Rentech Nitrogen Partners (RNF) Declares $0.25 Quarterly Dividend; 8.4% Yield
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November 9, 2015 4:15 PM EST
Revises 2015 Guidance
LOS ANGELES--(BUSINESS WIRE)--
Rentech Nitrogen Partners, L.P. (NYSE: RNF) today announced financial
and operating results for the three and nine months ended September 30,
2015. The Partnership also announced a cash distribution of $0.25 per
unit for the third quarter of 2015.
Keith Forman, CEO of Rentech Nitrogen, said, The third quarter
operating results for Rentech Nitrogen were strong, especially in the
context of year over year comparison. Demand for our products remained
robust, East Dubuque produced a record quantity of ammonia, and our
sales margins were... More
November 9, 2015 4:15 PM EST
LOS ANGELES--(BUSINESS WIRE)--
Rentech, Inc. (NASDAQ: RTK) today announced financial and operating
results for the three and nine months ended September 30, 2015.
Keith Forman, President and CEO of Rentech, stated, Financial and
operating performance improved in our nitrogen, chipping and residential
pellet businesses relative to last year. Cost discipline and higher
efficiency are contributing to a significant turnaround at Fulghum
Fibres from last year, with EBITDA for the year expected to exceed our
guidance. We also expect NEWP to exceed our EBITDA guidance for the
year, thanks to lower production costs and higher sales prices.... More
