Company: CF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001324404-25-000024
Chunk: 107

Company: CF Industries Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 impact of realized derivatives(1)91 45 195 122 Unrealized net mark-to-market loss (gain) on natural gas derivatives— — 1 (10)Depreciation and amortization(2)72 68 145 137 Distribution and storage(3)25 18 38 32 Freight(4)35 38 71 73 Other segment items(5)117 90 218 187 Total cost of sales340 259 668 541 Gross margin$270 $216 $412 $359 ANNet sales$117 $98 $218 $212 Cost of sales:Natural gas, including the impact of realized derivatives(1)14 5 24 16 Unrealized net mark-to-market gain on natural gas derivatives— — — (1)Depreciation and amortization(2)10 7 18 20 Freight(4)9 6 16 14 Other segment items(5)59 57 119 131 Total cost of sales92 75 177 180 Gross margin$25 $23 $41 $32 Other(6)Net sales$125 $133 $258 $255 Cost of sales:Natural gas, including the impact of realized derivatives(1)12 8 27 19 Unrealized net mark-to-market gain on natural gas derivatives— (1)— (2)Depreciation and amortization(2)17 13 30 33 Distribution and storage(3)2 1 2 1 Freight(4)14 15 30 29 Other segment items(5)35 31 69 71 Total cost of sales80 67 158 151 Gross margin$45 $66 $100 $104 

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

Three months ended  June 30,Six months ended  June 30, 2025202420252024 (in millions)ConsolidatedNet sales$1,890 $1,572 $3,553 $3,042 Cost of sales:Natural gas, including the impact of realized derivatives(1)308 166 642 427 Unrealized net mark-to-market (gain) loss on natural gas derivatives—