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Rentech Nitrogen Partners, L.P. Message Board

  • mao_laotou mao_laotou Aug 9, 2012 7:53 PM Flag

    top line fall, net up due to low NG price

    RENTECH NITROGEN PARTNERS, L.P.

    Consolidated Statements of Operations

    (Amounts in thousands, except per unit data)



    For the Three Months
    Ended June 30, For the Six Months
    Ended June 30,
    2012 2011 2012 2011
    (Unaudited) (Unaudited)


    Revenues
    $ 70,643 $ 74,385 $ 109,116 $ 98,328

    Cost of sales
    24,997 36,958 40,898 50,700


























    Gross profit
    45,646 37,427 68,218 47,628


























    Operating expenses


    Selling, general and administrative expense
    3,884 1,478 6,474 2,604

    Depreciation
    83 93 636 202

    (Gain) loss on disposal of property, plant and equipment
    75 (26 ) 47 (72 )


























    Total operating expenses
    4,042 1,545 7,157 2,734


























    Operating income
    41,604 35,882 61,061 44,894


























    Other income (expense), net


    Interest income
    14 10 30 27

    Interest expense
    (42 ) (3,280 ) (142 ) (6,319 )

    Loss on debt extinguishment
    — (9,223 ) — (9,223 )

    Loss on interest rate swaps
    (580 ) — (580 ) —

    Other income (expense), net
    232 (12 ) 232 1


























    Total other expenses, net
    (376 ) (12,505 ) (460 ) (15,514 )


























    Income before income taxes
    41,228 23,377 60,601 29,380

    Income tax expense
    — 9,620 — 12,090


























    Net income
    $ 41,228 $ 13,757 $ 60,601 $ 17,290



























    Net income per unit – Basic
    $ 1.08 $ 1.58














    Net income per unit – Diluted
    $ 1.08 $ 1.58















    Weighted-average units used to compute net income per common unit:


    Basic
    38,253 38,251














    Diluted
    38,279 38,272

 
RNF
15.34+0.09(+0.59%)11:14 AMEDT