8-K
filed February 20, 2024, 6:59 PM ET
ticker UAN
CIK 0001425292
earnings
confidence high
sentiment negative
materiality 0.75
CVR Partners Q4 net income drops 89% to $10M; declares $1.68/unit distribution
CVR PARTNERS, LP
2023-FY EPS reported
$16.31
revenue$681,477,000
- Q4 net income $10M ($0.94/unit) vs $95M ($9.02/unit) YoY; net sales $142M, down 33%.
- Q4 EBITDA $38M vs $122M; full-year 2023 EBITDA $281M vs $403M in 2022.
- Declared Q4 cash distribution of $1.68/unit, payable March 11, 2024; cumulative 2023 distributions $17.80/unit.
- Combined ammonia utilization rate 100% for full-year 2023; average realized UAN price fell 47% to $241/ton.
- Average realized ammonia price dropped 52% to $461/ton in Q4 vs prior-year quarter.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CVR PARTNERS, LP reported fourth quarter of 2023 results: revenue $142 million, net income $10 million, EPS 94 cents per common unit.
- Period
- fourth quarter of 2023
- Revenue
- $142 million
- Net income
- $10 million
- EPS
- 94 cents 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 $10 million, or 94 cents per common unit, on net sales of $142 million for the fourth quarter of 2023, compared to net income of $95 million, or $9.02 per common unit, on net sales of $212 million for the fourth quarter of 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CVR PARTNERS, LP reported full-year 2023 results: revenue $681 million, net income $172 million, EPS $16.31 per common unit.
- Period
- full-year 2023
- Revenue
- $681 million
- Net income
- $172 million
- EPS
- $16.31 per common unit
- Result
- reported results
Exact text from the filing
CVR Partners had net income of $172 million, or $16.31 per common unit, on net sales of $681 million for full-year 2023, compared to net income of $287 million, or $27.07 per common unit, on net sales of $836 million for full-year 2022.
View on SEC.gov
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