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Terra Nitrogen releases 3Q17 results

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World Fertilizer,

According to Reuters, Terra Nitrogen Co. has released its results for 3Q17, reporting sales of US$84.6 million compared to US$90.2 million.

The company also reported quarterly net earnings per common unit of US$0.92.

For the full year of 2017, the company is expecting CAPEX to be approximately US$30 million – US$35 million.

According to Reuters, Terra Nitrogen’s sales volumes in 3Q17 for ammonia grew by 18%, whilst sales volumes for UAN increased by 9%, compared to the same quarter of the previous year.

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Ammonia news