secwatch.observer — SEC 8-K summary
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Issuer:     CVR PARTNERS, LP (UAN)
CIK:        0001425292
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001425292-23-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425292/000142529223000021/0001425292-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425292/000142529223000021/cvi-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001425292-23-000021

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