Strong Financial Performance
Net sales of $143 million, net income of $27 million, and EBITDA of $53 million for the first quarter of 2025. A distribution of $2.26 per common unit was declared.
High Ammonia Utilization and Production
Consolidated ammonia plant utilization was at 101%, with combined ammonia production of 216,000 gross tons.
Increased Ammonia Prices
Ammonia prices increased by 5% from the prior year period.
Favorable Agricultural Conditions
USDA estimates suggest strong demand for nitrogen fertilizer with 95 million acres of corn and 83 million acres of soybeans to be planted in 2025.
Significant Liquidity Position
Total liquidity of $172 million, including $122 million in cash.