secwatch.observer — SEC 8-K summary
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Issuer:     CVR PARTNERS, LP (UAN)
CIK:        0001425292
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001425292-21-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Partners swings to Q2 net income of $7M, resumes distribution at $1.72/unit
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- Net income of $7M ($0.66/unit) vs net loss of $42M in Q2 2020; EBITDA of $51M vs loss of $2M.
- Net sales rose 31% to $138M; average UAN price up 44% to $237/ton, ammonia up 21% to $403/ton.
- Declared Q2 2021 cash distribution of $1.72/unit, first since Q4 2019; payable Aug 23, record Aug 13.
- Issued $550M of 6.125% Senior Secured Notes due 2028; redeemed part of 9.25% notes, saving ~$17M/year in interest.
- Ammonia utilization rate 98%; combined production of 217K tons ammonia and 334K tons UAN.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425292/000142529221000041/0001425292-21-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425292/000142529221000041/cvi-20210802.htm
  HTML page:      https://secwatch.observer/filing/0001425292-21-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer