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) 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.
CVR Partners reported a strong financial performance for Q2 2022, achieving a net income of $118 million or $11.12 per common unit, compared to $7 million or 66 cents per common unit in Q2 2021. Net sales surged to $244 million from $138 million year-over-year. EBITDA also rose significantly to $147 million, up from $51 million. The company announced a cash distribution of $10.05 per common unit, expected to be paid on August 22, 2022. The rise in fertilizer prices is driven by ongoing global supply constraints.
CVR Partners, LP (NYSE: UAN) announced it will release its second quarter 2022 earnings results on August 1, after trading concludes on the New York Stock Exchange. A teleconference will follow on August 2 at 11 a.m. Eastern to discuss these results. Investors can access the call via the company's website or by dialing in. The earnings report will also be distributed via GlobeNewswire and available on CVR Partners' investor relations site. The company focuses on manufacturing ammonia and urea ammonium nitrate fertilizer products.
CVR Partners, LP (NYSE: UAN) reported a strong first quarter of 2022 with a net income of $94 million ($8.78 per common unit) on net sales of $223 million, a significant turnaround from a net loss of $25 million in Q1 2021. EBITDA surged to $123 million from just $5 million in the prior year. The Partnership achieved targeted debt reduction by redeeming $65 million of high-interest notes and has returned $3.43 per common unit to unitholders through unit repurchases and declared cash distributions. Average realized prices for UAN and ammonia rose 212% and 252%, respectively, fueling production growth.
CVR Partners, LP (NYSE: UAN) plans to release its Q1 2022 earnings on May 2, after trading hours. A teleconference is scheduled for May 3 at 11 a.m. Eastern to discuss the results, which will contain forward-looking information. The earnings release will be available on the company's website and via GlobeNewswire. CVR Partners specializes in nitrogen fertilizer products such as urea ammonium nitrate and ammonia, serving farmers to enhance crop yield and quality.
CVR Partners, LP (NYSE: UAN) has filed its annual report on Form 10-K for the fiscal year ended December 31, 2021, with the SEC. The report, detailing the company's financial performance, is accessible for free via the Investor Relations section on the CVR Partners website. Unitholders can also request a hard copy of the report, including audited financial statements. CVR Partners focuses on nitrogen fertilizer production, operating a facility in Coffeyville, Kansas, with significant ammonia and UAN production capacity.
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