Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 24

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 24
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Three months ended June 30, 2024Net sales$409 $457 $475 $98 $133 $1,572 Cost of sales262 230 259 75 67 893 Gross margin$147 $227 $216 $23 $66 $679 Gross margin percentage35.9 %49.7 %45.5 %23.5 %49.6 %43.2 %Six months ended June 30, 2025Net sales$1,011 $986 $1,080 $218 $258 $3,553 Cost of sales689 534 668 177 158 2,226 Gross margin$322 $452 $412 $41 $100 $1,327 Gross margin percentage31.8 %45.8 %38.1 %18.8 %38.8 %37.3 %Six months ended June 30, 2024Net sales$811 $864 $900 $212 $255 $3,042 Cost of sales599 483 541 180 151 1,954 Gross margin$212 $381 $359 $32 $104 $1,088 Gross margin percentage26.1 %44.1 %39.9 %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.

34

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. 202420