earnings
confidence high
sentiment positive
materiality 0.75
CVR Partners Q4 net income $95M ($9.02/unit), declares $10.50 distribution; FY2022 net income $287M
CVR PARTNERS, LP
2022-FY EPS reported
$27.07
revenue$835,584,000
- Q4 net income $95M ($9.02/unit) on sales $212M; EBITDA $122M vs $93M YoY.
- Full-year 2022 net income $287M ($27.07/unit) on sales $836M; EBITDA $403M vs $213M.
- Declared Q4 cash distribution $10.50/unit (cumulative 2022: $24.58/unit), payable Mar 13.
- Average realized gate prices: UAN $455/ton (+31% YoY), ammonia $967/ton (+30% YoY); combined ammonia utilization 96%.
- Repurchased 111,695 units at avg $110.98; redeemed $65M 9.25% notes; received $18M from Section 45Q tax credits.