Welcome to our dedicated page for Cvr Partners Lp news (Ticker: UAN), a resource for investors and traders seeking the latest updates and insights on Cvr Partners Lp stock.
CVR Partners, LP (NYSE: UAN) is a Delaware limited partnership headquartered in Sugar Land, Texas and focused on the production, marketing and distribution of nitrogen fertilizer products. The partnership primarily produces ammonia and urea ammonium nitrate (UAN) solution fertilizers, which it states are predominantly used by farmers to improve crop yield and quality. News about UAN often centers on operating performance at its Coffeyville, Kansas and East Dubuque, Illinois nitrogen fertilizer facilities, as well as financial and distribution updates.
Visitors to this news page can review press releases and announcements where CVR Partners reports quarterly results, including net income, EBITDA, net sales and key operating data such as ammonia and UAN production volumes, utilization rates and realized product pricing. The partnership also issues news about cash distributions per common unit, reflecting its status as a variable distribution master limited partnership whose distributions can change from quarter to quarter based on operating performance, product pricing, capital expenditures and board decisions on cash reserves.
Another recurring news theme is capital spending and project activity. CVR Partners has announced preliminary capital spending estimates that distinguish between maintenance capital and growth capital. Growth projects described by the partnership include margin-improvement and debottlenecking initiatives at both plants, ammonia expansion and feedstock diversification at the Coffeyville facility, water quality upgrades at both facilities and expansion of diesel exhaust fluid (DEF) production and loadout capacity.
Investors and observers can use this news feed to follow how CVR Partners communicates about its nitrogen fertilizer operations, financial metrics, capital projects and distribution decisions over time, based on the partnership’s own press releases and related disclosures.
CVR Partners, LP (NYSE: UAN) will release its first quarter 2023 earnings results on May 1, post-market close. Following this, a teleconference will be held on May 2 at 11 a.m. Eastern for discussion and analysis of the results. The teleconference will include forward-looking information and can be accessed via the Investor Relations section of their website. Participants can dial in at (877) 407-8029. A recorded version will be available for 14 days following the call. CVR Partners primarily produces urea ammonium nitrate and ammonia fertilizers, crucial for enhancing agricultural yield. Their facilities in Kansas and Illinois feature substantial production capacity for nitrogen fertilizer products.
CVR Partners, LP (NYSE: UAN) filed its annual report on Form 10-K for the fiscal year ended December 31, 2022, with the SEC on February 22, 2023. The report is available for free on the CVR Partners website, and unitholders can request a hard copy, which includes complete audited financial statements. The company is focused on producing nitrogen fertilizer products, primarily urea ammonium nitrate and ammonia, to enhance crop yield and quality. Its manufacturing facilities in Coffeyville, Kansas, and East Dubuque, Illinois, have significant production capacities.
CVR Partners reported a robust fourth quarter of 2022, achieving a net income of $95 million or $9.02 per common unit on net sales of $212 million, significantly up from $61 million a year prior. The average realized gate prices for UAN and ammonia improved by 31% and 30%, respectively. For the full year, net income reached $287 million with EBITDA of $403 million. The partnership declared a cash distribution of $10.50 per common unit, totaling $24.58 for the year. Notably, production facilities have reached record monthly rates. Upfront proceeds of $18 million were secured for tax credits in January 2023.
CVR Partners, LP (NYSE: UAN) plans to release its Q4 and full-year 2022 earnings on February 21, 2023, post-market. A teleconference will follow on February 22 at 11 a.m. Eastern to discuss the results. Both the call and webcast will provide forward-looking information about the company. The earnings release will be available via GlobeNewswire and on CVR Partners' website.
About CVR Partners: The company specializes in nitrogen fertilizer production with significant manufacturing facilities in Kansas and Illinois. It mainly produces urea ammonium nitrate and ammonia, essential for crop yield improvement.
CVR Partners, LP (UAN) has announced a significant agreement with CapturePoint to participate in carbon capture and sequestration initiatives. Both companies received initial payments of approximately $18 million each, with potential future payments totaling up to $60 million based on performance milestones until March 31, 2030. The partnership aims to enhance the production of low carbon fertilizers and support environmental goals. This engagement positions CVR Partners favorably in a market increasingly focused on sustainability.
CVR Partners (NYSE: UAN) reported a net loss of $20 million or $1.87 per common unit for Q3 2022, down from a net income of $35 million or $3.28 per common unit in Q3 2021. Net sales rose to $156 million, up from $145 million year-over-year. EBITDA fell to $10 million from $64 million. Despite this, the company announced a cash distribution of $1.77 per common unit for Q3 2022, reflecting improved pricing for UAN and ammonia, which rose by 42% and 65% respectively. Production decreased due to planned turnarounds at its facilities.
CVR Partners, LP (NYSE: UAN) is set to announce its third quarter 2022 earnings on October 31, 2022, following the close of trading. A teleconference to discuss the results will take place on November 1, 2022, at 11 a.m. Eastern. The event will be available via webcast on the company’s investor relations page. CVR Partners produces ammonia and urea ammonium nitrate solutions, primarily for agricultural use, and operates two manufacturing facilities in Kansas and Illinois.
CVR Partners, LP (NYSE: UAN) announced the availability of 2021 Schedule K-3s, which are important for certain unitholders, particularly foreign investors and those calculating foreign tax credits. Unitholders can access the Schedule K-3 online at Tax Package Support's website. CVR Partners will not send physical copies of the Schedule K-3 by mail. Instead, unitholders can obtain an electronic copy by contacting Tax Package Support during business hours.
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