Terra Nitrogen Company, L.P. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total net sales of $90.2 million compared to $150.2 million a year ago. Earnings from operations were $28.8 million compared to $69.4 million a year ago. Net earnings were $28.8 million compared to $69.4 million a year ago. Net earnings allocation to common units was $19.2 million or $1.04 per common unit compared to $41.2 million or $2.23 per common unit a year ago.

For the nine months, the company reported total net sales of $324.9 million compared to $430.4 million a year ago. Earnings from operations were $165.1 million compared to $227.7 million a year ago. Net earnings were $165.2 million compared to $227.7 million a year ago. Net earnings allocation to common units was $105.6 million or $5.71 per common unit compared to $140 million or $7.57 per common unit a year ago. For the first nine months of 2016, capital expenditures were $24.8 million as compared to $81.9 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 $35 million to $40 million.