Business Segments (Tables)

12 Months Ended

Dec. 31, 2025

The following table presents the operating results and capital expenditures information for the Nitrogen Fertilizer Segment:


	Year Ended December 31,
(in thousands)	2025		2024		2023
Net sales	$	606,038	$	525,324	$	681,477
Less:
Feedstocks	58,715		55,427		76,831
Distribution costs	49,304		49,898		52,036
Other costs of materials (1)	(1,276)		(1,184)		5,510
Cost of materials and other	106,743		104,141		134,377
Less:
Direct operating expenses (exclusive of depreciation and amortization and turnaround expenses)	237,336		213,736		233,138
Turnaround expenses	16,722		486		1,778
Depreciation and amortization	81,867		88,096		79,720
Selling, general and administrative expenses	33,594		28,414		29,523
Interest expense	35,837		34,044		34,317
Interest income	(5,492)		(4,217)		(5,664)
Other segment items (2)	769		(276)		1,855
Net income	$	98,662	$	60,900	$	172,433







Capital expenditures	$	56,923	$	37,063	$	29,081

(1)Other costs of materials includes inventory cost adjustments and lease expense.

(2)Other segment items includes (gain) loss on asset disposal, other (income) expense, and income tax expense.