Question-and-Answer Session
Operator
(Operator Instructions) The first question comes from the line of John Walker – Private Investor.
John Walker – Private Investor
I just want to say that I have been a shareholder of this company for a little over five years, closer to six actually, and I know that I am responsible for bringing in lots of other guys and together we have millions of shares and this is one of the best conference calls I have heard in a very long time. I just want to give you an ?atta boy.? Nothing else.
Hunt Ramsbottom
We appreciate it. Thank you very much.
Operator
The next question comes from the line of Julie Coutou – Simmons and Company.
Julie Coutou – Simmons and Company
Just starting off I am just wondering if there is anything specific in the fourth quarter you see that could impact your ability to hit your new full-year guidance?
Hunt Ramsbottom
No, we are very comfortable with that guidance. As you can imagine, we like to give guidance in round numbers and we like to give guidance we think we can beat. The words ?greater than? in that guidance are important. We expect REMC EMBITDA to be greater than $65 million and we expect consolidated EBITDA to be greater than $25 million and we expect net income to be positive for the year.
Julie Coutou – Simmons and Company
Next question, with the higher pricing we saw this quarter on your ammonia and UAM shipments you just mentioned, I am just wondering if you can speak a little bit about what you are seeing out there on your pre-sale contracts for Q4 and looking into 2010?
Hunt Ramsbottom
It is really early so it is pretty hard to draw any conclusions at this point on the pre-sales and looking out into 2010. For pre-sales for this fall prices are clearly lower than they were last year. You are going to see ammonia prices and product prices for delivery this fall lower than the numbers we just showed you because remember those tons were sold in an extremely strong market last year. Of course, we are seeing benefit from lower natural gas prices so to a great extent the lower natural gas prices help us maintain margins even though prices are lower.
Operator
The next question comes from the line of Robert [Corsiva] – [Partners].
Robert [Corsiva] – [Partners]
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