CF Industries shares fall 6.10% intraday after missing Q2 profit estimates due to higher costs.

Cf Industries Holdings, Inc. dropped 6.10% intraday, with the company missing estimates for second-quarter profit due to higher costs, which weighed on the fertilizer firm. The company's quarterly cost of sales was up about 27% at $1.14 billion from a year earlier on higher natural gas costs, which were up 77% at $3.36 per million British thermal units. U.S. natural gas prices, a key feedstock for nitrogen fertilizers, rose in the second quarter as power demand spiked on the back of energy-hungry data centers, escalating production costs for fertilizer producers.