CF Industries Projects 9.5M Tons Ammonia Output in 2026 Amid Yazoo City Complex Recovery
CF Industries expects to produce approximately 9.5 million tons of ammonia in 2026, with the Yazoo City Complex offline until at least Q4 2026. The company generated around $2.9 billion in adjusted EBITDA for 2025, aided by strong operational performance. Management anticipates free cash flow and positive industry dynamics, while addressing challenges such as impairment charges and ongoing risks related to CBAM, supply constraints, and policy uncertainty.
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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.
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