Terra Nitrogen Company, L.P. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net sales of $181.1 million against $203.3 million for the same period last year. The decrease in Net Sales were due to lower ammonia and UAN sales volume and lower UAN average selling prices, which were offset partially by higher ammonia average selling prices. Earnings from operations were $131.8 million against $128.4 million for the same period last year. Net earnings were $131.8 million against $128.4 million for the same period last year. Net earnings allocated to General Partner were $56.6 million against $54.8 million for the same period last year. Net earnings allocated to common units were $73.9 million against $72.4 million for the same period last year. Net earnings per common unit were $4.00 against $3.91 for the same period last year.

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.