CF Industries' second quarter revenue of $2.22B and EPS of $4.73 missed expectations despite higher selling prices.

CF Industries reported second quarter 2026 net sales of $2.22 billion and diluted EPS of $4.73, missing analyst estimates. Despite the miss, results improved significantly year-over-year, driven by higher average selling prices across all segments which more than offset a 15% decline in sales volumes.

Key Highlights

• Second quarter revenue increased 17.6% year-over-year to $2.22 billion, fueled by higher nitrogen selling prices amid tight global supply.
• Diluted EPS nearly doubled to $4.73 from $2.37 in the prior year's quarter, while adjusted EBITDA grew to $1.19 billion from $761 million.
• The company repurchased 2.0 million shares for $230 million and declared a 20% increase in its quarterly dividend to $0.60 per share.