Filing Flows › CF Industries Holdings (CF) › Q2 2026
CF Industries Holdings (CF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
CF Industries Holdings (CF) reported revenue of $2.2B for the second quarter 2026 (Q2 2026), +18% from a year earlier and +12% from the quarter before. Operating margin was 50.5%, net earnings $727M (32.7% of revenue).
CF Industries Holdings, Q2 2026: revenue $2.2B (+18% year over year), operating margin 50.5%, net earnings $727M, operating cash flow $878M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +12% | +18% |
| Gross profit | $1.1B | +53% | +52% |
| Operating profit | $1.1B | +30% | +73% |
| Net earnings | $727M | +18% | +88% |
| Operating cash flow | $878M | +77% | +56% |
| Free cash flow | $607M | +122% | +91% |
What changed
Revenue was $2.2B in Q2 2026, up 18% year over year and up 12% from the previous quarter. Granular Urea was the largest line at 34% of revenue. Granular Urea added $0.21B year over year (up 39%), 64% of the total change. AN declined 39%.
Gross margin was 51.5%, up 11.6 points from Q2 2025. Operating profit was $1.1B, a 50.5% margin (up 16.2 points year over year). Of the extra revenue versus Q2 2025, 142% reached operating profit, above the 34% margin then. Operating expenses fell 78% while revenue rose 18%. Net earnings were $0.73B, up 88% year over year. The effective tax rate was 20.5%.
Operating cash flow was $0.88B (up 56% year over year), 101% of net income including minority interests. Non-cash charges added back $0.21B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.27B left free cash flow of $0.61B.
Questions
What was CF Industries Holdings' revenue in the second quarter 2026?
CF Industries Holdings (CF) reported revenue of $2.2B for the second quarter 2026 (Q2 2026), +18% from a year earlier and +12% from the quarter before.
Was CF Industries Holdings profitable in the second quarter 2026?
Operating profit was $1.1B (50.5% of revenue) and net earnings $727M.