CVR Partners Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong financial results with $180M in sales, $50M net income, and 103% ammonia utilization. Higher fertilizer prices, driven by Middle East conflicts, boosted margins, while capital projects and cash reserves support future growth.
Fiscal Year 2025
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Q4 2025 saw lower production and a net loss due to planned maintenance and startup issues, but strong fertilizer pricing and robust demand outlook support optimism for 2026. Liquidity remains solid, and capital projects are funded from reserves.
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Q3 2025 saw strong financial results with higher UAN and ammonia prices, robust distribution, and ongoing capital projects. Tight fertilizer inventories and favorable market conditions are expected to persist into 2026, despite geopolitical and supply risks.
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Q2 2025 saw strong financial results with $169M in net sales, $39M net income, and $67M EBITDA, driven by higher UAN and ammonia prices and volumes. Tight global supply and robust demand supported pricing, while capital projects and reliability upgrades are underway.
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Q1 2025 saw strong financial and operational results, with net sales of $143 million, net income of $27 million, and a $2.26 per unit distribution. Tight fertilizer inventories and robust demand support favorable pricing, while ongoing capital projects aim to boost reliability and production.
Fiscal Year 2024
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Fourth quarter 2024 saw strong operational and financial results, with net sales of $140 million, net income of $18 million, and a $1.75 per unit distribution. Market conditions remain tight, supporting higher fertilizer prices and robust demand for spring 2025.
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Q3 2024 saw $125M in net sales, $4M net income, and strong ammonia utilization at 97%. Higher ammonia and UAN prices, lower costs, and robust demand supported results, while capital projects and reserves focus on reliability and growth.
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Q2 2024 saw $133M in net sales, $26M net income, and $54M EBITDA, with strong ammonia plant utilization and a $1.90/unit distribution. Despite lower fertilizer prices year-over-year, demand remained robust, and capital projects are underway to boost reliability and flexibility.