Company: CF
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001324404-25-000030
Chunk: 141

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 141
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150 $1,959 Gross margin percentage29.3 %47.2 %40.2 %21.2 %37.7 %37.6 %Nine months ended September 30, 2024Net sales$1,164 $1,252 $1,306 $318 $372 $4,412 Cost of sales869 711 813 262 225 2,880 Gross margin$295 $541 $493 $56 $147 $1,532 Gross margin percentage25.3 %43.2 %37.7 %17.6 %39.5 %34.7 %_______________________________________________________________________________

(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.

35

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 September 30,Nine Months Ended September 30, 202520242025 v. 2024202520242025 v. 2024 (dollars in millions, except per ton amounts)Net sales$457 $353 $104 29 %$1,468 $1,164 $304 26 %Cost of sales349 270 79 29 %1,038 869 169 19 %Gross margin$108 $83 $25 30 %$430 $295 $135 46 %Gross margin percentage23.6 %23.5 %0.1 %29.3 %25.3 %4.0 %Sales volume by product tons (000s)1,092 948 144 15 %3,325 2,845 480