CVR Partners Q1 net income $13M vs $102M YoY; declares $1.92 distribution

CVR PARTNERS, LP

2024-Q1 EPS reported $1.19 revenue$127,665,000

Q1 net sales $128M, down 43% from $226M in Q1 2023; EBITDA $40M vs $124M.
Average realized gate prices: UAN $267/ton (-42% YoY), ammonia $528/ton (-41% YoY).
Combined ammonia production rate 90%; Coffeyville facility had 14-day planned outage.
Cash distribution declared $1.92 per common unit, payable May 20 to record May 13.
Net income per common unit $1.19 (diluted) vs $9.64 in Q1 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CVR PARTNERS, LP reported the first quarter of 2024 results: revenue $128 million, net income $13 million, EPS $1.19 per common unit.

Period: the first quarter of 2024
Revenue: $128 million
Net income: $13 million
EPS: $1.19 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 $13 million, or $1.19 per common unit, on net sales of $128 million for the first quarter of 2024, compared to net income of $102 million, or $9.64 per common unit, on net sales of $226 million for the first quarter of 2023.

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Source: SEC EDGAR

accession 0001425292-24-000006

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