Last $10.92 USD
Change Today -0.14 / -1.27%
Volume 19.6K
RNF On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 1:07 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

rentech nitrogen partners lp (RNF) Snapshot

Open
$11.07
Previous Close
$11.06
Day High
$11.19
Day Low
$10.91
52 Week High
10/23/13 - $29.81
52 Week Low
10/8/14 - $9.97
Market Cap
424.8M
Average Volume 10 Days
112.1K
EPS TTM
$0.30
Shares Outstanding
38.9M
EX-Date
08/20/14
P/E TM
36.4x
Dividend
$0.52
Dividend Yield
4.82%
Current Stock Chart for RENTECH NITROGEN PARTNERS LP (RNF)

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rentech nitrogen partners lp (RNF) Details

Rentech Nitrogen Partners, L.P. manufactures and sells nitrogen fertilizer products in the United States and internationally. The company operates in two segments, East Dubuque and Pasadena. Its products include ammonia and urea ammonium nitrate solution, ammonium sulfate, liquid and granular urea, nitric acid, food-grade carbon dioxide, sulfuric acid, and ammonium thiosulfate. The company offers its products for agricultural use through marketing and distribution agreements. Rentech Nitrogen GP, LLC serves as the general partner of Rentech Nitrogen Partners, L.P. The company is based in Los Angeles, California. Rentech Nitrogen Partners, L.P. is a subsidiary of Rentech Nitrogen Holdings, Inc.

251 Employees
Last Reported Date: 03/17/14

rentech nitrogen partners lp (RNF) Top Compensated Officers

Chief Executive Officer of Rentech Nitrogen G...
Total Annual Compensation: $264.0K
President of Rentech Nitrogen GP LLC and Dire...
Total Annual Compensation: $256.8K
Chief Financial Officer of Rentech Nitrogen G...
Total Annual Compensation: $157.5K
Chief Operating Officer of Rentech Nitrogen G...
Total Annual Compensation: $250.0K
Senior Vice President of Finance & Administra...
Total Annual Compensation: $206.0K
Compensation as of Fiscal Year 2013.

rentech nitrogen partners lp (RNF) Key Developments

Rentech Nitrogen Partners to Lay Off 20% of its Workforce at its Facility in Pasadena, Texas

Rentech Nitrogen Partners announced that it will lay off 20% of its workforce at its facility in Pasadena, Texas. But no such plans were noted for its East Dubuque, Ill., site and noted that a recent increase in ammonia prices actually improved the forecast for that facility. The company is reducing about 20% of its full-time-equivalent workforce, including contractors and employees, by the end of the year. The facility also will reduce its annual production of ammonium sulfate by 25%, to 500,000 tons. The company will handle the reduction chiefly by largely cutting off 'typically low-margin sales to Brazil.' With the two moves, total savings at the facility next year are estimated at $10 million.

Rentech Nitrogen Partners, L.P. Begins Restructure of Operations at its Pasadena, Texas Facility

Rentech Nitrogen Partners, L.P. has begun to restructure operations at its Pasadena, Texas facility, in order to improve profitability in currently unfavorable market conditions. Rentech Nitrogen expects to complete the restructuring by the end of this year. Annualized cash savings at the Pasadena facility in 2015 are projected to be approximately $10 million. The Partnership expects the restructuring to reduce operating and SG&A expenses by approximately $6 million, and annual maintenance capital expenditures by approximately $4 million, compared to the 2014 forecast. This should enable the Pasadena facility's operations, including power generation, to generate positive EBITDA in 2015, based on the Partnership's current outlook for input costs and prices of ammonium sulfate (AS). The restructuring includes a reduction of approximately 20% in full-time equivalents, including contractors and employees. Severance and other one-time employee-related expenses of roughly $0.5 million are expected in 2014, in connection with the reductions. As part of the restructuring, the Pasadena facility will reduce annual production of AS by approximately 25%, to 500,000 tons. Approximately 70% of the 500,000 tons will be targeted for the domestic market, with the remaining tons to be sold primarily in New Zealand and Australia, the international markets with the high net prices. The plan eliminates typically low-margin sales to Brazil, other than modest amounts expected during peak seasons when higher margins may be achievable. The plan provides the option to increase AS production above the 500,000 ton rate for limited periods.

Rentech Nitrogen Partners, L.P. Presents at Credit Suisse Basic Materials Conference 2014, Sep-17-2014 03:25 PM

Rentech Nitrogen Partners, L.P. Presents at Credit Suisse Basic Materials Conference 2014, Sep-17-2014 03:25 PM. Venue: Credit Suisse, One Madison Avenue - between 23rd and 24th streets, New York, NY 10010, United States. Speakers: D. Hunt Ramsbottom, Chief Executive Officer of Rentech Nitrogen GP LLC and Director of Rentech Nitrogen GP LLC.

 

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RNF

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Valuation RNF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 32.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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