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Low prices drive down Rentech Nitrogen's earnings

11:54 AM MDT | May 13, 2014 | Clay Boswell

Rentech Nitrogen Partners (Los Angeles) reports net income for the first quarter of $3.1 million, down 79% year-on-year (YOY). Earnings per share totaled 8 cts, well above analysts’ consensus estimate of 0 cts, as compiled by Thomson Reuters. Sales totaled $56.3 million, down 5.5% YOY, since a gain at Rentech’s Pasadena, TX, facility was offset by a decline at its East Dubuque, IL, facility....

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