Terra Nitrogen Company, L.P. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported net earnings of $99.3 million on net sales of $153.6 million for the quarter ended June 30, 2015. This compares to net earnings of $100.1 million on net sales of $167.5 million for the 2014 second quarter. Net earnings allocable to common units was $61.3 million ($3.31 per common unit) and $58.4 million ($3.16 per common unit) for the 2015 and 2014 second quarters, respectively. The decrease in net earnings was primarily driven by lower UAN production volume in 2015 compared to 2014 and light demand for UAN as growers moved toward ammonia and urea in the second quarter.

for the first six months of 2015, the company reported net earnings of $158.3 million on net sales of $280.2 million. This compares to net earnings of $203.0 million on net sales of $345.2 million for the first six months of 2014. Net earnings allocable to common units was $98.8 million ($5.34 per common unit) and $118.8 million ($6.42 per common unit) for the first six months of 2015 and 2014, respectively. Results for the first six months of 2015 included a $6.5 million unrealized net mark-to-market gain on natural gas derivatives compared to a loss of $8.9 million for the first six months of 2014.