--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20240215-cf-industries-suffers-fall-in-fourth-quarter-profits/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # CF Industries suffers fall in fourth-quarter profits Publication Date: 2024-02-15T17:00:53-05:00 Last Updated: 2024-02-19T02:37:39-05:00 Author: Editors (https://www.fertilizerdaily.com/author/fertilizereditors/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Urea, also known as carbamide, is an organic compound with the chemical formula .](https://www.fertilizerdaily.com/wp-content/uploads/2024/02/urea-also-known-as-carbamide-is-an-organic-compound-with-the-chemical-formula-stockpack-istock-scaled-e1708013969127.jpg) CF Industries reported that its fourth-quarter profits fell by 68% year on year as a result of lower fertilizer prices. CF Industries’ fourth-quarter profits decreased by 68% year on year, according to a press release issued by the fertilizer producer on Wednesday. The company reported that its net earnings in the final three months of last year fell to $274mn, or $1.44 per share, which was down from $860 million, or $4.35 per share, in 2022. CF Industries also said that net sales in Q4 2023 fell to $1.57bn, down from $2.61bn in Q4 2022. It attributed the results to a drop in the price of nitrogen fertilizer, which hit record highs in 2022 following Russia’s invasion of Ukraine and the ensuing market disruptions. CF Industries nonetheless expressed optimism over the year ahead, saying that it expects nitrogen demand in North America for the spring application season to remain strong. Tags: [CF Industries](https://www.fertilizerdaily.com/tag/cf-industries/), [nitrogen fertilizer](https://www.fertilizerdaily.com/tag/nitrogen-fertilizer/), [profits](https://www.fertilizerdaily.com/tag/profits/), [Q4 2023](https://www.fertilizerdaily.com/tag/q4-2023/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.