CVR Partners LP
NYSE:UAN
CVR Partners LP
CVR Partners LP is a holding company, which engages in the nitrogen fertilizer business. The company is headquartered in Sugar Land, Texas and currently employs 296 full-time employees. The company went IPO on 2011-04-08. The firm produces nitrogen fertilizer products at its two manufacturing facilities, Coffeyville, Kansas (the Coffeyville Facility) and East Dubuque, Illinois (the East Dubuque Facility). Its manufacturing facilities manufacture ammonia and other nitrogen fertilizer products, principally urea ammonium nitrate (UAN). The Coffeyville Facility uses a pet coke gasification process to produce nitrogen fertilizer and has a production capacity of approximately 89 million standard cubic feet per day of hydrogen, a 1,300 ton per day capacity ammonia unit, and a 3,000 ton per day capacity UAN unit. The East Dubuque Facility uses natural gas to produce nitrogen fertilizer and has a production capacity of approximately 1,075 ton per day capacity ammonia unit and a 1,100 ton per day capacity UAN unit. Its nitrogen fertilizer is used by farmers to improve the yield and quality of their crops, primarily corn and wheat.
CVR Partners LP is a holding company, which engages in the nitrogen fertilizer business. The company is headquartered in Sugar Land, Texas and currently employs 296 full-time employees. The company went IPO on 2011-04-08. The firm produces nitrogen fertilizer products at its two manufacturing facilities, Coffeyville, Kansas (the Coffeyville Facility) and East Dubuque, Illinois (the East Dubuque Facility). Its manufacturing facilities manufacture ammonia and other nitrogen fertilizer products, principally urea ammonium nitrate (UAN). The Coffeyville Facility uses a pet coke gasification process to produce nitrogen fertilizer and has a production capacity of approximately 89 million standard cubic feet per day of hydrogen, a 1,300 ton per day capacity ammonia unit, and a 3,000 ton per day capacity UAN unit. The East Dubuque Facility uses natural gas to produce nitrogen fertilizer and has a production capacity of approximately 1,075 ton per day capacity ammonia unit and a 1,100 ton per day capacity UAN unit. Its nitrogen fertilizer is used by farmers to improve the yield and quality of their crops, primarily corn and wheat.
Challenging Quarter: CVR Partners reported a net loss of $10 million and EBITDA of $20 million for Q4 2025 due to lower production from planned maintenance and startup issues.
Strong Market Prices: Despite volume challenges, nitrogen fertilizer prices remained robust, with UAN up 55% and ammonia up 32% versus last year.
Solid Full-Year Results: For 2025, the company posted net sales of $606 million, net income of $99 million, and EBITDA of $211 million.
Distribution Announced: The Board declared a Q4 distribution of $0.37 per common unit.
Production Setbacks Addressed: Management is actively working on improving reliability at Coffeyville after air separation unit issues, and expects high utilization in Q1 2026.
Positive Outlook: Demand for nitrogen fertilizers is expected to remain strong due to large corn acreage and tight global supply, with management expressing optimism for spring 2026.
Cost and Investment Guidance: Maintenance capital for 2026 is guided at $35–45 million, with growth capital at $25–30 million.
