CF Industries Holdings Inc., Deerfield, Ill., on Dec. 9 announced that it is boosting company guidance for full-year adjusted EBITDA to $2.65-$2.85 billion from earlier estimates of $2.2-$2.4 billion.
CF said it was basing the upgrade on preliminary data through the end of November 2021 and its assessment of continued strong global nitrogen market conditions that have supported higher-than-expected realized pricing for products sold on an index basis.
In addition, CF projects higher-than-expected sales volumes through year-end, driven primarily by favorable weather that has enabled the strongest fall ammonia application season in North America over the last decade.