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: 2026-09-03 (items 5.02); 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).
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.