secwatch.observer — SEC 8-K summary
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Issuer:     CVR PARTNERS, LP (UAN)
CIK:        0001425292
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001425292-22-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Partners Q1 net income $94M vs year-ago loss; declares $2.26 distribution
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- Net income $94M ($8.78/unit), net sales $223M; Q1 2021 net loss $25M ($2.37/unit) on sales $61M.
- EBITDA $123M vs $5M in Q1 2021; UAN realized price up 212% to $496/ton, ammonia up 252% to $1,055/ton.
- Redeemed remaining $65M of 9.25% Senior Secured Notes due 2023, achieving targeted debt reduction.
- Declared Q1 cash distribution of $2.26/unit, payable May 23, 2022 to holders of record May 13, 2022.
- Repurchased 111,695 common units for $12.4M at avg price $110.98/unit during quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425292/000142529222000012/0001425292-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425292/000142529222000012/cvi-20220502.htm
  HTML page:      https://secwatch.observer/filing/0001425292-22-000012

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