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, 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.
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