CF · 8-K · 20260805PR091275
Capital Expenditure Program
CF Industries Holdings, Inc. · 2026-08-05 · Importance 68 · Surprise 42 · No source text
CF-funded capital expenditures are expected to be approximately $950 million in 2026, excluding capital expenditures associated with rebuilding the Yazoo City Complex. Approximately $400 million of the 2026 CF-funded capital program relates to Blue Point. First-half 2026 consolidated capital expenditures were $494 million, including $408 million funded by CF and $86 million funded by JERA and Mitsui. CF initiated a front-end engineering and engineering design study for a DEF capacity expansion at the Courtright Complex.
Key facts
- CF estimated contribution to Blue Point: $1.5B + $550M common facilities source
- CF-funded capital expenditures expected to be ~$950 million, of which ~$400 million related to Blue Point source
- Depreciation and amortization 1H 2026: $443 million and Q2 2026: $215 million source
- Capital expenditures 1H 2026: $494 million and Q2 2026: $271 million source
- Blue Point One JV capex total in 1H 2026: ~$143M, of which 40% attributable to CF representing ~$57M source
- Excludes the capital expenditures associated with the Yazoo City rebuild source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -19.9% | Depreciation and amortization 1H 2026: $443 million and Q2 2026: $215 million |
| operating_income | negative | realized | -9.7% | Depreciation and amortization 1H 2026: $443 million and Q2 2026: $215 million |
| cash | negative | committed | — | CF estimated contribution to Blue Point: $1.5B + $550M common facilities |
| assets | positive | committed | — | CF estimated contribution to Blue Point: $1.5B + $550M common facilities |
| cash | negative | committed | — | CF-funded capital expenditures expected to be ~$950 million, of which ~$400 million related to Blue Point |
| assets | positive | committed | — | CF-funded capital expenditures expected to be ~$950 million, of which ~$400 million related to Blue Point |
| cash | negative | realized | — | Capital expenditures 1H 2026: $494 million and Q2 2026: $271 million |
| assets | positive | realized | — | Capital expenditures 1H 2026: $494 million and Q2 2026: $271 million |
| cash | negative | realized | — | Capital expenditures 1H 2026: $494 million and Q2 2026: $271 million |
| assets | positive | realized | — | Capital expenditures 1H 2026: $494 million and Q2 2026: $271 million |