earnings
confidence high
sentiment negative
materiality 0.70
CVR Partners Q2 net income falls 57% YoY to $26M; declares $1.90/unit distribution
CVR PARTNERS, LP
2024-Q2 EPS reported
$3.67
revenue$260,565,000
- Net income $26M ($2.48/unit) vs $60M ($5.66) in Q2 2023; EBITDA $54M vs $87M.
- Net sales $133M, down from $183M; UAN price down 15% to $268/ton, ammonia down 26% to $520/ton.
- Declared Q2 cash distribution of $1.90/unit, payable Aug 19 to holders of record Aug 12.
- Ammonia production 221K tons (102% utilization), UAN production 337K tons, consistent YoY.