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

Environmental, Health & Safety Performance

The following company facilities achieved safety milestones during the third quarter of 2012:
  • The Donaldsonville, Louisiana, Nitrogen Complex achieved 6 million hours (nearly 10 years) worked without a lost time accident;
  • The Verdigris, Oklahoma, Nitrogen Complex’s designation as a Voluntary Protection Program Star worksite was recertified by the U.S. Occupational Safety & Health Administration; and
  • The Medicine Hat, Alberta, Nitrogen Complex was recognized as a Silver Award Winner by Canadian Occupational Safety at the annual Canada’s Safest Employers Awards.

Liquidity and Financial Position

At September 30, 2012, CF Industries’ cash and cash equivalents totaled $2.2 billion. Long-term debt outstanding was $1.6 billion.

Dividend Payment

On October 19, 2012, CF Industries’ board of directors declared the regular quarterly dividend of $0.40 per common share. The dividend will be paid on November 29, 2012, to stockholders of record as of November 16, 2012.


CF Industries is positioned to benefit from a number of factors that support its growth and cash generation potential. Global population growth, a shift toward higher protein diets, and continued use of crops as a source of renewable fuels all are generating a need for more grain and higher use of plant nutrients. Additionally, the increased production of North American shale gas and the associated decline in natural gas prices have created a sustainable cost advantage for the company’s nitrogen production.

After the devastating summer drought, weather patterns in the U.S. Corn Belt have been favorable for fall harvest activity, and the corn harvest is approximately four weeks ahead of normal and nearly complete. Recent rainfall has lessened soil moisture concerns in some parts of the affected areas and the company expects that farmers will take advantage of these conditions to complete fall field preparation work in anticipation of significant acres to be planted in 2013. Fall ammonia application began in earnest last week and, weather permitting, a strong fall season is anticipated.

6 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


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs