CF Industries

In comparison with other industrial groups, CF Industries is benefiting from abundant gas in the US at stable prices. An extended global supply crunch for natural gas—used to produce nitrogen—gives the US-based fertilizer maker a prolonged cash flow boost. CF’s access to low-cost US gas will help position it to capture higher margins than most of its European and Asian peers. The transition to clean energy is also heating up competition for natural gas, which in turn has the potential to keep the nitrogen market tight for years.