Company: CF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001324404-25-000015
Chunk: 11

Company: CF Industries Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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 %Diluted weighted-average common shares outstanding168.8 188.1 (19.3)(10)%Dividends declared per common share$0.50 $0.50 $— — %Natural gas supplemental data (per MMBtu)Natural gas costs in cost of sales(1) $3.69 $2.73 $0.96 35 %Realized derivatives (gain) loss in cost of sales(2)(0.01)0.46 (0.47)N/MCost of natural gas used for production in cost of sales$3.68 $3.19 $0.49 15 %Average daily market price of natural gas at the Henry Hub$4.28 $2.43 $1.85 76 %Unrealized net mark-to-market loss (gain) on natural gas derivatives$2 $(33)$35 N/MDepreciation and amortization$221 $253 $(32)(13)%Capital expenditures $132 $98 $34 35 %Sales volume by product tons (000s)5,004 4,524 480 11 %Production volume by product tons (000s):Ammonia(3) 2,617 2,148 469 22 %Granular urea1,110 959 151 16 %UAN (32%)(4)1,856 1,631 225 14 %AN322 341 (19)(6)%___________________________________________________________________________

N/M—Not Meaningful

(1)Includes the cost of natural gas used for production and related transportation that is included in cost of sales during the period under the first-in, first-out inventory cost method. 

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

(2)Includes realized gains and losses on natural gas derivatives settled during the period. Excludes unrealized mark-to-market gains and losses on natural gas derivatives.

(3)Gross ammonia production, including amounts subsequently upgraded on-site into granular urea, UAN, or AN.

(4)UAN product tons assume a 32% nitrogen content basis for production volume.

First Quarter of 2025 Compared to First Quarter of 2024

Net Sales

Our total net sales increased $193 million, or 13%, to $1.66 billion in the first three months of 202