Sioux City-Terra Nitrogen Co. LP reported net income of $17.5 million ($.93 per lp unit) on revenues of $118.5 million for the fourth quarter ending Dec. 31, 2006. This compares to a year-ago net loss of $8.4 million ($.45 per lp) on revenues of $117.7 million. TNCLP said the fourth-quarter improvement was due to a $46 million reduction in natural gas costs and higher sales volumes. These partially offset a $20 million decline from the prior year’s ammonia and UAN selling prices. For 2006, TNCLP’s net income was $46.2 million ($2.45 per lp) on revenues of $425.1 million, compared to 2005’s net income of $55.9 million ($2.95 per lp) on revenues of $455.5 million. The 2006 decline was attributed to lower ammonia and UAN sales volumes and lower UAN selling prices, partially offset by higher ammonia selling prices and lower gas costs.
Transparency Across the Fertilizer Value-Chain