Today, we're issuing guidance for the calendar year 2012. Our forecast calls for cash available for distribution in the range of $2.86 per unit and EBITDA in the range of $120 million. So that you can make direct comparisons to the forecast in our IPO prospectives, we're also updating our guidance for the 12 months ending September 30, 2012. We now expect EBITDA of approximately $110 million, up from previous guidance of $97 million and cash available for distribution at approximately $2.67 per unit, up from $2.28 per unit. Both of these distribution numbers are after debt service.Looking forward, products for the summer fill are seasonally at lower prices than peak seasons, spring and fall prices. We're beginning to see activity for ammonium and UAN summer sales in the range of $600 to $625 for ammonium and $300 to $330 for UAN. We're also beginning to see activity for fall ammonia application season. Posted prices in our region of the Mid Corn Belt are in the mid-$600 per ton range. We've already committed a small portion of our fall book in this price range. The UAN prices for fill tons [ph] in preparation of the 2013 spring season are posted in the low-$300s.
Rentech's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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