CF at a glance
CF Industries (CF, SEC CIK 1324404) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 3, 2026 and Form 4 insider filings as recently as May 28, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), CF Industries (CF) reported revenue of $7.1 billion (up 19.3% from FY2024) and net income of $1.5 billion. Diluted EPS was $8.97.
- As of June 30, 2026, 37 institutional investment managers tracked by SignalX reported holding CF Industries (CF) shares worth $8.5 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $7.1B
- +19.3% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 37 funds
- $8.5B · −1 vs prior quarter
- Latest 8-K
- Sep 3, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- World's largest ammonia producer; sells ammonia and derivatives (urea, UAN, AN) primarily as fertilizer, with growing low-carbon ammonia segment
- Blue Point JV formed April 2025 with JERA (35%) and Mitsui (25%); $3.7B ATR facility targeting 1.4M metric ton annual capacity, production starting 2029
- Donaldsonville CCS project completed July 2025 for ~$200M; enables up to 1.9M tons/yr low-carbon ammonia and 2M metric tons CO₂ sequestration annually
- Net sales jumped to $7.08B in 2025 vs $5.94B in 2024 on 19.1M tons sold; gross margin expanded to $2.72B from $2.06B
- Yazoo City AN facility idled November 2025 after incident in upgrade area; production not expected to resume until Q4 2026 at earliest
Risk Factors
- "One Big Beautiful Bill Act" (July 2025) modified carbon sequestration tax credits and limited clean hydrogen production tax credit duration, threatening CF's low-carbon ammonia project economics
- Louisiana imposed indefinite moratorium on new Class VI underground injection well applications (Oct 2025), directly blocking CO₂ sequestration permits critical to Blue Point low-carbon ammonia complex
- Donaldsonville complex ~40% of total ammonia production capacity: single-site concentration in Gulf Coast hurricane zone creates outsized operational disruption risk
- EU CBAM effective Jan 1, 2026 requires certificate purchases in 2027 for nitrogen fertilizer imports, disrupting trade flows and low-carbon ammonia investment returns
- $3.25B total debt (~29% of total capitalization), all unsecured senior notes maturing 2034–2044, with $750M revolving credit facility undrawn but leveraged against volatile commodity earnings
Management Discussion & Analysis
- Revenue $7.08B, up $1.15B (+19%) YoY; avg selling price $372/ton vs $313/ton driven by strong global demand and geopolitical supply disruptions
- Gross margin 38.5% vs 34.6%; operating earnings $2.30B vs $1.75B; net earnings attributable to common stockholders $1.46B vs $1.22B (+19%); EPS $8.97 vs $6.74
- Best segment: Granular Urea gross margin 47.0% vs 42.1%; worst: AN gross margin 18.8% vs 18.9%, with Yazoo City incident idling production through at least Q4 2026
- Capex $950M vs $518M; buybacks $1.37B (16.6M shares); dividends $326M; operating cash flow $2.75B vs $2.27B; issued $1B 2035 Notes, redeemed $750M 2026 Notes
- 2026 capex guidance ~$1.3B ($550M existing ops + $600M Blue Point JV + $150M infrastructure); key risks: Henry Hub avg $6.32/MMBtu Jan–Feb 2026, tariff uncertainty, Yazoo City outage reducing 2026 ammonia production to ~9.5M tons
AI summary of the CF 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Chief Accounting Officer Richard A. Hoker plans to retire effective March 3, 2027
- Planned departure creates a succession need for CF Industries’ finance and financial-reporting functions
Item 2.02: Results of Operations and Financial Condition
- CF Industries will discuss Q2 2026 results for the quarter ended June 30, 2026
- Conference call scheduled for August 6, 2026, using Exhibit 99.1 presentation
Item EX-99.1: Item EX-99.1
- Q2 2026 net sales $2.22B and adjusted EBITDA $1.19B, up from $1.89B and $761M in Q2 2025
- Q2 net earnings $727M, or $4.73 diluted EPS, versus $386M and $2.37 a year earlier
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026 released August 5, 2026
- Full financial results and management commentary contained in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- First-half net earnings $1.34B, or $8.71 per diluted share, versus $698M and $4.20 in 2025
- Net sales rose to $4.21B from $3.55B, while volumes fell 11%, highlighting strong pricing power amid constrained nitrogen supply
AI summaries of CF 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CF
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Scribner Andrew | A | May 26, 2026 | 6,464 | - |
| Williams Trevor Leigh | A | Apr 28, 2026 | 4,184 | - |
| TOELLE MICHAEL | A | Apr 28, 2026 | 1,390 | - |
| White Celso L. | A | Apr 28, 2026 | 1,390 | - |
| Noonan Anne P | A | Apr 28, 2026 | 2,208 | - |
| Ellerbusch Susan A | A | Apr 28, 2026 | 1,390 | - |
| Madrazo Yris Jesus | A | Apr 28, 2026 | 1,390 | - |
| ARZBAECHER ROBERT C | A | Apr 28, 2026 | 1,390 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $5.9B | $7.1B |
| Gross Profit | - | $2.1B | $2.7B |
| Operating Income | - | $1.7B | $2.3B |
| Net Income | - | $1.2B | $1.5B |
| Gross Margin | - | 34.6% | 38.5% |
| Op. Margin | - | 29.4% | 32.5% |
| Net Margin | - | 20.5% | 20.5% |
| Balance Sheet | |||
| Total Assets | $14.4B | $13.5B | $14.1B |
| Equity | - | $5.0B | $4.8B |
| ROE | - | 24.4% | 30.1% |
| Per Share | |||
| EPS | - | $6.74 | $8.97 |
| Cash Flow | |||
| Operating CF | - | $2.3B | $2.8B |
| CapEx | $499.0M | $518.0M | $950.0M |
Source: XBRL data in CF Industries (CF)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CF share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 37 | $8.48B |
| Q1 2026 | 38 | $10.21B |
| Q4 2025 | 36 | $6.35B |
| Q3 2025 | 38 | $7.66B |
| Q2 2025 | 34 | $7.96B |
| Q1 2025 | 31 | $5.35B |
| Q4 2024 | 28 | $4.89B |
| Q3 2024 | 24 | $2.33B |
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- Soros Fund Management−57.8K
- Marex Group plc−20.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 266 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CF filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 3, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 4 | May 28, 2026 | - | - | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 8-K | May 4, 2026 | - | Analysis | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| SC 13G | Apr 29, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Mar 19, 2026 | - | - | - |
| 4 | Mar 19, 2026 | - | - | - |
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CF SEC filings: frequently asked questions
Which institutions hold CF stock?
As of June 30, 2026, the largest CF Industries (CF) holders among the 13F filers tracked by SignalX were BlackRock ($1.4 billion), Vanguard Capital Management LLC ($1.1 billion), Vanguard Portfolio Management LLC ($923.8 million), State Street Corp ($923.6 million), T. Rowe Price Group ($917.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CF's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), CF Industries (CF) reported revenue of $7.1 billion (up 19.3% from FY2024) and net income of $1.5 billion. Diluted EPS was $8.97. The figures come from the XBRL data in the 10-K.
What are the main risks in CF's latest 10-K?
In the 10-K filed February 25, 2026, CF Industries (CF) flagged: "One Big Beautiful Bill Act" (July 2025) modified carbon sequestration tax credits and limited clean hydrogen production tax credit duration, threatening CF's low-carbon ammonia project economics. Louisiana imposed indefinite moratorium on new Class VI underground injection well applications (Oct 2025), directly blocking CO₂ sequestration permits critical to Blue Point low-carbon ammonia complex. (AI summary of the Risk Factors section.)
What did CF report in its latest 8-K?
CF Industries (CF) filed an 8-K on September 3, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Chief Accounting Officer Richard A. Hoker plans to retire effective March 3, 2027.
What are the latest CF SEC filings?
CF Industries (CF) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 3, 2026 and a Form 4 insider filing on May 28, 2026.
What is CF's SEC CIK number?
CF Industries (CF)'s SEC Central Index Key (CIK) is 1324404. EDGAR lists every CF filing under that number.
Ask anything about CF
The research agent reads CF's filings, financials, insider trades and 13F holders, then answers with sources.