This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CF Industries Holdings, Inc. Reports Record Third Quarter Earnings

CF Industries sold 3.0 million tons of ammonia, granular urea, urea ammonium nitrate solutions (UAN), ammonium nitrate (AN) and other nitrogen products during the third quarter of 2012, down about three percent compared to the volume sold in 2011.

In the third quarter of 2012, the company sold 416,000 tons of ammonia at an average price of $622 per ton, compared to 403,000 tons at an average price of $552 in the third quarter of 2011. The three percent increase in volume resulted from strong winter wheat application and customers’ desire to secure inventory given the tight ammonia supply in North America. The tight supply resulted in a 13 percent increase in the average price. The company’s ammonia plants in aggregate operated at approximately 99 percent of rated capacity during the quarter.

CF Industries sold 559,000 tons of granular urea at an average price of $470 in the third quarter of 2012, compared to 701,000 tons at an average price of $425 in the third quarter of 2011.

Granular urea volume decreased by 20 percent as third quarter 2011 shipments were exceptionally strong due to higher beginning inventory, higher production rates and higher export sales as compared to the third quarter 2012. Average urea price realizations increased 11 percent year over year due to the pattern of the company’s order flow.

The company sold 1.6 million tons of UAN in the third quarter of 2012, up three percent from the third quarter of 2011. UAN average realized prices were $296 per ton, compared to $319 in the year-ago quarter. Sales volume increased as distributors and dealers replenished inventories in anticipation of strong nitrogen demand to support the high corn plantings projected for next spring. The average price decreased seven percent due to increased UAN imports into the U.S. compared to the prior year period.

4 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs