CF INDUSTRIES HOLDINGS, INC.
boothcheck covers CF INDUSTRIES HOLDINGS, INC. (CF) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• Nitrogen is a spread business and CF sits on the cheap side of it, earning a 35.4% operating margin over the trailing year while the closest listed nitrogen pure-play, CVR Partners (UAN), earned 23.6%. • The single input that sets the cost base is the one nobody controls: over the three years to December 2025 the daily Henry Hub price ranged from 1.23 dollars per MMBtu to 12.97 dollars per MMBtu, and a colder, tighter gas market compresses the spread before a single ton of demand disappears.
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884 institutional managers reported holding CF in 13F filings for the quarter ended 2026-03-31. 189 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 10.5M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CF has cut its share count 28.4% over the past five years, spending $5.39B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $2.00 a share annually. Cash returned over the past three years: $921.00M in dividends and $3.30B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CF over the trailing three years. Absence is a fact about the company, not a signal. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CF's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -0.1% | -0.4% |
| 2023-11-03 | +0.7% | -0.5% |
| 2024-02-23 | -0.3% | -0.5% |
| 2024-05-03 | -6.5% | -5.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CF's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-08-05 (items 2.02, 9.01); 2026-05-06 (items 2.02, 9.01); 2026-05-06 (items 2.02, 9.01); 2026-05-05 (items 5.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.