Terra Nitrogen Company, L.P. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. The company reported net earnings of $79.2 million on net sales of $151.3 million for the quarter ended December 31, 2015. This compares to net earnings of $95.0 million on net sales of $168.0 million for the 2014 fourth quarter. For the quarter, net earnings allocable to common units were $46.2 million or $2.49 per common unit against $56.5 million or $3.05 per common unit a year ago. Results for the fourth quarter of 2015 included an unrealized net mark-to-market loss on natural gas derivatives of $12.6 million compared to a loss of $5.5 million in the fourth quarter of 2014.

For the full year 2015, the company reported net earnings of $306.9 million on net sales of $581.7 million. This compares to net earnings of $370.0 million on net sales of $648.3 million for 2014. Net earnings allocable to common units was $186.2 million or $10.06 per common unit against $223.3 million or $12.07 per common unit a year ago. Results for the full year 2015 included a $23.1 million unrealized net mark-to-market loss on natural gas derivatives compared to a loss of $12.6 million for 2014.