Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 134

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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15.1 %40.8 %35.8 %_______________________________________________________________________________

(1)The cost of ammonia and other products that are upgraded in the production of Granular Urea, UAN, AN and Other products is transferred at cost into the results of those products.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

Ammonia Segment

Our Ammonia segment produces anhydrous ammonia (ammonia), which is the base product that we manufacture, containing 82% nitrogen and 18% hydrogen. The results of our Ammonia segment consist of sales of ammonia to external customers for its nitrogen content as a fertilizer, in emissions control and in other industrial applications. In addition, we upgrade ammonia into other nitrogen products such as granular urea, UAN and AN. 

The following table presents summary operating data for our Ammonia segment:

 Three Months Ended June 30,Six Months Ended June 30, 202520242025 v. 2024202520242025 v. 2024 (dollars in millions, except per ton amounts)Net sales$491 $409 $82 20 %$1,011 $811 $200 25 %Cost of sales355 262 93 35 %689 599 90 15 %Gross margin$136 $147 $(11)(7)%$322 $212 $110 52 %Gross margin percentage27.7 %35.9 %(8.2)%31.8 %26.1 %5.7 %Sales volume by product tons (000s)1,087 979 108 11 %2,233 1,897 336 18 %Sales volume by nutrient tons (000s)(1)891 802 89 11 %1,831 1,555 276 18 %Average selling price per product ton$452 $418 $34 8 %$453 $428 $25 6 %Average selling price per nutrient ton(1)$551 $510 $41 8 %$552 $522 $30 6 %Gross margin per product ton$125 $150 $(25)(17)%$144 $112 $32 29 %Gross margin per nutrient ton(1)$153 $183 $(30)(