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Rentech Nitrogen Partners, L.P. Message Board

  • riverfront418 riverfront418 Jun 3, 2013 2:34 PM Flag

    Natural gas price compare 2012 to 2013 margins

    From 2nd qtr press release- So it does look to be much lower margins- but have to see where selling prices have gone.

    Average Cost per MMBtu
    $3.64
    (includes transportation costs)


    In addition to natural gas purchases through June 30, detailed above, as of July 31, 2012, Rentech Nitrogen had contracted at fixed prices for an additional 1.8 million MMBtus at an average price of $3.28 per MMBtu, excluding transportation costs. With the addition of these natural gas commitments, Rentech Nitrogen has locked in 84% of the natural gas required to produce products already delivered or forecasted to be delivered under the new 2012 guidance at an average cost of $3.71 per MMBtu, including transportation costs. These forward natural gas contracts represent approximately 100% of the natural gas required to produce products to be delivered under 2012 pre-paid sales contracts as of July 31.

    Sentiment: Buy

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