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Rentech Reports Results For The Three Months Ended December 31, 2011

Rentech, Inc. (NYSE AMEX: RTK) today announced its results for the three months ended December 31, 2011.

Rentech owns and develops technologies that enable the production of certified synthetic fuels, renewable power and hydrogen. The Company also manages and owns a majority of Rentech Nitrogen Partners, L.P. (NYSE: RNF) which operates a nitrogen fertilizer plant in East Dubuque, IL.

Rentech’s financial results reflect the consolidated results of its alternative energy business and those of Rentech Nitrogen.

As of December 31, 2011, Rentech had consolidated cash of $237.5 million, of which $44.8 million was held at Rentech Nitrogen.

For the three months ended December 31, 2011, Rentech reported a consolidated net loss of $8.5 million or $0.04 per share. Rentech generated consolidated net income of $1.7 million or $0.01 per share during the period excluding $10.3 million of loss on extinguishment of debt incurred during the period. This compares to a net loss of $5.5 million or $0.02 per share reported in the comparable period in the prior year, or a net loss of $0.9 million or $0.00 per share excluding $4.6 million of loss on extinguishment of debt incurred during the prior year period. Further explanation of net income excluding non-recurring items, a non-GAAP financial measure, and a reconciliation of consolidated net income excluding non-recurring items to net income have been included below in this press release.

During the three months ended December 31, 2011, Rentech Nitrogen generated operating income of $22.6 million as compared to $14.6 million during the comparable period in the prior year. Rentech Nitrogen generated $25.9 million of EBITDA for the period, as compared to $17.2 million in the corresponding period in 2010. Further explanation of EBITDA, a non-GAAP financial measure, and a reconciliation of Rentech Nitrogen's EBITDA to operating income has been included below in this press release.

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