Cvr Partners Lp Stock Price, News & Analysis

CVR Partners, LP (NYSE: UAN) reported a net loss of $25 million ($2.37 per unit) for Q1 2021, a drop from a $21 million loss a year prior on $61 million sales, down from $75 million. EBITDA decreased to $5 million from $11 million. The winter storm Uri impacted shipments, yet the Coffeyville facility maintained operations. Average UAN prices fell 4% to $159 per ton, while ammonia rose 14% to $300 per ton. The partnership initiated a $10 million unit repurchase program and will not distribute cash for Q1 2021, with future distributions dependent on operational performance.

CVR Partners, LP (UAN) plans to release its first quarter 2021 earnings results on May 3, 2021, after market close. The company will host a teleconference on May 4 at 11 a.m. Eastern to discuss these results, which will include forward-looking information. Investors can access the call via the company’s website or by dialing (877) 407-8029. The news release will be distributed via GlobeNewswire and posted on the company’s website.

CVR Partners, LP (NYSE: UAN) has filed its annual report on Form 10-K for the fiscal year ended December 31, 2020, with the SEC, highlighting its operations in manufacturing ammonia and urea ammonium nitrate fertilizers. The 10-K report is accessible via the Investor Relations section on their website, and unitholders can request a hard copy that includes audited financial statements. The company operates two nitrogen fertilizer manufacturing facilities in Kansas and Illinois, essential for agricultural yield enhancement.

CVR Partners, LP (NYSE: UAN) reported a net loss of $17 million for Q4 2020, improving from a $25 million loss a year prior, on net sales of $90 million. The company achieved record ammonia production of 852,000 tons in 2020, with a utilization rate of 95%. Despite negative pricing trends, with UAN prices down 21% to $139 per ton, demand is expected to rise as corn and soybean prices have increased by 75% since July 2020. No cash distribution will be paid for Q4 2020. The Board approved an additional $10 million for unit repurchases.

CVR Partners, LP (NYSE: UAN) will release its fourth quarter and full-year 2020 earnings results on February 22, after market close. A teleconference will follow on February 23 at 11 a.m. Eastern to discuss the results. Investors can access the live webcast via the company’s Investor Relations website. CVR Partners specializes in nitrogen fertilizer products, primarily focusing on urea ammonium nitrate (UAN) and ammonia. Its production facilities in Coffeyville, Kansas, and East Dubuque, Illinois, support significant output capabilities.

CVR Partners, LP (NYSE: UAN) will present at the Bank of America 2020 Leveraged Finance Virtual Conference on Dec. 1 at 1:30 p.m. Eastern. The presentation will be available via a live webcast on CVR Partners’ Investor Relations page, with an archive accessible for 90 days. CVR Partners specializes in nitrogen fertilizer production, notably urea ammonium nitrate (UAN) and ammonia, aiding farmers in crop yield improvement. Their facilities in Coffeyville, Kansas, and East Dubuque, Illinois, have significant production capacities.

CVR Partners, LP (NYSE: UAN) reported a net loss of $19 million for Q3 2020, down from a $23 million loss in Q3 2019, amidst net sales of $79 million. EBITDA rose to $15 million, compared to $11 million in the prior year. The company achieved strong production with a 98% ammonia utilization rate. However, average realized prices for UAN and ammonia decreased by 23% and 28%, respectively. A 1-for-10 reverse stock split has been approved to regain NYSE compliance by January 1, 2021. No cash distribution will be paid for Q3 2020.

CVR Partners, LP (NYSE: UAN) announced its plans to release its third quarter 2020 results on November 2 after market close. A teleconference to discuss these results is scheduled for November 3 at 11 a.m. Eastern Time. The webcast of the call will be accessible on the company’s Investor Relations webpage. The third quarter earnings release will be distributed via GlobeNewswire and available on the company website.

CVR Partners, LP (NYSE: UAN) has initiated its first carbon offset credits from nitrous oxide (N₂O) abatement at its Coffeyville, Kansas plant. This project is designed to cut N₂O emissions by 94%, preventing approximately 450,000 metric tons of CO₂e annually. In combination with efforts from its East Dubuque facility, the company aims to abate over 1 million metric tons of CO₂e each year. The project is registered with the Climate Action Reserve, showcasing the company’s commitment to environmentally friendly nitrogen fertilizer production.