UAN
CVR Partners, LP94.78
-0.78-0.82%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.00BP/E (TTM)
7.87Basic EPS (TTM)
12.04Dividend Yield
0.13%Recent Filings
8-K
Strong Q3 earnings, big distribution
CVR Partners posted Q3 2025 net income of $43 million, or $4.08 per common unit, on $164 million in net sales, up sharply from $4 million and $125 million a year earlier, fueled by 33% higher ammonia prices and 52% higher UAN prices amid strong fall demand. The partnership declared a $4.02 per common unit distribution, payable November 17, while maintaining 95% ammonia production utilization. Favorable markets boost cash generation, yet Q4 outlook tempers utilization to 80-85% due to planned turnarounds.
10-Q
Q2 FY2025 results
CVR Partners posted solid Q2 FY2025 results, with net sales climbing 27% y/y to $168.6M on stronger UAN and ammonia pricing amid tight inventories and higher corn planting, while gross margins held steady despite Q2 outages trimming utilization to 91% from 102%. Operating income rose 38% y/y to $46.3M, driving net income up 48% to $38.8M or $3.67 per diluted unit—reconciled against 10,570K shares with no anti-dilution flagged. Cash swelled to $114.4M on $79.5M operating inflows, yielding $63.9M free cash flow (derived) after $15.6M capex, against $570M in 6.125% notes due 2028 and $47.3M ABL availability. No M&A or impairments noted. Non-GAAP metrics not disclosed in the 10-Q. Geopolitical tensions could disrupt global fertilizer supply chains.
8-K
Q2 net income $39M, distribution $3.89
CVR Partners reported Q2 2025 net income of $39 million, or $3.67 per common unit, on net sales of $169 million, up from $26 million and $133 million a year earlier, fueled by 14% higher ammonia prices at $593 per ton and 18% higher UAN prices at $317 per ton despite a 91% utilization rate. The board declared a $3.89 per common unit distribution, payable August 18 to holders of record August 11, reflecting tight nitrogen fertilizer supply-demand balances. Production dipped to 197,000 tons of ammonia from 221,000 tons. Yet, EBITDA climbed to $67 million.
8-K
2025 Incentive Plan Approved
CVR Partners unitholders approved the 2025 Long-Term Incentive Plan on June 5, 2025, authorizing up to 550,000 units for employee awards like phantom units that vest over three years. The plan prohibits repricing and includes clawback provisions, aligning incentives with performance while curbing dilution. Awards vest no earlier than one year post-grant. Strong support—over 5.2 million votes for—signals confidence in retention strategy.
10-Q
Q1 FY2025 results
CVR Partners kicked off 2025 with solid momentum, posting net sales of $142.9 million for the quarter ended March 31, up 12% year-over-year from $127.7 million, fueled by higher UAN volumes and ammonia prices despite softer UAN pricing. Operating income climbed to $34.6 million from $20.1 million y/y, while diluted EPS rose to $2.56 from $1.19, reconciling neatly with 10,570 thousand weighted-average units and no anti-dilution flags. Gross margins held steady as lower pet coke costs offset rising natural gas expenses, with ammonia utilization hitting 101% versus 90% last year after dodging prior outages. Cash swelled to $121.8 million, bolstered by $55.4 million in operating cash flow, while $570 million in long-term debt (6.125% notes due 2028) remains manageable alongside a fully available $50 million ABL facility. Free cash flow stood at $45.5 million (derived). Yet commodity price swings pose ongoing risks.
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