Terra Nitrogen Co., L.P.
TNH
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Basic Materials
- Industry
- Agricultural Inputs
- Address
- IPO Date
- Nov 26, 1991
- Similar Companies
- Business
- Terra Nitrogen Company, L.P. (TNCLP) is a limited partnership engaged in the production of nitrogen fertilizer products primarily for agricultural applications. The company manufactures anhydrous ammonia and urea ammonium nitrate (UAN) solutions at its facility in Verdigris, Oklahoma, which includes two ammonia plants, two nitric acid plants, and two UAN plants; these products, with nitrogen contents of approximately 82% for ammonia and 28-32% for UAN, are sold mainly to farmers. Operations are conducted through its subsidiary Terra Nitrogen, Limited Partnership (TNLP), with Terra Nitrogen GP Inc., an indirect wholly-owned subsidiary of CF Industries Holdings, Inc., serving as the general partner holding a 0.025% interest in each entity. Founded in 1991 and historically headquartered in Deerfield, Illinois, with facilities in key U.S. locations such as Verdigris and Verdigris, Oklahoma, the company focuses on the basic materials sector, specifically agricultural chemicals, serving North American markets. As a subsidiary of CF Industries, a global leader in nitrogen products, TNCLP benefits from integrated manufacturing and distribution networks spanning the United States, Canada, and the United Kingdom. In a significant strategic development, CF Industries' wholly-owned subsidiary Terra Nitrogen GP Inc. exercised its right in February 2018 to purchase all 4.6 million publicly traded common units of TNCLP at $84.033 per unit, totaling approximately $390 million, with the transaction completing on April 2, 2018, after which the units ceased trading on the New York Stock Exchange and TNCLP deregistered. This acquisition simplified CF Industries' corporate structure, reduced administrative costs, and fully integrated TNCLP's Verdigris operations into the parent's portfolio, marking the most recent major change with no notable partnerships, funding rounds, acquisitions, or product launches reported in the last 1-2 years.