CF Industries sales up 3% in Q1 2017
Date:05-08-2017
CF Industries Holdings, Inc., recently announced a first quarter 2017 net loss attributable to common stockholders of $23 million, or $0.10 per diluted share, and adjusted net earnings of $11 million, or $0.05 per diluted share. First quarter 2017 EBITDA was $218 million, and adjusted EBITDA was $272 million.
These results compare to first quarter 2016 net earnings attributable to common stockholders of $26 million, or $0.11 per diluted share; adjusted net earnings for the first quarter 2016 of $100 million, or $0.43 per diluted share; EBITDA of $207 million; and adjusted EBITDA of $300 million. First quarter 2017 results include a realized gain on natural gas hedges of $1 million, compared to a realized loss on natural gas hedges of $56 million for the first quarter of 2016.
"Outstanding execution by our team across the CF system delivered company record sales and production volumes in the first quarter, and we increased cash on our balance sheet as a result," said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. "This high level of performance, paired with our enduring structural and operational advantages, positions us well for the rest of 2017 and the industry recovery we expect to begin in 2018."
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