CF Industries Reports First Quarter 2016 Results
By: Corporate Communications
May 4, 2016
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CF Industries Holdings, Inc. (NYSE: CF), the global leader in nitrogen fertilizer manufacturing and distribution, today announced results for its first quarter ended March 31, 2016.
First Quarter Highlights
- EBITDA of $207 million; adjusted EBITDA of $300 million
- Net earnings of $26 million or $0.11 per diluted share; adjusted net earnings of $95 million or adjusted net earnings per diluted share of $0.40
- New Donaldsonville UAN plant began production in March, having produced approximately 95,000 tons through the end of the quarter
- Commencement of the CHS strategic venture on February 1, 2016: $2.8 billion in cash received; CHS took delivery of over 273,000 tons under the supply agreement through the end of the quarter
- New record urea production of 819,000 tons