In a release on
For the full year 2013, TNCLP reported net earnings of
Results for the fourth quarter of 2013 included an unrealized mark-to-market gain on natural gas derivatives of
Analysis of Results
Sales for the 2013 fourth quarter totaled
Comparing the fourth quarter 2013 to 2012, TNCLP's:
-Ammonia average selling prices decreased by 34 percent and UAN average selling prices decreased by 15 percent;
-Ammonia sales volume decreased by 4 percent and UAN sales volumes increased by 7 percent; and
-Realized natural gas cost per MMBtu decreased by 1 percent.
Sales for the full year totaled
Comparing the full year 2013 to 2012, TNCLP's:
-Ammonia average selling price increased by 1 percent and UAN average selling price was unchanged;
-Ammonia and UAN sales volumes decreased by 14 and 3 percent, respectively; and
-Realized natural gas cost per MMBtu increased by 8 percent.
Cash distributions depend on TNCLP's earnings as well as cash requirements for working capital needs and capital expenditures. In 2013, capital expenditures were
TNCLP reported on
Cash distributions per limited partnership unit also vary based on increasing amounts allocable to the General Partner when cumulative distributions exceed targeted levels. With this distribution, TNCLP cumulative distributions continue to exceed targeted levels.
This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b). Please note that 100 percent of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a
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In a release on