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 Nitrogen Announces Results For Fourth Quarter And Full Year 2012; Issues 2013 Guidance

The Partnership provided guidance for the following additional key operating metrics, progress against its guidance and projected benefits of its expansion projects scheduled to be online by the end of 2013:








2013 Guidance






Locked-in or Delivered (as of 2/28/13)




Impacts of Downtime Included in 2013 Guidance

2013 Pro Forma Increase as if Current Expansion Projects were On-line at Beginning of 2013 1

East Dubuque Facility







46,000 or 39%

Average Price





117,000 or 41%

Average Price


Natural Gas in Cost of Sales



(million MMBtus)


3.7 or 37%

Average Cost Per million MMBtus


(including transportation costs)

EBITDA (in thousands) $114,300 ($21,500) $34,200
Cash Distribution per Unit $2.71 ($0.54) $0.75

Pasadena Facility
Deliveries (Tons)

Ammonium Sulfate

Sulfuric Acid

Ammonium Thiosulfate
Ammonia used in Cost of Sales (Tons) 143,000
Sulfur used in Cost of Sales (Tons) 210,000
EBITDA (in thousands) $24,300 ($4,300) $6,400
Cash Distribution per Unit $0.44 ($0.11) $0.15

Partnership Level
EBITDA (in thousands) ($9,700)
Cash Distribution per Unit ($0.55)

Total EBITDA (in thousands) $128,900 ($25,800) $40,600
Total Cash Distribution per Unit $2.60 ($0.65) $0.90

1Pro forma increases to cash distribution per unit are illustrative and derived using the same assumptions underlying the 2013 guidance other than those for production and including those of commodity prices. The expansion projects are anticipated to begin contributing to cash distributions in 2014. The pro forma calculations of cash distributions are not meant to serve as guidance for 2014.

Rentech Nitrogen has secured 81% of its spring 2013 forward sales book for ammonia and UAN, at strong product prices of $769 per ton and $361 per ton, respectively. The Partnership has secured 37% of the natural gas required to produce the products forecasted to be delivered during 2013, at an average price of $3.87, including transportation costs.

6 of 10

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 $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs