Kelleher Chief Financial Officer & Senior Vice President
Tom Grooms Chief Information Officer & Vice President
William Davisson Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MOSAIC CO13.88%11 004
URALKALIY PAO--.--%9 343
OCI-38.38%3 142
More Results