This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rentech Reports Results For Third Quarter 2012

The table below reconciles EBITDA to net income for Rentech's nitrogen products manufacturing segment for the three and nine months ended September 30, 2012 and 2011 (stated in thousands).

Three Months Ended, Nine Months Ended,
September 30, September 30,
2012       2011           2012       2011
Net income $ 28,848 $ 3,312 $ 89,448 $ 20,602
Interest income (14 ) (12 ) (43 ) (39 )
Interest expense 39 4,522 181 10,841
Loss on debt extinguishment - - - 9,223
Loss on interest rate swaps 327 - 907 -
Income tax expense - 2,553 - 14,643
Depreciation and amortization 3,679 2,514 9,456 7,419
Other   -           1               (232 )         -  
EBITDA $ 32,879         $ 12,890             $ 99,717         $ 62,689  

Net income (loss) attributable to Rentech excluding loss on debt extinguishment and non-recurring items is a presentation of net income (loss) attributable to Rentech adjusted for items, such as loss on impairments and extinguishment of debt. The table below reconciles net income (loss) attributable to Rentech excluding loss on debt extinguishment and non-recurring items to net income for the three and nine months ended September 30, 20111 (stated in thousands, except per share data).

For the Three

Months Ended

For the Nine

Months Ended
September 30, 2011

Net Loss Attributable to Rentech
$ (59,088 ) $ (58,765 )
Loss on Impairments 58,689 58,689
Advance for Equity Investment (7,892 ) (7,892 )
Loss on Debt Extinguishment   -     9,223  

Net Income (Loss) Attributable to Rentech Excluding Loss on Debt Extinguishment and Non-Recurring Items
$ (8,291 ) $ 1,255  
Net Loss per Share Attributable to Rentech $ (0.26 ) $ (0.26 )
Loss on Impairments 0.26 0.26
Advance for Equity Investment (0.04 ) (0.04 )
Loss on Debt Extinguishment   -     0.04  

Net Income (Loss) per Share Attributable to Rentech Excluding Loss on Debt Extinguishment and Non-Recurring Items
$ (0.04 ) $ -  
Weighted-Average Shares Outstanding 223,356 222,899

About Rentech, Inc.

Rentech, Inc. ( owns and develops technologies that enable the production of certified synthetic fuels and renewable power when integrated with certain other third-party technologies. The Company owns the Rentech-SilvaGas and the Rentech-ClearFuels biomass gasification technologies, each of which can produce synthesis gas from biomass or waste materials, for production of renewable power and fuels. The Rentech-ClearFuels gasifier can also produce renewable hydrogen as a product. Rentech also owns the patented Rentech Process, based on Fischer-Tropsch chemistry, which can convert syngas from the Company’s own or other gasification technologies into complex hydrocarbons that then can be upgraded into fuels or chemicals using refining technology that we license.

Rentech also owns, through its wholly-owned subsidiaries, the general partner and approximately 60% of the common units representing limited partner interests in Rentech Nitrogen Partners, L.P. (, a limited partnership traded publicly under the symbol RNF. Rentech Nitrogen Partners, L.P. manufactures and sells nitrogen fertilizer products domestically and abroad.

Safe Harbor Statement

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 about matters such as: the forecasted cash spend for the alternative energy segment; the outlook for both our energy and nitrogen fertilizer businesses; and the projected financial impact of the Agrifos acquisition, including accretion, projected EBITDA and growth opportunities for the Pasadena facility. These statements are based on management’s current expectations and actual results may differ materially as a result of various risks and uncertainties. Other factors that could cause actual results to differ from those reflected in the forward-looking statements are set forth in the Company’s prior press releases and periodic public filings with the Securities and Exchange Commission, which are available via Rentech’s website at The forward-looking statements in this press release are made as of the date of this press release and Rentech does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.

Copyright Business Wire 2010
8 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.01 0.00%
FB $99.75 0.00%
GOOG $682.74 0.00%
TSLA $147.99 0.00%
YHOO $27.05 0.00%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs