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CVR Partners, LP 10-Q Filings

UAN NYSE

Every 10-Q that CVR Partners, LP (UAN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow UAN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UAN filings page.

Rhea-AI Summary

CVR Partners, LP reported strong Q2 2026 results, with net sales of $202.2 million and net income of $77.5 million, up sharply from $168.6 million and $38.8 million a year earlier. Earnings were $7.33 per common unit, and EBITDA reached $107.1 million, driven mainly by higher ammonia and UAN prices and improved ammonia utilization of 99% versus 91%.

For the first half of 2026, net sales were $382.2 million and net income $127.4 million. Operating cash flow rose to $141.7 million, lifting cash to $137.5 million and total liquidity to $187.5 million, alongside $550 million of 6.125% senior secured notes. Available cash for distribution for Q2 was $64.2 million, supporting a $6.08 per-unit distribution payable in August, following a $4.00 per-unit payout for Q1.

The partnership is investing heavily, with $31.1 million of capex in the first half and 2026 capital spending guided to $85–95 million, including a $35–40 million turnaround at East Dubuque in August. Key initiatives include debottlenecking projects, a planned dual-feed (pet coke and natural gas) capability at Coffeyville, and a blue-ammonia certification that may enhance marketing. Management highlights supportive fertilizer pricing but notes exposure to geopolitical, regulatory, climate, and litigation risks, as well as obligations under its 45Q carbon capture joint venture.

Rhea-AI Summary

CVR Partners reported a much stronger first quarter of 2026, driven by higher fertilizer prices and solid plant utilization. Net sales were $180.0 million, up from $142.9 million a year earlier, as ammonia and UAN prices and ammonia volumes increased despite slightly lower UAN volumes.

Net income nearly doubled to $49.9 million from $27.1 million, and EBITDA rose to $77.7 million from $52.9 million as tighter global supply, higher corn acreage and geopolitical disruptions supported pricing. Ammonia utilization reached 103% of capacity and cash from operations climbed to $75.8 million.

Cash and cash equivalents increased to $128.1 million, with total liquidity of $178.1 million against $550 million of 6.125% senior secured notes due 2028. The partnership declared a $4.00 per‑unit distribution for Q1 2026 (about $42.3 million) and plans $60–75 million of 2026 capital spending, including a major East Dubuque turnaround.

Rhea-AI Summary

CVR Partners (UAN) reported stronger Q3 2025 results. Net sales were $163.5 million versus $125.2 million a year ago, with operating income up to $50.6 million from $11.0 million. Net income rose to $43.1 million, or $4.08 per common unit, from $3.8 million, or $0.36. Management cited higher UAN and ammonia pricing as the primary driver, partially offset by lower volumes due to tight inventories. Ammonia utilization was 95% versus 97% in Q3 2024.

For the nine months, net sales reached $475.0 million (from $385.8 million) and net income was $108.9 million (from $42.6 million). Cash was $156.2 million at September 30, 2025, with $50.0 million available under the ABL, bringing total liquidity to $206.2 million. Long‑term debt includes $550.0 million of 6.125% senior secured notes due June 2028. The Board declared a Q3 2025 distribution of $4.02 per common unit, payable on November 17, 2025 to holders of record on November 10, 2025. There were 10,569,637 common units outstanding as of October 24, 2025.