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|Terra Nitrogen Company, L.P.
600 Fourth Street
P.O. Box 6000
Sioux City, IA 51102-6000
|For immediate release||Contact: Joe A. Ewing
declares cash distribution
TNCLPs improvement in fourth quarter earnings over those of the 2007 fourth quarter was due to higher nitrogen products selling prices, partially offset by lower sales volumes and higher natural gas costs. Strong third quarter demand resulted in the higher nitrogen selling prices that carried over into some fourth quarter sales. The lower sales volumes were due to depressed nitrogen demand in the fourth quarter caused by the global economic slowdown and unfavorable weather. Natural gas costs were affected by global energy price volatility. From the 2007 to the 2008 fourth quarter, TNCLPs:
|||Ammonia and urea ammonium nitrate (UAN) selling prices increased by 78 and 46 percent, respectively.|
|||Ammonia and UAN sales volumes decreased by 37 and 20 percent, respectively.|
|||Natural gas unit costs increased by 46 percent.|
The following information was filed by Terra Nitrogen Co L P De (TNH) on Tuesday, February 10, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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