Terra Nitrogen Company, L.P. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Capital Expenditures Guidance for the Year 2017
For the full year 2017, the company expects to make capital expenditures in the range of $25 million to $35 million. The company previously announced that it expected to make capital expenditures for the full year 2017 in the range of $75 million to $85 million, with approximately $40 million of the projected capital expenditures related to a plant turnaround scheduled to start in the third quarter of 2017. Subsequent to that announcement, TNCLP postponed the turnaround due to a delay in receiving certain equipment.