Company: CF
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001324404-25-000030
Chunk: 81

Company: CF Industries Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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  September 30,Nine months ended  September 30, 2025202420252024 (in millions)UANNet sales$517 $406 $1,597 $1,306 Cost of sales:Natural gas, including the impact of realized derivatives(1)69 54 264 176 Unrealized net mark-to-market (gain) loss on natural gas derivatives(1)1 — (9)Depreciation and amortization(2)60 69 205 206 Distribution and storage(3)13 15 51 47 Freight(4)36 33 107 106 Other segment items(5)110 100 328 287 Total cost of sales287 272 955 813 Gross margin$230 $134 $642 $493 ANNet sales$122 $106 $340 $318 Cost of sales:Natural gas, including the impact of realized derivatives(1)10 9 34 25 Unrealized net mark-to-market gain on natural gas derivatives— — — (1)Depreciation and amortization(2)10 10 28 30 Distribution and storage(3)— 1 — 1 Freight(4)8 7 24 21 Other segment items(5)63 55 182 186 Total cost of sales91 82 268 262 Gross margin$31 $24 $72 $56 Other(6)Net sales$140 $117 $398 $372 Cost of sales:Natural gas, including the impact of realized derivatives(1)12 8 39 27 Unrealized net mark-to-market gain on natural gas derivatives— — — (2)Depreciation and amortization(2)17 15 47 48 Distribution and storage(3)1 — 3 1 Freight(4)17 15 47 44 Other segment items(5)43 36 112 107 Total cost of sales90 74 248 225 Gross margin$50 $43 $150 $147 

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Table of ContentsCF INDUSTRIES HOLDINGS, INC. 

Three months ended  September 30,Nine months ended  September 30, 2025202420252024 (in millions