secwatch.observer — SEC 8-K summary
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Issuer:     CVR PARTNERS, LP (UAN)
CIK:        0001425292
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001425292-21-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Partners reports Q3 2021 net income of $35M; declares $2.93 distribution
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- Net income of $35M ($3.28/unit) vs net loss of $19M (-$1.70) in Q3 2020. Net sales $145M, up 84% YoY.
- EBITDA of $64M vs $15M; ammonia utilization rate 94%. Avg realized UAN price $305/ton (+118%), ammonia $507/ton (+110%).
- Declared Q3 2021 cash distribution of $2.93/unit, payable Nov 22 to holders of record Nov 12.
- Produced 205k tons ammonia, 314k tons UAN. Redeemed $15M of 9.25% Senior Secured Notes due 2023.
- Entered new $35M ABL Credit Facility maturing Sep 2024. Unit repurchase authority remaining $12.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425292/000142529221000067/0001425292-21-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425292/000142529221000067/cvi-20211101.htm
  HTML page:      https://secwatch.observer/filing/0001425292-21-000067

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