Terra Nitrogen Company, L.P. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net earnings of $98.7 million on net sales of $126.7 million for the quarter ended June 30, 2016. This compares to net earnings of $99.3 million on net sales of $153.6 million for the 2015 second quarter. Net earnings allocable to common units was $59.7 million or $3.22 per common unit and $61.3 million or $3.31 per common unit for the 2016 and 2015 second quarters, respectively. Earnings from operations was $98.6 million against $99.3 million a year ago.

For the first six months of 2016, the company reported net earnings of $136.4 million on net sales of $234.7 million. This compares to net earnings of $158.3 million on net sales of $280.2 million for the first six months of 2015. Net earnings allocable to common units was $86.4 million or $4.66 per common unit and $98.8 million or $5.34 per common unit for the first six months of 2016 and 2015, respectively. Earnings from operations was $136.3 million against $158.3 million a year ago. In the first half of 2016, capital expenditures were $20.2 million as compared to $67.4 million in 2015, with the decrease primarily due to the large plant turnaround activities in 2015 that did not recur in 2016.

For the full year 2016, the company is expected to have capital expenditures in the range of $30 million to $40 million.