Terra Nitrogen Company, L.P. reported the declaration of a cash distribution for the third quarter ended September 30, 2014, of $1.78 per common limited partnership unit payable November 28, 2014, to holders of record as of November 17, 2014.

The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company reported net earnings of $72.0 million on sales of $135.1 million compared to $72.7 million on sales of $128.4 million for the 2013 third quarter. Net income allocable to common units was $48.0 million or $2.60 per common unit and $46.6 million or $2.52 per common unit for the 2014 and 2013 third quarters, respectively. Earnings from operations were $72.0 million against $72.7 million a year ago. The increase in Net Sales were due to higher volume which was partially offset by lower average prices. The decrease in net earnings was primarily driven by lower average selling prices and higher natural gas costs, which were partially offset by higher volumes for the 2014 period as compared to 2013.

For nine months, the company reported net earnings of $275.0 million on net sales of $480.3 million. This compares to net earnings of $388.8 million on net sales of $567.9 million for the nine months of 2013. Net earnings allocable to common units were $166.8 million or $9.02 per common unit and $222.8 million or $12.04 per common unit for the first nine months of 2014 and 2013, respectively. Earnings from operations were $275.0 million against $388.8 million a year ago.

The company provided capital expenditures guidance for the full year of 2014. The company is expected to have capital expenditures in the range of $70 million to $80 million.