Company: CF
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001324404-25-000030
Chunk: 110

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 of granular urea and UAN sold by CFN to us and CHS pursuant to supply agreements, less a formula driven amount based primarily on the cost of natural gas used to produce the granular urea and UAN, and adjusted for the allocation of items such as operational efficiencies and overhead amounts.

14.   Stockholders’ Equity 

Common Stock Our Board of Directors (the Board) has authorized certain programs to repurchase shares of our common stock. These programs have generally permitted repurchases to be made from time to time in the open market, through privately-negotiated transactions, through block transactions, through accelerated share repurchase programs or otherwise. The manner, timing and amount of repurchases will be determined by our management based on the evaluation of market conditions, stock price and other factors.On November 2, 2022, the Board authorized the repurchase of up to $3 billion of CF Holdings common stock, which is effective through December 31, 2025 (the 2022 Share Repurchase Program). On May 6, 2025, the Board authorized the repurchase of up to $2 billion of CF Holdings common stock commencing upon the completion of the 2022 Share Repurchase Program and effective through December 31, 2029 (the 2025 Share Repurchase Program). In October 2025, we completed the 2022 Share Repurchase Program and commenced repurchases under the 2025 Share Repurchase Program.  

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

The following table summarizes the share repurchases under the 2022 Share Repurchase Program through September 30, 2025. SharesAmounts(1)(in millions)Shares repurchased in 20235.6 $425 Shares repurchased in 2024:First quarter4.3 347 Second quarter4.0 305 Third quarter6.1 476 Fourth quarter4.4 385 Total shares repurchased in 202418.8 1,513 Shares repurchased in 2025:First quarter5.4 434 Second quarter2.8 202 Third quarter4.3 364 Total shares repurchased in 202512.5 1,000 Shares repurchased as of September 30, 202536.9 $2,938 ______________________________________________________________________________(1)As defined in the 2022 Share Repurchase Program, amounts reflect the price