CF Industries' Steady Production and Higher Net Income Boost Long-Term Value Proposition

CF Industries reported Q3 2025 results with sales of $1.66 bln and net income of $353 mln, both higher than the same period last year. The company's gross ammonia production remained steady in the quarter, with total output for the nine months rising to 7.6 million tons from 7.2 million tons a year earlier. The strong earnings support the investment narrative but don't materially change the near-term catalysts or address the biggest risk of new global capacity pressuring future margins.