CVR Partners reports Q3 net loss of $20M; declares $1.77/unit distribution

CVR PARTNERS, LP

2022-Q3 EPS reported $18.06 revenue$623,352,000

Net loss of $20M ($1.87/unit) on net sales of $156M vs net income of $35M ($3.28/unit) on $145M in Q3 2021.
EBITDA was $10M vs $64M a year ago; turnaround maintenance at both plants reduced production.
Declared Q3 cash distribution of $1.77/unit, payable Nov 21, 2022 to unitholders of record Nov 14.
Average realized gate prices: UAN $433/ton (+42% YoY), ammonia $837/ton (+65% YoY).
Ammonia production fell to 114K tons; UAN production dropped to 184K tons due to planned turnarounds.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CVR PARTNERS, LP reported the third quarter of 2022 results: revenue $156 million, net income $20 million, EPS $1.87 per common unit.

Period: the third quarter of 2022
Revenue: $156 million
Net income: $20 million
EPS: $1.87 per common unit
Result: reported results

Exact text from the filing

today announced a net loss of $20 million, or $1.87 per common unit, on net sales of $156 million for the third quarter of 2022

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Source: SEC EDGAR

accession 0001425292-22-000031

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