CF · 10-Q · 2026Q2 · Full report
Capital Expenditure Program
CF Industries Holdings, Inc. · 2026-08-06 · Importance 88 · Surprise 74 · From source text
Capital expenditures increased $117 million, or 31%, to $494 million in the first six months of 2026 from $377 million in the prior-year period. The 2026 spending included $143 million for the Blue Point One joint venture and $59 million for Blue Point Common Facilities. Full-year 2026 capital expenditures are expected to total approximately $1.3 billion, including $550 million for existing operations, $600 million for Blue Point One, and $150 million for Common Facilities. The consolidated Blue Point One spending is partly funded by $360 million of partner contributions representing the partners’ 60% ownership interest.
Key facts
- We currently anticipate consolidated capital expenditures for full year 2026 to be approximately $1.3 billion, consisting of approximately $550 million for existing operations and approximately $600 million representing the Blue Point One joint venture’s planned capital expenditures related to construction of the low-carbon ATR ammonia production facility. source
- We estimate that the cost of the low-carbon ATR ammonia production facility with CCS technologies will be approximately $3.7 billion. source
- We plan to invest approximately $550 million to build scalable Common Facilities at our Blue Point complex to supply the ammonia production facility with services including product storage and vessel loading. source
- We anticipate our 2026 capital spending will include approximately $150 million related to our construction of the Common Facilities at the Blue Point complex. source
- We plan to invest approximately $550 million to build the Common Facilities at the Blue Point complex to supply the ammonia production facility with services including product storage and vessel loading. source
- The company recorded Blue Point One joint venture development costs not eligible for capitalization of $7 million in Q2 2026 and $9 million in the six months ended June 30, 2026 compared to $2 million in both the three and six months ended June 30, 2025. source
- Capital expenditures totaled $494 million in the first six months of 2026 compared to $377 million in the first six months of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | +12.3% | We estimate that the cost of the low-carbon ATR ammonia production facility with CCS technologies will be approximately $3.7 billion. |
| assets | positive | probable | +4.3% | We currently anticipate consolidated capital expenditures for full year 2026 to be approximately $1.3 billion, consisting of approximately… |
| assets | positive | probable | +1.8% | We plan to invest approximately $550 million to build the Common Facilities at the Blue Point complex to supply the ammonia production… |
| cash | negative | probable | -1.8% | We plan to invest approximately $550 million to build the Common Facilities at the Blue Point complex to supply the ammonia production… |
| cash | negative | committed | -0.8% | We anticipate our 2026 capital spending will include approximately $150 million related to our construction of the Common Facilities at… |
| assets | positive | committed | +0.8% | We anticipate our 2026 capital spending will include approximately $150 million related to our construction of the Common Facilities at… |
| cash | negative | realized | -0.8% | Capital expenditures totaled $494 million in the first six months of 2026 compared to $377 million in the first six months of 2025. |
| operating_income | negative | realized | -0.3% | The company recorded Blue Point One joint venture development costs not eligible for capitalization of $7 million in Q2 2026 and $9… |