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Rentech Nitrogen reports net loss, sales gain

9:50 AM MST | November 7, 2013 | Lindsay Frost

Rentech Nitrogen LP today reported a third-quarter net loss of $22 million, down from a $28 million net gain year-over-year (YOY). Excluding the loss on goodwill impairment of $30 million and a one-time gain of $300,000, net income to common unitholders was $7.5 million, down 74% from the same period last year, Rentech Nitrogen says. Reported adjusted earnings were 19 cts/unit—below analyst estimates of 36 cts/unit. However sales increased 55% YOY, to $93.3 million due to $42.7 million in contribution from its Pasadena, TX facility...

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