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CF Industries CF Q1 2026 earnings

Reported May 6, 2026 · After market close

Revenue$2.0BBeat by $147.3MDiluted EPS$2.89Beat by $0.26
Revenue estimate$1.8B
EPS estimate$2.63

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$2.5B
EPS estimate$5.71

Financials

Q1 2026

Income statement

See full
Revenue$2.0B+19.4%
Gross profit$746.0M+30.4%
Operating income$863.0M+89.7%
Net income$676.0M+92.6%
EPS (diluted)$3.98+115%

Balance sheet

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Cash & equivalents$2.0B+45.2%
Total debt$3.6B+9.8%
Total equity$5.3B+11.8%
Total assets$14.6B+9.8%

Cash flow

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Operating cash flow$496.0M-15.4%
CapEx$223.0M+68.9%
Free cash flow$273.0M-39.9%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$17.98B+53.3%
Enterprise value$19.56B+44.5%
P/E8.5×+1.1×
P/S2.4×+0.5×

Profitability

See full
Gross margin39.1%+2.9pp
Operating margin36.6%+5.6pp
Net margin28.7%+2.7pp
FCF margin21.9%-8.5pp

Returns & leverage

See full
Return on equity41.9%+10.8pp
Debt / equity0.7×0.0×
Current ratio3.5×+0.9×

Segments

By segment

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Ammonia$627.0M+20.6%
Granular Urea$590.0M+34.4%
UAN$583.0M+24.0%
Other$128.0M-3.8%
AN$58.0M-42.6%

Versus estimates

Revenue

Q1 2026$2.0BBeat by $147.3M
Q4 2025$1.9BBeat by $89.0MQ3 2025$1.7BMiss by $9.1MQ2 2025$1.9BBeat by $86.3MQ1 2025$1.7BBeat by $121.9MQ4 2024$1.5BBeat by $22.2M

Diluted EPS

Q1 2026$2.89Beat by $0.26
Q4 2025$2.99Beat by $0.56Q3 2025$2.19Beat by $0.03Q2 2025$2.37Miss by $0.13Q1 2025$1.85Beat by $0.37Q4 2024$1.89Beat by $0.35

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Questions, answered.

When did CF Industries report Q1 2026 earnings?
CF Industries (CF) reported Q1 2026 earnings on May 6, 2026 after market close.
What were CF Industries's Q1 2026 revenue and EPS?
CF Industries reported revenue of $2.0B and diluted EPS of $2.89 for Q1 2026.
Did CF Industries beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.8B by $147.3M. EPS beat the consensus estimate of $2.63 by $0.26.
How did CF Industries's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.4% from $1.7B a year earlier and diluted EPS grew 56.2% from $1.85.
Where can I find CF Industries's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-055000) and the 10-Q periodic report (0001324404-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.