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 growth-oriented company dedicated to the production of nitrogen fertilizers, crucial for serving the needs of a growing global population. The company primarily manufactures Urea Ammonium Nitrate (UAN) and ammonia, using state-of-the-art technologies. Its main manufacturing facility is located in Coffeyville, Kansas, where it operates the only plant in North America that uses a petroleum coke gasification process to produce hydrogen, a key component in its fertilizer production.
As a limited partnership formed by CVR Energy, Inc., CVR Partners focuses on producing high-quality fertilizer products while prioritizing unitholder value and maintaining safe and environmentally conscious operations. The company sells its products to both industrial and agricultural customers, with significant sales of UAN directed towards agricultural markets in states like Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas.
CVR Partners also owns and operates a nitrogen fertilizer manufacturing facility in East Dubuque, Illinois, which includes a 1,075 ton-per-day ammonia unit and a 950 ton-per-day UAN unit. The Coffeyville facility features a 1,300 ton-per-day ammonia unit, a 3,100 ton-per-day UAN unit, and a dual-train gasifier complex with an 89 million standard cubic feet per day hydrogen capacity.
The company has been actively engaging with investors and the public through regular updates. For instance, CVR Partners recently announced its third quarter 2023 earnings and has scheduled a conference call to discuss forward-looking information. These events are webcast live and accessible via the Investor Relations section of CVR Partners' website.
In addition to its robust manufacturing capabilities, CVR Partners stays updated with legislative changes. The company is currently monitoring the proposed H.R. 7024 legislation, which could potentially impact its taxable income for 2023. The 2023 K-1 tax packages are expected to be available by the end of March 2024, pending the legislative decisions.
Headquartered in Sugar Land, Texas, CVR Partners aims to continue its legacy of providing essential fertilizer products while ensuring operational excellence and environmental stewardship. For the latest updates, investors and analysts can access earnings releases and participate in earnings calls as detailed on the company's website.
CVR Partners (NYSE: UAN) reported third quarter 2024 financial results with net income of $4 million ($0.36 per unit) and EBITDA of $36 million on net sales of $125 million. The company achieved a 97% combined ammonia production rate, producing 212,000 tons of ammonia and 321,000 tons of UAN. Average realized gate prices improved year-over-year, with UAN up 3% to $229 per ton and ammonia up 9% to $399 per ton. The Board declared a cash distribution of $1.19 per common unit, payable on November 18, 2024.
CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, has announced its plans to release third quarter 2024 earnings results on Monday, Oct. 28, after the close of trading on the New York Stock Exchange. The company will also host a teleconference call on Tuesday, Oct. 29, at 11 a.m. Eastern to discuss these results. This announcement provides investors and analysts with important information about when to expect the company's financial performance update for the third quarter of 2024.
CVR Partners (NYSE: UAN) reported solid Q2 2024 results with net income of $26 million ($2.48 per unit) and EBITDA of $54 million on net sales of $133 million. This compares to net income of $60 million ($5.66 per unit) and EBITDA of $87 million on net sales of $183 million in Q2 2023. The company achieved a combined ammonia production rate of 102%, producing 221,000 tons of ammonia and 337,000 tons of UAN.
Despite weather interruptions, spring planting season saw higher-than-expected planted acreage and strong nitrogen fertilizer demand. Average realized gate prices decreased year-over-year, with UAN down 15% to $268 per ton and ammonia down 26% to $520 per ton. CVR Partners declared a Q2 2024 cash distribution of $1.90 per common unit, payable on August 19, 2024.
CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, has announced its plan to release second quarter 2024 earnings results on Monday, July 29, after the New York Stock Exchange closes. The company will also host a teleconference call on Tuesday, July 30, at 11 a.m. Eastern to discuss these results. This announcement provides investors and analysts with a clear timeline for accessing and analyzing CVR Partners' financial performance for Q2 2024.
CVR Partners (NYSE: UAN) announced that the 2023 Schedule K-3, which includes items of international tax relevance, is now available online. Investors, especially foreign unitholders, those computing a foreign tax credit, and certain corporate and partnership unitholders, may need this detailed information for their tax reporting requirements. Unitholders can access the Schedule K-3 at www.taxpackagesupport.com/cvrpartners. CVR Partners will not mail the Schedule K-3 to investors. Instead, unitholders can request an electronic copy via email by calling Tax Package Support at (833) 608-3508, Monday through Friday, from 8 a.m. to 5 p.m. Central Time.
CVR Partners, LP reported net income of $13 million, or $1.19 per common unit, on net sales of $128 million for the first quarter of 2024. EBITDA was $40 million. Although there was a decrease compared to the first quarter of 2023, the company highlighted solid operating results due to ammonia sales volumes driven by favorable weather conditions.
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