---
schema_version: "secwatch.filing_event.v1"
accession: "0001425292-24-000002"
form_type: "8-K"
ticker: "UAN"
cik: "0001425292"
company_name: "CVR PARTNERS, LP"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:58:38.244698+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CVR Partners Q4 net income drops 89% to $10M; declares $1.68/unit distribution

## Summary
- 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.

## SEC filing metadata
- accession: 0001425292-24-000002
- form_type: 8-K
- ticker: UAN
- cik: 0001425292
- company_name: CVR PARTNERS, LP
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425292/000142529224000002/0001425292-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425292/000142529224000002/cvi-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001425292-24-000002
- JSON: https://secwatch.observer/filing/0001425292-24-000002.json
- Plain text: https://secwatch.observer/filing/0001425292-24-000002.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425292/000142529224000002/0001425292-24-000002-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425292/000142529224000002/0001425292-24-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.