BNET Industries
Market Cap:$1.9B
Last Fiscal Year Sales:$903.0M
- Public
- US
Dow Jones Description
Mfr. of Nitrogenous Fertilizers: Limited Partner
Chairman, President & CEO
Michael L. BennettNumber of Employees 163
Peer Companies
NAICS Code Nitrogenous Fertilizer Manufacturing: 325311
Recent Events
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Terra Nitrogen Company Reports Third Quarter Results
News & Analysis
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terra nitrogen company l.p. - All News and Analysis
Terra Nitrogen Company, L.P. Reports First Quarter Results; Declares Cash Distribution
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE: TNH) today reported net income of $81.6 million ($3.93 per Common Unit) on revenues of $174.5 million for the first quarter ended March 31, 2008. This compares with net income of $35.3 million ($1.87 per Common Unit) on revenues of...
Terra Nitrogen Company, L.P. Reports Fourth Quarter and Full-Year Results; Declares Cash Distribution
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE: TNH) today reported net income of $67.8 million, or $3.59 per limited partnership unit, on revenues of $197.6 million for the fourth quarter ended Dec. 31, 2007. This compares with net income of $17.5 million, or $.93 per limited partnership...
Terra Nitrogen Company, L.P. Reports Third Quarter Results; Declares Cash Distribution
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE:TNH) today reported net income of $45.6 million, or $2.42 per limited partnership unit, on revenues of $133.2 million for the third quarter ended Sept. 30, 2007. This compares with net income of $13.7 million, or $0.73 per limited partnership unit,...
Terra Nitrogen Company, L.P. Reports Fourth Quarter and Full-Year Results; Declares Cash Distribution
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE:TNH) today reported net income of $17.5 million, or $.93 per limited partnership unit, on revenues of $118.5 million for the fourth quarter ended Dec. 31, 2006. This compares with a net loss of $8.4 million, or $.45 per unit, on...
Terra Nitrogen Company, L.P. Reports Third Quarter Results; Declares Cash Distribution
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE:TNH) today reported net income of $17.7 million, or $.94 per limited partnership unit, on revenues of $111.7 million for the third quarter ended Sept. 30, 2005. This compares with net income of $6.8 million, or $.36 per unit, on revenues...
Terra Nitrogen Company L.P. Reports on Forward Natural Gas Pricing, Product Sales Orders
SIOUX CITY, Iowa -- Terra Nitrogen Company L.P. (NYSE:TNH) reported that at Sept. 30, 2005, it had supply contracts, financial derivatives and other instruments that fixed the purchase price for approximately 12 percent of its next 12 months' natural gas needs. The partnership also reported that it has collared most...
Terra Nitrogen Company, L.P. Reports Second Quarter Results; Declares Cash Distribution
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE:TNH) today reported net income of $29.4 million, or $1.56 per limited partnership unit, on revenues of $120.2 million for the second quarter ended June 30, 2005. This compares with a net income of $14.6 million, or $.77 per unit, on...
Terra Nitrogen Company, L.P. Sells Blytheville Terminal Assets to Kinder Morgan; Parent Company Enters Leasing Agreement
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE:TNH) announced today that it has sold to a subsidiary of Kinder Morgan Energy Partners, L.P. (NYSE:KMP) its terminal assets in Blytheville, Ark. As part of this transaction, TNCLP's parent company, Terra Industries Inc. Terra (NYSE:TRA) entered into a long-term agreement...
Terra Nitrogen Company, L.P. Reports First Quarter Results; Declares Cash Distribution
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE:TNH) today reported net income of $17.2 million, or $.91 per limited partnership unit, on revenues of $105.9 million for the first quarter ended March 31, 2005. This compares with a net income of $12.0 million, or $.64 per unit, on...
Terra Nitrogen Company, L.P. Reports Fourth Quarter Results
SIOUX CITY, Iowa -- Terra Nitrogen Company, L.P. TNCLP (NYSE:TNH) today reported net income of $12.5 million, or $.66 per limited partnership unit, on revenues of $85.1 million for the fourth quarter ended Dec. 31, 2004. This compares with net income of $17.5 million, or $.93 per limited partnership unit,...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Daniel D. Greenwell | Vice President & Chief Accounting Officer |
| Francis G. Meyer | Cfo & Senior Vice President |
| W. Mark Rosenbury | Chief Admin Officer & Senior Vice President |
| Joseph D. Giesler | Senior Vice President, Commercial Operations |
| Joseph Gielser | Senior Vice President, Commercial Operations |
| Mark Rosenbury | Senior Vice President |
| Edward J. Dillon | Controller & Vice President |
| John W. Huey | General Counsel, Secretary & Vice President |
| Richard S. Sanders Jr. | Vice President, Manufacturing, TNGP |
| Terra Nitrogen | Vice President |
| Debra J. Bliven | Assistant Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Michael L. Bennett | Chairman, President & CEO |
| Anne H. Lloyd | Board Member |
| Coleman L. Bailey | Board of Directors |
| Dennis B. Longmire | Board of Directors |
| Michael A. Jackson | Board of Directors |
| Theodore D. Sands | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Beaumont Ammonia Inc. | CEO | Current |
| Terra Nitrogen Company, L.P. | Chairman, President & CEO | Current |
| Terra Industries, Inc. | President and CEO | Current |
| Terra Industries, Inc. | Salesperson | Current |
| Terra Environmental Technologies Inc. | Salesperson | Current |
| Wisconsin Power & Light Company | Chairperson of the Audit Committee | Current |
| Interstate Power and Light Company | Board of Directors | Current |
| United Way of Siouxland | Board Member | Current |
| Alliant Energy Corporation | Director | Current |
| Terra Industries, Inc. | Board of Directors | Current |
| Industrial Energy Applications | Board of Directors | Current |
| Alliant Energy Resources, Inc. | Director | Current |
| Terra Industries, Inc. | Chief Operating Officer | Former |
| Terra Industries, Inc. | Executive Vice President | Former |
| Terra Industries, Inc. | Manager, Terminal Operations | Former |
| Alliant Energy Corporation | Chairperson | Former |
| Methanol Institute | Chairman of The Board | Former |
| Wisconsin Power & Light Company | Director | Former |
Dan Greenwell became Terra’s Senior Vice President, Chief Financial Officer in August 2007. He joined the company in April 2005 as Vice President, Controller. Dan served as the Corporate Controller for Belden, Inc. from 2001 to 2005 and was primarily responsible for acquisition analysis and financial system integration. He also led SEC reporting and Sarbanes-Oxley compliance activities. Dan was Chief Financial Officer for Zoltek Companies, Inc. from 1996 to 2001. There, he led financial activities related to investor relations, financing, acquisition negotiation and integration, and SEC reporting. From 1992 to 1996, Dan served as Operations Manager and Controller of Sigma Chemical Company in St. Louis. He was heavily involved with chemical plant operations, inventory management and new system implementation. Dan was a Senior Manager with the public accounting firm KPMG from 1985 to 1992. His experience included a two-year assignment in The Netherlands Antilles, where he focused on offshore finance and banking activities. Dan earned a B.S. in Accounting from Truman State University and is a Certified Public Accountant. Dan has well-rounded international experience with acquisition negotiation, financing, and integration execution in the United Kingdom, The Netherlands, Germany, Canada, Hungary and the Czech Republic. Dan has a passion for process improvement and strongly advocates technology utilization. He provides information technology experience in some of the leading software platforms, including SAP and Oracle.
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Vice President & Chief Accounting Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Beaumont Ammonia Inc. | CFO | Current |
| Terra Industries, Inc. | Chief Financial Officer | Current |
| Terra Nitrogen Company, L.P. | Cfo & Senior Vice President | Current |
| Terra Industries, Inc. | Executive Vice President | Former |
| Terra Industries, Inc. | Senior Vice President | Former |
| Terra Industries, Inc. | Corporate Accounting Manager | Former |
| Terra Industries, Inc. | Corporate Controller | Former |
| Arthur Young, Inc. | Auditor | Former |
| Terra Industries, Inc. | Cotroller, Agribusiness Subsidiary | Former |
| Terra Nitrogen Company, L.P. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Chief Admin Officer & Senior Vice President | Current |
Joe Giesler is Terra’s Senior Vice President, Commercial Operations. He has spent the past 27 years in the agriculture and chemical industries and joined Terra when the company purchased Agricultural Minerals Corporation in 1994. Joe earned a B.S. in Agricultural Economics from the University of Missouri in Columbia in 1980. Throughout his career at Terra and predecessor companies, he has held management positions that have resulted in broad knowledge in sales, operations, marketing and all factors that influence the markets in which Terra operates. As an outcome-focused leader, Joe has made valuable contributions to Terra as a senior manager for several years. He is knowledgeable in the ins and outs of the nitrogen business and is a very quick study. Terra benefits from Joe’s focused management of the energy and product distribution functions, in addition to his oversight of product demand/supply planning functions.
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Senior Vice President, Commercial Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Senior Vice President, Commercial Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Senior Vice President | Current |
| Port Neal Corporation | Chief Admin Officer & Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Controller & Vice President | Current |
John Huey has been Terra’s Vice President, General Counsel and Corporate Secretary since October 2006. John was previously general counsel of an international manufacturing company and most recently in private practice with a large Kansas City-based law firm. John graduated with honors with a B.S. in Business and Accounting from the University of Kansas and he earned his Juris Doctor from the University of Kansas School of Law. John brings to Terra a wealth of experience in managing the legal affairs of a publicly traded manufacturing company with international operations. John is skilled in a broad range of corporate and commercial law subjects, including SEC, antitrust, mergers and acquisitions, distribution, construction, and employment and has worked with management and Boards of Directors of public companies on a wide variety of issues pertaining to corporate governance and Sarbanes-Oxley compliance.
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | General Counsel, Secretary & Vice President | Current |
Richard Sanders Jr. has been Terra’s Vice President, Manufacturing since July 2003. He joined Terra with the company’s purchase of Agricultural Minerals and Chemicals Inc. in 1994. Richard earned a B.S. in Chemical Engineering from Louisiana State University in Baton Rouge in 1980. He was a Production Engineer for Agrico for five years, then moved into management positions in the company’s nitrogen and phosphate operations. In 1993, Richard became Plant Manager at Terra’s Beaumont, Texas, methanol manufacturing facility. From 1995 through June 2003, he was Plant Manager at Terra’s Verdigris, Oklahoma nitrogen manufacturing facility. Richard operates from a core set of values and morals, an integrity developed from his common sense upbringing, education, and plant experience. His decisions and actions are always an extension of these key principals. He leads by example and fosters a “roll up your sleeves and get to work” style that helps employees understand that anything is possible. Richard’s decisions represent what is in the best interest of Terra and its employees. These traits make his leadership style very effective and consistent, allowing those working for him to adopt these same key principals as a respectful extension of his style.
| Organization | Position | Status |
|---|---|---|
| Terra Industries, Inc. | Vice President, Manufacturing | Current |
| Terra Nitrogen Company, L.P. | Vice President, Manufacturing, TNGP | Current |
| Louisiana State University | B.S. In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Assistant Secretary | Current |
Anne H. Lloyd is Senior Vice President, Chief Financial Officer and Treasurer for Martin Marietta Materials. Ms. Lloyd has served as CFO since June 2005 and was elected Treasurer in March 2006. Ms. Lloyd joined the Company in 1998 as Vice President and Controller. She was promoted to Chief Accounting Officer in 1999. Before joining Martin Marietta Materials, she was with Ernst & Young, LLP, an international public accounting firm. Ms. Lloyd is a graduate of the University of North Carolina at Chapel Hill. She holds a Bachelor of Science degree in Business Administration and is a Certified Public Accountant. Ms. Lloyd is active in various business, education and civic organizations. She currently serves as Treasurer, member of the Executive Committee and Board Member of the National Stone Sand and Gravel Association (NSSGA). She also serves on the SAFETEA-LU Reauthorization Committee of the NSSGA and the Blue Ribbon Panel of Transportation Experts for the National Surface Transportation Policy and Revenue Study Commission. Ms. Lloyd is a Board Member of the North Carolina Chamber of Commerce and serves on its Finance and Audit Committee. She is also a Member of the NC Chamber Infrastructure and Economic Development Policy Committee. Ms. Lloyd is a Board Member of Terra Nitrogen Company, L.P. and serves as the chair of its Audit Committee.
| Organization | Position | Status |
|---|---|---|
| Martin Marietta Materials, Inc. | Senior Vice President, Chief Financial Officer and Treasurer | Current |
| Martin Marietta Materials, Inc. | Treasurer | Current |
| Terra Nitrogen Company, L.P. | Board Member | Current |
| Ernst & Young | Former | |
| The University of North Carolina at Chapel Hill | Former |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Terra Nitrogen Company, L.P. | Board of Directors | Current |
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