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 announced strong financial results for Q4 and full-year 2021, achieving a net income of $61 million, or $5.76 per common unit, on net sales of $189 million. This marks a significant recovery from a net loss of $17 million in Q4 2020. The company reported a combined ammonia utilization rate of 92% and reduced its outstanding debt by $95 million. A fourth quarter cash distribution of $5.24 per unit was declared, resulting in total distributions of $9.89 for 2021. Average realized prices for UAN and ammonia improved by 150% and 179%, respectively.
CVR Partners, LP (NYSE: UAN) announced plans to release its fourth quarter and full-year 2021 earnings on February 22, 2022, before NYSE trading. A teleconference will follow at 11 a.m. Eastern to discuss these results, accessible via their website. The company is focused on the production and marketing of nitrogen fertilizer products, primarily urea ammonium nitrate and ammonia, used in agriculture to improve crop yield. The press release emphasizes the importance of their manufacturing capabilities and upcoming financial disclosures.
CVR Partners announced a full redemption of its outstanding 9.250% Senior Secured Notes due 2023 on February 22, 2022. The remaining balance of $65 million will be redeemed at par, including accrued interest. Wilmington Trust serves as the trustee and paying agent for this redemption. This strategic move indicates the company's commitment to managing its financial obligations effectively, potentially improving its balance sheet.
CVR Partners, LP (NYSE: UAN) announced a partial redemption of $15 million of its 9.250% Senior Secured Notes due 2023, to occur on December 22, 2021. The total outstanding amount of the 2023 Notes is $80 million as of September 30, 2021. The redemption will be conducted at par, alongside accrued interest. Wilmington Trust serves as trustee and paying agent for the notes. The announcement includes forward-looking statements, emphasizing the unpredictability of future performance amid various risks. Investors are encouraged to review risk factors detailed in recent SEC filings.
CVR Partners (UAN) reported a strong performance for Q3 2021, with a net income of $35 million ($3.28 per unit) on sales of $145 million, recovering from a $19 million loss in Q3 2020. EBITDA rose to $64 million compared to $15 million last year. The company experienced a 94% ammonia utilization rate and attributed its success to favorable crop conditions and global supply constraints. Average realized prices for UAN and ammonia increased by 118% and 110%, respectively. A cash distribution of $2.93 per unit was declared for Q3 2021, payable on November 22, 2021.
CVR Partners, LP (NYSE: UAN) will release its third quarter 2021 earnings on November 1, after market close. A teleconference to discuss the results is scheduled for November 2 at 11 a.m. Eastern, accessible via webcast. The company specializes in nitrogen fertilizer products, including ammonia and urea ammonium nitrate, aimed at enhancing crop yield and quality. Its manufacturing facilities are located in Coffeyville, Kansas and East Dubuque, Illinois, with significant production capacities.
CVR Partners, LP (NYSE: UAN) has appointed Dane Neumann as the new Executive Vice President and Chief Financial Officer as of October 6, 2021. Neumann previously served in interim roles since August 2021 and has been with the company since 2018, holding various financial positions. His expertise in the nitrogen fertilizer sector and financial planning are highlighted as instrumental for the company's future. CVR Partners focuses on producing nitrogen fertilizers, principally urea ammonium nitrate and ammonia, to enhance crop yields.
CVR Partners, LP (NYSE: UAN) announced a partial redemption of $15 million of its 9.250% Senior Secured Notes due 2023, set for September 23, 2021. As of June 30, 2021, $95 million in principal remained on the 2023 Notes. This redemption is a strategic move aimed at managing debt obligations. The company emphasizes its operational focus on nitrogen fertilizer products, primarily urea ammonium nitrate and ammonia, used for enhancing crop yield and quality.
CVR Partners, LP (NYSE: UAN) announced it will defer the turnaround at its Coffeyville nitrogen fertilizer facility from October 2021 to Q3 2022 due to rising COVID-19 cases and travel restrictions. The estimated turnaround costs of $8 million to $10 million will now occur in 2022, alongside a planned turnaround for the East Dubuque facility. CEO Mark Pytosh emphasized the safety of employees and the opportunity to capitalize on strong ammonia and UAN margins during this period. The company remains vigilant in monitoring market conditions.
CVR Partners, LP (NYSE: UAN) reported a net income of $7 million, or 66 cents per common unit, for Q2 2021, a turnaround from a net loss of $42 million in Q2 2020. The Q2 2021 net sales reached $138 million, up from $105 million a year prior, with EBITDA improving to $51 million from a $2 million loss. Ideal planting conditions and strong nitrogen fertilizer demand drove performance. A cash distribution of $1.72 per unit will be paid on August 23, 2021, marking the first distribution since Q4 2019. The average realized prices for UAN and ammonia rose significantly.
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