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CVR Partners ( (UAN) ) has provided an update.
CVR Partners reported its fourth quarter and full-year 2024 financial results, declaring a cash distribution of $1.75 per common unit for Q4 2024. The company achieved a combined ammonia utilization rate of 96% for the year and showed a net income of $18 million for Q4 2024, compared to $10 million in Q4 2023. Despite challenging weather conditions, nitrogen fertilizer demand remained strong, with higher prices in Q4 2024 compared to the previous quarter. The company plans to focus on high utilization of its plants and cash flow generation, amidst tight supply and demand conditions expected to continue into 2025.
More about CVR Partners
Headquartered in Sugar Land, Texas, CVR Partners, LP is a Delaware limited partnership focused on the production, marketing, and distribution of nitrogen fertilizer products. It primarily produces urea ammonium nitrate (UAN) and ammonia, which are predominantly used by farmers to improve the yield and quality of their crops.
YTD Price Performance: 0.49%
Average Trading Volume: 35,346
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $818.1M
See more insights into UAN stock on TipRanks’ Stock Analysis page.
