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Strategies & Market Trends : Dividend investing for retirement
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To: E_K_S who wrote (31746)7/24/2019 10:24:15 PM
From: Elroy  Read Replies (1) of 34328
 
I find the math a bit tough.

Just a quick glance, total company revenues are up 48% over last year.

Ammonia sales price is up 31% over last year, while UAN sales price is up 14%.

Since that's all they sell, a bit tough to see how total revenues go up 48%,

I see - I guess they also produced more of both than last year.

Ammonia volume sold was up 9% over last year, and UAN volume sold was up 31%.

OK, so I guess this year is driven by BOTH production volume increases and price per unit increases. Sounds like a magical combination, but it makes me wonder what happened last year that production was so much lower? They sound like the Q2 production was about close to capacity, so the production volume shouldn't continue to increase, but the price is driven by the market, and who knows whether fertilizer is in high demand or excess supply? The vibe I get from the recent calls and what little info I have is that the trend is our friend in terms of pricing.....
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