Filing Flows › CF Industries Holdings (CF) › Q3 2026
CF Industries Holdings (CF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
CF Industries Holdings (CF) reported revenue of $1.9B for the third quarter 2026 (Q3 2026), +12% from a year earlier and -16% from the quarter before. Operating margin was 37.7%, net earnings $436M (23.4% of revenue).
CF Industries Holdings, Q3 2026: revenue $1.9B (+12% year over year), operating margin 37.7%, net earnings $436M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -16% | +12% |
| Gross profit | $720M | -37% | +14% |
| Operating profit | $701M | -37% | +21% |
| Net earnings | $436M | -40% | +24% |
| Operating cash flow | $1.2B | +33% | +10% |
| Free cash flow | $888M | +46% | +24% |
What changed
Revenue was $1.9B in Q3 2026, up 12% year over year and down 16% from the previous quarter. UAN was the largest line at 34% of revenue. UAN added $0.12B year over year (up 24%), 61% of the total change. AN declined 45%.
Gross margin was 38.7%, up 0.6 points from Q3 2025. Operating profit was $0.70B, a 37.7% margin (up 2.7 points year over year). Of the extra revenue versus Q3 2025, 60% reached operating profit, above the 35% margin then. Operating expenses fell 63% while revenue rose 12%. Net earnings were $0.44B, up 24% year over year. The effective tax rate was 16.0%.
Operating cash flow was $1.2B (up 10% year over year), 225% of net income including minority interests. Non-cash charges added back $0.23B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.41B. Capital expenditures of $0.28B left free cash flow of $0.89B.
Questions
What was CF Industries Holdings' revenue in the third quarter 2026?
CF Industries Holdings (CF) reported revenue of $1.9B for the third quarter 2026 (Q3 2026), +12% from a year earlier and -16% from the quarter before.
Was CF Industries Holdings profitable in the third quarter 2026?
Operating profit was $701M (37.7% of revenue) and net earnings $436M.