Release Date: April 29, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Can you discuss the expected utilization rates for 2025 and the reasons for any changes from the first quarter? A: The expected utilization rates for 2025 are between 93% and 97% due to planned downtime at the East Dubuque facility for installing a new control system in the reformer. This is part of ongoing reliability projects to enhance plant performance. - Mark Pytosh, CEO
Q: What is the status of the growth projects and how will they impact ammonia production? A: The growth projects aim to reduce downtime and potentially expand nameplate capacity at both facilities, which should increase production by several percentage points over the next 2 to 3 years. - Mark Pytosh, CEO
Q: Can you provide a cost estimate for the natural gas or pet coke project at Coffeyville? A: The project is estimated to cost in the low double-digit millions. The technical feasibility of introducing natural gas to the gasification complex has been confirmed, and additional hydrogen sources are being explored to potentially increase production capacity. - Mark Pytosh, CEO
Q: Will there be additional reserves for future operating needs, particularly related to the 2021 storm and nitrogen fertilizer seasonality? A: Additional reserves are being set aside for growth projects to ensure cash availability for future capital expenditures, particularly during turnarounds and heavier CapEx periods. - Dane Neumann, CFO
Q: How do you anticipate UAN pricing trends in the second quarter of 2025? A: UAN prices are expected to be more robust in the second quarter, reflecting current market conditions. Prices have escalated since December, and the second quarter will reflect these higher prices. - Mark Pytosh, CEO
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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