CF Industries reports record 1st-quarter earnings - KTIV News 4 Sioux City IA: News, Weather and Sports

CF Industries reports record 1st-quarter earnings


CF Industries has reported record earnings for the first-quarter of 2013.

Net income for the Illinois-based fertilizer maker climbed to $406-million, or $6.47 a share. That's compared to the $368-million, or $5.54 a share in 2012.

CF says the expectation for the planting of a large corn crop, and favorable natural gas prices, combined to help the company reach record profits.

CF, which is one of the largest producers of nitrogen fertilizer, operates a plant at Port Neal, near Salix, Iowa. That plant uses natural gas and steam to extract hydrogen, and combine it with nitrogen from the air.

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