CF Industries reports Q2 EPS $6.10, consensus $6.71 Reports Q2 revenue $1.47B, consensus $1.34B. Results included $28.6M of non-cash pre-tax net mark-to-market losses on natural gas derivatives, $1.1M of pre-tax losses on foreign currency derivatives and $7M of expenses related to the capacity expansion projects. These items decreased after-tax earnings per diluted share by 35c. 1c and 9c, respectively. The results also included approximately $20M of idle plant costs associated with unscheduled downtime at the company’s Woodward, OK, nitrogen complex.
Entergy Louisiana to power expanded CF Industries facility Entergy Louisiana (ETR) has signed a five-year agreement to provide an additional 60MW of electricity to power CF Industries' (CF) expanding nitrogen facility in Donaldsonville. CF Industries is on track to complete by early 2016 an expansion that will increase its production capacity at the complex by over 40%. The agreement for the additional 60MW brings the total load at the plant under contract to Entergy Louisiana to 130MW.