other material
confidence high
sentiment positive
materiality 0.60
CVR Partners defers Coffeyville turnaround to Q3 2022, sets CFO severance
CVR PARTNERS, LP
- Deferral of Coffeyville turnaround from Oct 2021 to Q3 2022 due to COVID-19 spike and travel quarantine list.
- Approximately $8M-$10M of turnaround expense shifted to 2022, in addition to planned 2022 East Dubuque turnaround.
- CFO Tracy Jackson receives severance: $189,000 plus three $200,000 installments through Aug 2024, subject to conditions.
- Management says deferral positions CVR to capitalize on strong ammonia and UAN margin environment.