CF · 10-Q · 2026Q2 · Full report
Capital Return Program
CF Industries Holdings, Inc. · 2026-08-06 · Importance 71 · Surprise 82 · In source text
The 2025 Share Repurchase Program authorizes up to $2 billion of common-stock repurchases through December 31, 2029, following completion of the prior $3 billion program in October 2025. CF Industries repurchased 2.2 million shares for $245 million in the first six months of 2026, compared with 8.2 million shares for $636 million in the first six months of 2025. Cash paid for repurchases was $253 million in the first half of 2026 versus $660 million in the prior-year period. The Board raised the quarterly dividend to $0.60 per share from $0.50, payable August 31, 2026 to shareholders of record August 14, 2026.
Key facts
- In the first six months of 2026, we paid $253 million for share repurchases compared to $660 million in the first six months of 2025. source
- The Board authorized a repurchase of up to $3 billion of common stock on November 2, 2022 effective through December 31, 2025 (2022 Share Repurchase Program) and on May 6, 2025 authorized the repurchase of up to $2 billion commencing upon completion of the 2022 program and effective through December 31, 2029 (2025 Share Repurchase Program). source
- On July 8, 2026, the Board declared a quarterly dividend of $0.60 per common share, representing an increase from the quarterly dividend of $0.50 per common share that was declared and paid in the second quarter of 2026. source
- In the first six months of 2026, dividends paid on common stock were $155 million compared to $167 million in the first six months of 2025. source
- The dividend will be paid on August 31, 2026 to stockholders of record as of August 14, 2026. source
- Diluted weighted-average common shares outstanding were 153.9 million for Q2 2026, a decrease of 6% from 163.1 million for Q2 2025. source
- In the six months ended June 30, 2026, we repurchased approximately 2.2 million shares under the 2025 Share Repurchase Program for $245 million, of which $5 million was accrued and unpaid as of June 30, 2026. source
- Dividends declared per common share were $0.50 for the three months ended June 30, 2026 and $1.00 for the six months ended June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -11.3% | The Board authorized a repurchase of up to $3 billion of common stock on November 2, 2022 effective through December 31, 2025 (2022 Share… |
| cash | positive | realized | +0.1% | In the first six months of 2026, dividends paid on common stock were $155 million compared to $167 million in the first six months of 2025. |
| liability | negative | committed | — | On July 8, 2026, the Board declared a quarterly dividend of $0.60 per common share, representing an increase from the quarterly dividend… |
| cash | negative | committed | — | The dividend will be paid on August 31, 2026 to stockholders of record as of August 14, 2026. |