R&D expenses incurred in the alternative energy segment during the six months ended June 30, 2012 were $9.1 million, compared to $14.4 million for the comparable period in the prior year. The decrease in R&D expenses resulted primarily from a decrease in costs related to the Rentech-ClearFuels gasifier of approximately $5.8 million, which was partially offset by a decrease in reimbursements of costs related to the gasifier from the DOE of approximately $1.6 million.Average sales price per ton for Rentech Nitrogen’s primary products, ammonia and UAN, increased 9% and 25%, respectively, over the same period last year. Higher product prices were partially offset by decreased sales volume for UAN as described above.
Rentech Reports Results For Second Quarter 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.