CVR Partners Q2 net income doubles to $78M; declares $6.08/unit distribution

CVR PARTNERS, LP

Net income $78M ($7.33/unit) vs $39M ($3.67/unit) YoY; EBITDA $107M on net sales $202M.
Combined ammonia utilization 99%; production 214K tons ammonia, 342K tons UAN.
Average realized gate prices: ammonia $791/ton (+33% YoY), UAN $392/ton (+24% YoY).
Declared Q2 cash distribution $6.08/unit, payable Aug 17 to holders of record Aug 10.
Planned six-week turnaround at East Dubuque in August; brownfield ammonia expansion to increase capacity ~5%.

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