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CF Industries forecasts an ammonia output of 9.5 million tons for 2026, impacted by the Yazoo City Complex remaining offline until at least Q4 2026. The company reported approximately $2.9 billion in adjusted EBITDA for 2025, attributed to high operational performance.

Management expects significant free cash flow and positive industry trends while progressing towards Blue Point JV milestones. They acknowledge impairment charges for Yazoo City and the Donaldsonville electrolyzer, and anticipate business interruption insurance to cover most Yazoo City-related costs. Risks include CBAM, supply constraints, and policy uncertainty, yet management maintains a positive outlook.