Terra Nitrogen Company, L.P. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; Declares Cash Distribution for the Quarter Ended September 30, 2012, Payable on November 29, 2012
For the nine months, the company reported net sales of $573.6 million against $597.9 million for the same period last year. Earnings from operations were $410.8 million against $378.2 million for the same period last year. Net earnings were $410.8 million against $378.2 million for the same period last year. Net earnings allocated to General Partner were $176.5 million against $162.5 million for the same period last year. Net earnings allocated to common units were $230.3 million against $212.1 million for the same period last year. Net earnings per common unit were $12.45 against $11.46 for the same period last year.
The company reported the declaration of a cash distribution for the quarter ended September 30, 2012, of $4.12 per common limited partnership unit payable on November 29, 2012, to holders of record as of November 16, 2012.