CF Industries Holdings, Inc. (CF) CEO Tony Will on Q2 2022 Results - Earnings Call Transcript

CF Industries Holdings, Inc. (NYSE:CF) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET

Company Participants

Martin Jarosick - Investor Relations

Tony Will - President & Chief Executive Officer

Bert Frost - Senior Vice President, Sales, Market Development & Supply Chain

Chris Bohn - Chief Financial Officer

Conference Call Participants

Joel Jackson - BMO

Adam Samuelson - Goldman Sachs

Lucas Beaumont - Citigroup

Stephen Byrne - Bank of America Securities

P.J. Juvekar - Citi

Chris Parkinson - Mizuho

Jeff Zekauskas - JPMorgan

Michael Piken - Cleveland Research

Ben Isaacson - Scotiabank

Andrew Wong - RBC Capital Markets

Vincent Andrews - Morgan Stanley

John Roberts - Credit Suisse

Ben Theurer - Barclays

Operator

Good day, ladies and gentlemen, and welcome to the CF Industries' 2022 First Half and Second quarter Financial Results. My name is Gary. I will be your coordinator for today. At this time, all participants are in a listen-only mode. We will facilitate a question-and-answer session towards the end of the presentation. [Operator Instructions]

I would now like to turn the presentation to the -- over to the host for today, Mr. Martin Jarosick with CF Investor Relations. Sir, please proceed.

Martin Jarosick

Good morning and thanks for joining the CF Industries' earnings conference call. with me today are Tony Will, CEO; Chris Bohn, CFO; and Bert Frost, Senior Vice President of Sales, Market Development, and Supply Chain.

CF Industries reported its results for the first half of 2022 yesterday afternoon. On this call, we'll review the results, discuss our outlook, and then host a question-and-answer session.

Statements made on this call and in the presentation on our website are not -- that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any statements.

More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available on our website. Also, you will find reconciliations between GAAP and non-GAAP measures in the press release and presentation posted on our website.

Now, let me introduce Tony Will, our President and CEO.

Tony Will

Thanks Martin and good morning, everyone. Yesterday afternoon, we posted our financial results for the first half of 2022, in which we generated adjusted EBITDA of $3.6 billion. On a trailing 12 month basis, we generated adjusted EBITDA of $5.3 billion, net cash from operations of $4.4 billion, and free cash flow of $3.6 billion, all of which are new company records.