CF Industries Holdings Inc updates investors on natural gas cost and impact on operations.

(From Chemical Business NewsBase - Press Release)

CF Industries Holdings Inc (CF Industries) reported on the impacts of unprecedented natural gas costs, as well as other issues arising in the wake of two recent Gulf Coast hurricanes. Natural gas represents the largest cost component in CF Industries' nitrogen fertilizer business segment, and the company uses its Forward Pricing Program (FPP) to reduce margin risk created by the volatility of fertilizer prices and natural gas costs. Nearly 1 M tonnes, or 63%, of CF Industries' fertilizer sales in 3Q 2005 were booked under the FPP (700,000 tonnes of fertilizer sales in 3Q 2004). As of 30 Sep 2005, FPP bookings for 4Q …