CVR Partners Reports Strong Q1 2025 Earnings

CVR Partners LP ( (UAN) ) has released its Q1 earnings. Here is a breakdown of the information CVR Partners LP presented to its investors.

CVR Partners, LP, headquartered in Sugar Land, Texas, is a Delaware limited partnership that specializes in the production, marketing, and distribution of nitrogen fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia, which are essential for enhancing crop yield and quality.

In its first quarter of 2025, CVR Partners reported a net income of $27 million, translating to $2.56 per common unit, and an EBITDA of $53 million on net sales of $143 million. This marks a significant improvement from the first quarter of 2024, where the net income was $13 million, or $1.19 per common unit, and EBITDA was $40 million on net sales of $128 million.

Key financial highlights include a 101% ammonia production rate, contributing to the production of 216,000 tons of ammonia and 348,000 tons of UAN. The average realized gate prices for ammonia increased by 5% to $554 per ton, while UAN prices decreased by 4% to $256 per ton compared to the previous year. The company also declared a cash distribution of $2.26 per common unit for the first quarter of 2025.

Looking ahead, CVR Partners is focused on maintaining high plant utilization and generating free cash flow. The company remains optimistic about the tight supply and demand dynamics for nitrogen fertilizer products and the potential for continued price increases as the spring planting season progresses.