CF Industries Holding Inc., Deerfield, Ill., reported first-quarter net income of $68 million, exceeding Wall Street analyst average projections of $53 million, according to Bloomberg. Year-ago net income was $90 million. Net sales of $971 million surpassed analyst estimates of $917 million, though they were below the year-ago $1 billion.
CVR Partners LP, Sugar Land, Texas, reported a
first-quarter net loss of $21 million on sales of $75 million, versus the
year-ago loss of $6 million and $91.9 million, respectively. Overall, the company
reported lower prices for its main products—UAN and ammonia. While total sales volumes
were up, ammonia volumes increased to 54,000 st from the year-ago 36,000 st,
while UAN was off slightly at 284,000 st from 288,000 st.
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