earnings
confidence high
sentiment positive
materiality 0.85
CVR Partners Q4 net income $61M vs. loss year ago; declares $5.24/unit distribution
CVR PARTNERS, LP
2021-FY EPS reported
$7.31
revenue$532,581,000
- Q4 2021 net income $61M ($5.76/unit) on sales $189M vs. net loss $17M ($-1.53) on sales $90M in Q4 2020.
- Full-year 2021 net income $78M ($7.31/unit) on sales $533M vs. net loss $98M ($-8.77) on sales $350M in 2020.
- Declared Q4 cash distribution of $5.24/common unit; cumulative 2021 distributions $9.89/unit (payable March 14, 2022).
- Reduced total debt by $95M in 2021, incl. redemption of remaining $65M 9.25% Senior Notes on Feb 22; expects $26M annual interest savings.
- Combined ammonia utilization 92% in 2021; UAN realized gate price up 150% YoY to $347/ton, ammonia up 179% to $745/ton.