Potash Corp. of Saskatchewan Inc. reported second-quarter net income of $417 million ($0.50 per diluted share) on sales of $1.73 billion, down from the year-ago $472 million ($0.56 per share) and $1.89 billion, respectively.
The company said improved potash and phosphate contributions were offset by weaker nitrogen earnings, resulting in gross margin of $711 million in this year’s second quarter (down 5 percent) and $1.4 billion for the first half (up 5 percent).
Six-month net income was $787 million ($0.94 per share) on sales of $3.39 billion, down from $812 million ($0.95 per share) and $3.57 billion.
CVR Partners LP reported second-quarter 2015 net income of $27 million (37 cents per fully diluted common unit), on net sales of $80.8 million, compared to net income of $17.1 million (23 cents per unit), on net sales of $77.2 million for the second quarter a year earlier.
For the first six months of 2015, net income was $56.8 million (78 cents per unit) on net sales of $173.9 million, compared to $38.6 million of net income (53 cents per unit), on net sales of $157.5 million for the comparable period a year earlier.
"The Coffeyville fertilizer facility ran well during the second quarter," said Mark Pytosh, CEO. "On-stream rates for all facility operating units ranged from nearly 97 percent to 100 percent, which were impressive considering we were heading into our next scheduled plant turnaround."
Disclaimer of Warranty
All information has been obtained by Green Markets from sources believed to be reliable. However, because of the possibility of human or mechanical error by our sources, Green Markets or others, Green Markets does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.
For additional details visit our
Terms of Use.
