secwatch.observer — SEC 8-K summary
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Issuer:     CVR PARTNERS, LP (UAN)
CIK:        0001425292
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001425292-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425292/000142529224000002/0001425292-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425292/000142529224000002/cvi-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001425292-24-000002

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