CVR Partners Q2 net income $60M ($5.66/unit) vs $118M Y/Y; declares $4.14/unit distribution

CVR PARTNERS, LP

2023-Q2 EPS reported $15.30 revenue$409,266,000

Net income of $60M ($5.66 per unit) versus $118M ($11.12 per unit) a year ago; net sales fell to $183M from $244M.
EBITDA was $87M, down 41% from $147M in Q2 2022, driven by lower fertilizer pricing.
Average realized gate price for UAN fell 43% to $316/ton; ammonia price fell 40% to $707/ton.
Combined ammonia production of 219K tons at 100% utilization; UAN output was 339K tons.
Board declared Q2 cash distribution of $4.14 per common unit, payable Aug 21 to holders of record Aug 14.

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 second quarter of 2023 results: revenue $183 million, net income $60 million, EPS $5.66 per common unit.

Period: the second quarter of 2023
Revenue: $183 million
Net income: $60 million
EPS: $5.66 per common unit
Result: reported results

Exact text from the filing

CVR Partners, LP (“CVR Partners” or the “Partnership”) (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (“UAN”) solution fertilizer products, today announced net income of $60 million, or $5.66 per common unit, on net sales of $183 million for the second quarter of 2023

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Source: SEC EDGAR

accession 0001425292-23-000021

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