Subtext

CF Industries Holdings, Inc. CF

SectorMaterials
Transcripts65
Date range2009-04-24 – 2025-05-08
Calls charted65

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-13-7+0+7+132009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · Overall: +2.72009 Q2 · Overall: +2.52009 Q3 · Overall: +5.02009 Q4 · Overall: +2.82010 Q1 · Overall: +4.82010 Q2 · Overall: +4.22010 Q3 · Overall: +7.12010 Q4 · Overall: +6.02011 Q1 · Overall: +7.32011 Q2 · Overall: +5.52011 Q3 · Overall: +6.42011 Q4 · Overall: +7.12012 Q1 · Overall: +3.22012 Q2 · Overall: +1.42012 Q3 · Overall: +5.82012 Q4 · Overall: +5.62013 Q1 · Overall: +3.82013 Q2 · Overall: +2.82013 Q3 · Overall: +0.82013 Q4 · Overall: +1.52014 Q1 · Overall: +1.52014 Q2 · Overall: +1.32014 Q3 · Overall: -1.92014 Q4 · Overall: +1.92015 Q1 · Overall: +11.22015 Q2 · Overall: +6.62015 Q3 · Overall: +6.82015 Q4 · Overall: -2.02016 Q1 · Overall: -1.32016 Q2 · Overall: -1.02016 Q3 · Overall: +1.82016 Q4 · Overall: -0.72017 Q1 · Overall: -1.02017 Q2 · Overall: +1.62017 Q3 · Overall: +3.92017 Q4 · Overall: +0.02018 Q1 · Overall: -5.42018 Q2 · Overall: +4.92018 Q3 · Overall: +1.72018 Q4 · Overall: +0.72019 Q1 · Overall: -4.42019 Q2 · Overall: +2.52019 Q3 · Overall: +4.52019 Q4 · Overall: +6.72020 Q1 · Overall: -0.12020 Q2 · Overall: +4.52020 Q3 · Overall: +7.42020 Q4 · Overall: +0.12021 Q1 · Overall: +1.02021 Q2 · Overall: +11.52021 Q3 · Overall: +4.12021 Q4 · Overall: +6.22022 Q1 · Overall: +2.52022 Q2 · Overall: +0.12022 Q3 · Overall: +0.42022 Q4 · Overall: +3.22023 Q1 · Overall: +2.52023 Q2 · Overall: +6.22023 Q3 · Overall: +6.42023 Q4 · Overall: +4.22024 Q1 · Overall: -9.22024 Q2 · Overall: +2.92024 Q3 · Overall: +2.32024 Q4 · Overall: +2.82025 Q1 · Overall: +3.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-21-11+0+11+212009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · CEO: +10.42009 Q2 · CEO: +5.52009 Q3 · CEO: +8.82009 Q4 · CEO: +6.02010 Q1 · CEO: +12.42010 Q2 · CEO: +10.52010 Q3 · CEO: +12.82010 Q4 · CEO: +12.92011 Q1 · CEO: +12.22011 Q2 · CEO: +9.82011 Q3 · CEO: +11.62011 Q4 · CEO: +15.72012 Q1 · CEO: +12.42012 Q2 · CEO: +8.22012 Q3 · CEO: +13.32012 Q4 · CEO: +9.62013 Q1 · CEO: +17.82013 Q2 · CEO: +11.02013 Q3 · CEO: +3.42013 Q4 · CEO: +7.12014 Q1 · CEO: +11.42014 Q2 · CEO: +1.32014 Q3 · CEO: +2.02016 Q2 · CEO: -0.82016 Q3 · CEO: +3.52016 Q4 · CEO: +3.52017 Q1 · CEO: +5.42017 Q2 · CEO: -1.22017 Q3 · CEO: +7.12017 Q4 · CEO: +5.12018 Q1 · CEO: +0.32018 Q2 · CEO: +6.52018 Q3 · CEO: +7.92018 Q4 · CEO: +5.02019 Q1 · CEO: -1.32019 Q2 · CEO: +5.82019 Q3 · CEO: +9.92019 Q4 · CEO: +13.92020 Q1 · CEO: +4.42020 Q2 · CEO: +8.12020 Q3 · CEO: +13.52020 Q4 · CEO: +3.32021 Q1 · CEO: +1.32021 Q2 · CEO: +18.72021 Q3 · CEO: +6.02021 Q4 · CEO: +6.12022 Q1 · CEO: +6.32022 Q2 · CEO: +1.72022 Q3 · CEO: +9.42022 Q4 · CEO: +11.32023 Q1 · CEO: +12.82023 Q2 · CEO: +14.42023 Q3 · CEO: +15.22023 Q4 · CEO: +7.12024 Q1 · CEO: -18.42024 Q2 · CEO: +8.92024 Q3 · CEO: +9.92024 Q4 · CEO: +5.02025 Q1 · CEO: +7.12009 Q1 · CFO: +1.12009 Q2 · CFO: +5.12009 Q3 · CFO: +7.82009 Q4 · CFO: +7.52010 Q1 · CFO: +2.32010 Q2 · CFO: +5.12011 Q1 · CFO: +12.82011 Q3 · CFO: +10.42011 Q4 · CFO: +4.92012 Q1 · CFO: +15.22012 Q2 · CFO: +8.42012 Q3 · CFO: +12.72012 Q4 · CFO: +3.52013 Q1 · CFO: +15.62013 Q2 · CFO: +6.52013 Q3 · CFO: +1.52013 Q4 · CFO: +4.22014 Q1 · CFO: -0.82014 Q2 · CFO: +4.82014 Q3 · CFO: -8.72016 Q2 · CFO: -8.92016 Q3 · CFO: -5.52016 Q4 · CFO: -3.42017 Q1 · CFO: -3.52017 Q2 · CFO: -4.92017 Q3 · CFO: +3.52017 Q4 · CFO: -3.82018 Q1 · CFO: +0.02018 Q2 · CFO: +3.62018 Q3 · CFO: +3.12018 Q4 · CFO: +7.42019 Q1 · CFO: -2.82019 Q2 · CFO: +5.82019 Q3 · CFO: +13.02019 Q4 · CFO: +16.32020 Q1 · CFO: -3.42020 Q2 · CFO: +0.02020 Q3 · CFO: +14.82020 Q4 · CFO: +8.62021 Q1 · CFO: +4.92021 Q2 · CFO: +6.42021 Q3 · CFO: +9.82021 Q4 · CFO: +11.92022 Q1 · CFO: +7.12022 Q2 · CFO: +10.42022 Q3 · CFO: +12.12022 Q4 · CFO: +1.42023 Q1 · CFO: +0.02023 Q2 · CFO: +0.02023 Q3 · CFO: +5.02024 Q2 · CFO: -3.52024 Q3 · CFO: +8.82024 Q4 · CFO: +0.02025 Q1 · CFO: +1.7
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-34-17+0+17+342009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · Prepared remarks: +7.22009 Q2 · Prepared remarks: +5.02009 Q3 · Prepared remarks: +9.42009 Q4 · Prepared remarks: +9.52010 Q1 · Prepared remarks: +13.82010 Q2 · Prepared remarks: +8.82010 Q3 · Prepared remarks: +15.72010 Q4 · Prepared remarks: +12.92011 Q1 · Prepared remarks: +15.32011 Q2 · Prepared remarks: +11.52011 Q3 · Prepared remarks: +11.42011 Q4 · Prepared remarks: +15.42012 Q1 · Prepared remarks: +22.22012 Q2 · Prepared remarks: +11.82012 Q3 · Prepared remarks: +14.82012 Q4 · Prepared remarks: +9.42013 Q1 · Prepared remarks: +17.72013 Q2 · Prepared remarks: +9.62013 Q3 · Prepared remarks: -0.82013 Q4 · Prepared remarks: +6.92014 Q1 · Prepared remarks: +8.52014 Q2 · Prepared remarks: +9.82014 Q3 · Prepared remarks: +1.22014 Q4 · Prepared remarks: +7.42015 Q1 · Prepared remarks: +18.12015 Q2 · Prepared remarks: +14.42015 Q3 · Prepared remarks: +4.12015 Q4 · Prepared remarks: -5.12016 Q1 · Prepared remarks: -1.12016 Q2 · Prepared remarks: -0.32016 Q3 · Prepared remarks: +1.42016 Q4 · Prepared remarks: -3.12017 Q1 · Prepared remarks: +2.22017 Q2 · Prepared remarks: -1.02017 Q3 · Prepared remarks: +6.62017 Q4 · Prepared remarks: +2.02018 Q1 · Prepared remarks: -0.62018 Q2 · Prepared remarks: +11.82018 Q3 · Prepared remarks: +6.62018 Q4 · Prepared remarks: +15.42019 Q1 · Prepared remarks: +0.52019 Q2 · Prepared remarks: +13.42019 Q3 · Prepared remarks: +20.82019 Q4 · Prepared remarks: +18.02020 Q1 · Prepared remarks: +9.32020 Q2 · Prepared remarks: +10.32020 Q3 · Prepared remarks: +21.62020 Q4 · Prepared remarks: +9.82021 Q1 · Prepared remarks: +5.72021 Q2 · Prepared remarks: +11.72021 Q3 · Prepared remarks: +13.02021 Q4 · Prepared remarks: +10.12022 Q1 · Prepared remarks: +8.22022 Q2 · Prepared remarks: +8.92022 Q3 · Prepared remarks: +10.62022 Q4 · Prepared remarks: +3.02023 Q1 · Prepared remarks: +5.72023 Q2 · Prepared remarks: +12.72023 Q3 · Prepared remarks: +10.82023 Q4 · Prepared remarks: +4.02024 Q1 · Prepared remarks: -29.42024 Q2 · Prepared remarks: +5.82024 Q3 · Prepared remarks: +13.32024 Q4 · Prepared remarks: +10.02025 Q1 · Prepared remarks: +5.72009 Q1 · Q&A responses: +3.82009 Q2 · Q&A responses: +4.22009 Q3 · Q&A responses: +5.82009 Q4 · Q&A responses: +2.12010 Q1 · Q&A responses: +0.52010 Q2 · Q&A responses: +7.82010 Q3 · Q&A responses: +8.92010 Q4 · Q&A responses: +8.72011 Q1 · Q&A responses: +8.92011 Q2 · Q&A responses: +7.42011 Q3 · Q&A responses: +8.52011 Q4 · Q&A responses: +5.22012 Q1 · Q&A responses: -2.32012 Q2 · Q&A responses: +1.02012 Q3 · Q&A responses: +5.42012 Q4 · Q&A responses: +8.22013 Q1 · Q&A responses: +3.12013 Q2 · Q&A responses: +4.12013 Q3 · Q&A responses: +4.92013 Q4 · Q&A responses: +2.12014 Q1 · Q&A responses: +3.02014 Q2 · Q&A responses: +1.22014 Q3 · Q&A responses: -2.62014 Q4 · Q&A responses: +3.02015 Q1 · Q&A responses: +13.72015 Q2 · Q&A responses: +6.52015 Q3 · Q&A responses: +9.92015 Q4 · Q&A responses: +1.32016 Q1 · Q&A responses: -0.22016 Q2 · Q&A responses: -0.22016 Q3 · Q&A responses: +4.22016 Q4 · Q&A responses: +3.02017 Q1 · Q&A responses: -0.52017 Q2 · Q&A responses: +4.22017 Q3 · Q&A responses: +7.02017 Q4 · Q&A responses: +0.92018 Q1 · Q&A responses: -1.82018 Q2 · Q&A responses: +7.02018 Q3 · Q&A responses: +4.02018 Q4 · Q&A responses: -0.32019 Q1 · Q&A responses: -3.02019 Q2 · Q&A responses: +0.82019 Q3 · Q&A responses: +3.12019 Q4 · Q&A responses: +6.42020 Q1 · Q&A responses: -1.62020 Q2 · Q&A responses: +4.92020 Q3 · Q&A responses: +6.12020 Q4 · Q&A responses: -0.72021 Q1 · Q&A responses: +4.02021 Q2 · Q&A responses: +15.62021 Q3 · Q&A responses: +4.22021 Q4 · Q&A responses: +7.32022 Q1 · Q&A responses: +2.62022 Q2 · Q&A responses: +0.62022 Q3 · Q&A responses: +0.52022 Q4 · Q&A responses: +6.22023 Q1 · Q&A responses: +5.92023 Q2 · Q&A responses: +8.32023 Q3 · Q&A responses: +8.92023 Q4 · Q&A responses: +7.32024 Q1 · Q&A responses: -5.82024 Q2 · Q&A responses: +4.82024 Q3 · Q&A responses: +4.52024 Q4 · Q&A responses: +2.62025 Q1 · Q&A responses: +4.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-1.29$7.89$17.062009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42014 Q1: $4.002014 Q2: $4.052014 Q3: $4.122014 Q4: $4.162015 Q1: $4.672015 Q2: $4.852015 Q3: $4.882015 Q4: $4.452016 Q1: $2.952016 Q2: $2.172016 Q3: $1.142016 Q4: $0.512017 Q1: $0.472017 Q2: $0.262017 Q3: $-0.032017 Q4: $0.302018 Q1: $1.192018 Q2: $1.382018 Q3: $1.892018 Q4: $2.722019 Q1: $2.542019 Q2: $2.342019 Q3: $2.822019 Q4: $2.612020 Q1: $2.032020 Q2: $1.582020 Q3: $1.612020 Q4: $1.352021 Q1: $2.172021 Q2: $3.292021 Q3: $4.402021 Q4: $9.472022 Q1: $13.012022 Q2: $15.792022 Q3: $14.412022 Q4: $14.222023 Q1: $10.322023 Q2: $8.102023 Q3: $7.162023 Q4: $6.752024 Q1: $6.182024 Q2: $5.532024 Q3: $5.92

Forward P/E

-9.52101.77213.062009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42014 Q1: 12.622014 Q2: 12.032014 Q3: 12.442014 Q4: 12.342015 Q1: 12.612015 Q2: 13.062015 Q3: 11.212015 Q4: 9.312016 Q1: 11.572016 Q2: 12.792016 Q3: 21.172016 Q4: 55.122017 Q1: 62.042017 Q2: 105.272017 Q3: 197.712017 Q4: 137.532018 Q1: 33.952018 Q2: 32.112018 Q3: 28.112018 Q4: 15.412019 Q1: 16.962019 Q2: 19.862019 Q3: 17.982019 Q4: 17.832020 Q1: 10.412020 Q2: 19.072020 Q3: 20.712020 Q4: 27.992021 Q1: 23.032021 Q2: 15.922021 Q3: 11.002021 Q4: 6.712022 Q1: 6.782022 Q2: 5.832022 Q3: 7.152022 Q4: 6.542023 Q1: 7.022023 Q2: 8.382023 Q3: 11.302023 Q4: 11.292024 Q1: 13.702024 Q2: 13.312024 Q3: 13.77

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -3.1 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -4.6 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↑ +2.8 fwd EPS ↓ -1.03 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↑ +2.6 fwd EPS ↓ -0.21 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↑ +2.3 fwd EPS ↓ -0.29 Tone rose while the forward EPS estimate was cut.
  • 2017 Q4 tone ↓ -3.9 fwd EPS ↑ +0.33 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -5.4 fwd EPS ↑ +0.89 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -3.2 fwd EPS ↑ +0.51 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↑ +6.9 fwd EPS ↓ -0.20 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↑ +2.1 fwd EPS ↓ -0.21 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +4.7 fwd EPS ↓ -0.44 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -7.4 fwd EPS ↑ +1.11 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -3.7 fwd EPS ↑ +3.54 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.4 fwd EPS ↑ +2.79 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +2.8 fwd EPS ↓ -0.19 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↑ +3.7 fwd EPS ↓ -2.22 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↑ +12.1 fwd EPS ↓ -0.66 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-08+3.5——View →
2024 Q42025-02-20+2.8——View →
2024 Q32024-10-31+2.3$5.9213.8View →
2024 Q22024-08-08+2.9$5.5313.3View →
2024 Q12024-05-02-9.2$6.1813.7View →
2023 Q42024-02-15+4.2$6.7511.3View →
2023 Q32023-11-02+6.4$7.1611.3View →
2023 Q22023-08-03+6.2$8.108.4View →