CF Industries Holdings Inc. (CF) shares faced a loss of 6.56% in after-hours on Thursday, July 1, 2021, and closed the day at $48.98. Earlier, CF’s stock gained 1.89% to close Thursday’s normal session at $52.42 per share. CF shares have risen 83.67% over the last 12 months, and they have moved up 3.17% in the past week. Over the past three months, the stock has gained 14.18%, while over the past six months, it has declined 38.06%.
CF Industries Holdings filed Petition
On June 30, 2021, CF Industries Holdings, Inc filed petitions with the U.S. Department of Commerce and the U.S. International Trade Commission requesting the initiation of antidumping and countervailing duty investigations on imports of urea ammonium nitrate solutions from Russia and Trinidad and Tobago.
CF Industries is facing severe challenges due to dumped and unfairly subsidized UAN imports from Russia and Trinidad, as it is the largest producer of UAN in the United States.
Participation in the recent investor conferences
CF Industries Holdings, Inc recently participated in Stifel 2021 Virtual Cross Sector Insight Conference which held on Wednesday, June 9, 2021.
The company also took part in Bernstein’s 37th Annual Strategic Decisions Conference which held on Wednesday, June 2, 2021.
The company also participated in 3 conferences held in May 2021.
BMO ESG Crop Input Producer Panel which held on Wednesday, May 20, 2021;
BMO 16th Annual Farm to Market Conference which held on Tuesday, May 19, 2021; and
Goldman Sachs Industrials & Materials Conference 2021 which held on Tuesday, May 11, 2021.
Recent financial results announcement
On May 5, 2021, CF Industries Holdings, Inc released its financial results for its first quarter ended March 31, 2021.
Q1 2021 financial highlights
- Net sales were $1.05 billion in Q1 2021 compared to $971 million in Q1 2020.
- The company reported net earnings of $151 million or $0.70 per diluted share in Q1 2021 compared to $68 million or $0.31 per diluted share in Q1 2020.
- Gross profit was $289 million in Q1 2021 compared to $204 million in Q1 2020.
- Adjusted EBITDA was $398 million in Q1 2021 compared to $394 million in Q1 2020.
Quarterly Dividend declaration
On April 28, 2021, the Board of Directors of CF Industries Holdings announced a $0.30 per share dividend on its common stock. The dividend will be payable on May 28, 2021, to stockholders of record as of May 17, 2021.
Engineering and Procurement Contract with thyssenkrupp
On April 21, 2021, CF Industries Holdings, Inc signed an engineering and procurement contract with thyssenkrupp for the Company’s green ammonia project at its Donaldsonville, Louisiana, manufacturing complex.
According to the agreement, CF Industries to supply a 20 megawatt (MW) alkaline water electrolysis plant to produce green hydrogen.
The construction is expected to begin in the second half of 2021 and finish in 2023.
CF Industries are facing some difficulties and that’s why it filed a recent petition which we have discussed above. The outcome of the petition would be very important for the future of the CF.