Fertilizer prices have soared to their highest level in nearly three years, largely due to the ongoing conflicts in the Middle East.
After all, around a third of the global fertilizer supply passes through the Strait of Hormuz, which was restricted when strikes on Iran began.
That said, some fertilizer companies could still emerge as compelling investment plays this month. Accordingly, Finbold has compiled a list of the top 3 fertilizer stocks worth keeping an eye on in April.
1. CVR Partners (UAN)
CVR Partners (NYSE: UAN), a company primarily focused on ammonia, was on an upward trajectory before the issues with the Strait of Hormuz, reporting full-year 2025 EBITDA of $211 million.
What’s more, ammonia prices climbed roughly 32% year-over-year in the fourth quarter, virtually setting up the stage for CVR in early 2026. Indeed, during the Q4 earnings call in February, CEO Mark Pytosh himself noted that the company’s order book was bigger than usual.
In the same call, he added that the company is working on a new business plan, seeking to address operational and contractual reliability. The new strategy includes feedstock flexibility projects and capacity expansion to improve resilience and adaptability.
Just how successful CVR has been so far this year will be revealed in the company’s next quarterly earnings report, scheduled for April 29.
2. CF Industries Holdings (CF)
CF Industries Holdings, Inc. (NYSE: CF) produces and markets ammonia, granular urea, urea ammonium nitrate (UAN), and ammonium nitrate (AN) products, among others. Up 55% year-to-date, and trading at a forward P/E ratio of about 9.9, roughly 40% below the sector median, the stock appears undervalued relative to peers.
One of CF’s core advancates is that it produces nitrogen fertilizer in the U.S., using low-cost shale gas, which helps it stay relatively untouched by some of the geopolitical problems. As a result, CF continues to generate strong margins that could prove structural this year.
On the flip side, that also means that a reversion to pre-war global energy conditions could lead to heightened volatility and, thus, weaker earnings. Still, Goldman Sachs appears cautiously optimistic on CF Industries, raising its price target on the stock from $103 to $132 on April 14 and citing the war’s strong impact on nitrogen fertilizers.
3. Intrepid Potash (IPI)
Intrepid Potash (NYSE: IPI), the largest producer of potassium chloride in the U.S., is up nearly 40% in 2026, and considering its full-year 2025 adjusted EBITDA of $63 million was the strongest in nearly a decade, investors are more than excited for its next earnings call in early May.
Also notable is that, in 2025, Intrepid sold a record 303,000 tons of Trio, its flagship potassium product. Now, it guides for a roughly 7% increase in production growth in 2026.
In addition, the company’s lithium project in Wendover, Nevada, helps diversify its portfolio. Indeed, the company reported an estimated 119,000 tons of lithium carbonate equivalent resources, with potential production capacity of about 5,000 tons per year, which could further bolster the bull case in the long-run.
Featured image via Shutterstock
