Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 123

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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million, which is reflected in U.K. operations restructuring in our consolidated statement of operations for the six months ended June 30, 2025. See Note 6—Property, Plant and Equipment—Net for additional information on the sale of our Ince facility.

Integration costs 

In the three and six months ended June 30, 2024, we incurred integration costs of $1 million and $4 million, respectively, related to our December 1, 2023 acquisition of an ammonia production facility located in Waggaman, Louisiana. We did not incur integration costs in 2025.

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

Consolidated Results of Operations

The following table presents our consolidated results of operations and certain supplemental data for the three and six months ended June 30, 2025 and 2024: 

 Three Months Ended June 30,Six Months Ended June 30,202520242025 v. 2024202520242025 v. 2024 (dollars in millions, except per share and per MMBtu amounts)Net sales $1,890 $1,572 $318 20 %$3,553 $3,042 $511 17 %Cost of sales (COS)1,135 893 242 27 %2,226 1,954 272 14 %Gross margin755 679 76 11 %1,327 1,088 239 22 %Gross margin percentage39.9 %43.2 %(3.3)%37.3 %35.8 %1.5 %Selling, general and administrative expenses101 76 25 33 %185 164 21 13 %U.K. operations restructuring— — — — %23 — 23 N/MIntegration costs— 1 (1)(100)%— 4 (4)(100)%Other operating—net8 (39)47 N/M22 (22)44 N/MTotal other operating costs and expenses109 38 71 187 %230 146 84 58 %Equity in earnings (losses) of operating affiliate2 (3)5 N/M6 (1)7 N/MOperating earnings648 638 10 2 %1,103 941 162