secwatch.observer — SEC 8-K summary
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Issuer:     CVR PARTNERS, LP (UAN)
CIK:        0001425292
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001425292-22-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Partners Q4 net income $61M vs. loss year ago; declares $5.24/unit distribution
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425292/000142529222000006/0001425292-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425292/000142529222000006/cvi-20220222.htm
  HTML page:      https://secwatch.observer/filing/0001425292-22-000006

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