Analyst Note
| Seth Goldstein, CFA |CF Industries reported strong second-quarter results. Adjusted EBITDA more than tripled year over year, driven by peak nitrogen fertilizer prices. The results were in line with our outlook for the year.
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CF Industries reported strong second-quarter results. Adjusted EBITDA more than tripled year over year, driven by peak nitrogen fertilizer prices. The results were in line with our outlook for the year.
CF Industries is a leading producer and distributor of nitrogen fertilizers. The company operates seven nitrogen facilities in North America and holds joint venture interests in further production capacity in the United Kingdom and Trinidad and Tobago. CF makes nitrogen primarily using low-cost U.S. natural gas as its feedstock, making CF one of the lowest-cost nitrogen producers globally. The company is also investing in carbon-free blue and green ammonia, which can be used an alternative fuel to hydrogen or as a means to transport hydrogen.