CF Industries

Track record is disciplined: CF completed the 1.675 billion dollar Waggaman ammonia acquisition in 2023, integrating it into the network with additional ammonia sales and optional CCS.

The company returned 1.9 billion dollars to shareholders in 2024 and executed large buybacks in 2025, completing a 3 billion dollar authorization and initiating a new 2 billion dollar program through 2029. Dividend remains steady at 0.50 dollars per quarter.

Growth capex is focused on high‑return decarbonization (45Q and low‑carbon premiums) and Blue Point, where partners fund their shares. The approach balances reinvestment, resilient growth, and meaningful per‑share compounding.