LSB Industries, Inc. headquartered in Oklahoma City says its Cherokee, Alabama operations are restarting after extremely cold weather resulted in a shutdown in late December.
The company indicated that the phased restart began on Saturday, January 14. The cold-weather shutdown will mean a big loss in revenue for LSB.
The company now expects fourth quarter 2022 Adjusted EBITDA to be in the range of approximately $100 million to $105 million, which includes the previously announced $5 million to $7 million impact to operating profit of the Cherokee outage coupled with the effects of declines in selling prices of ammonia and other nitrogen products that occurred during December.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas.