CVR PARTNERS (UAN) Company Report

CVR Partners reported net sales of $164 million, net income of $43 million, and EBITDA of $71 million for Q3 2025, with a declared distribution of $4.02 per common unit.
Consolidated ammonia plant utilization was 95% in Q3 2025, with UAN sales of 328,000 tons at an average price of $348 per ton and ammonia sales of 48,000 tons at an average price of $531 per ton.
For Q4 2025, the company estimates ammonia utilization between 80% and 85% due to a planned turnaround at the Coffeyville facility, with total capital spending projected to be between $30 million and $35 million.
The company is progressing with a project at its Coffeyville facility to utilize natural gas and additional hydrogen, which could expand ammonia production capacity by up to 8%.
Management expects tight nitrogen fertilizer inventory levels and supportive higher prices to persist into the spring of 2026, with Q4 pricing anticipated to be higher than Q3.

Oct 30, 2025, 3:00 PM

CVR Partners Reports Strong Third Quarter 2025 Results

UAN

Earnings

Dividends

Guidance Update

CVR Partners reported net income of $43 million, EBITDA of $71 million, and net sales of $164 million for the third quarter of 2025, significantly up from $4 million, $36 million, and $125 million, respectively, in Q3 2024. Basic and diluted earnings per common unit were $4.08 for Q3 2025, compared to $0.36 in Q3 2024.
The company announced a cash distribution of $4.02 per common unit for Q3 2025. Operations were strong with a combined ammonia production rate of 95 percent, and average realized gate prices for ammonia and UAN increased by 33 percent to $531 per ton and 52 percent to $348 per ton, respectively, over the prior year.
For Q4 2025, CVR Partners anticipates an ammonia utilization rate between 80% and 85%, direct operating expenses between $58 million and $63 million, and total capital expenditures between $30 million and $35 million.

Oct 29, 2025, 8:24 PM

CVR Partners Reports Strong Third Quarter 2025 Results

UAN

Earnings

Dividends

Guidance Update

CVR Partners reported strong financial performance for the third quarter of 2025, with net income of $43 million (or $4.08 per common unit), EBITDA of $71 million, and net sales of $164 million. This represents a significant increase from Q3 2024, which had net income of $4 million, EBITDA of $36 million, and net sales of $125 million.
The company declared a cash distribution of $4.02 per common unit for the third quarter of 2025, to be paid on November 17, 2025.
Operational highlights included a combined ammonia production rate of 95 percent, and average realized gate prices for ammonia and UAN increased by 33 percent to $531 per ton and 52 percent to $348 per ton, respectively, over the prior year.
For the fourth quarter of 2025, CVR Partners anticipates an ammonia utilization rate between 80% and 85% and total capital expenditures between $30 million and $35 million.