Increased Sales and Pricing
Net sales for the second quarter of 2025 were $169 million with UAN and ammonia prices increasing by 18% and 14% respectively compared to the prior year period, driven by strong demand and tight inventories.
Strong Financial Performance
Net income was $39 million, EBITDA was $67 million, and a distribution of $3.89 per common unit was declared.
Operational Improvements and Expansion
Ammonia plant utilization was at 91% with plans to further increase utilization rates and expand capacity by approximately 8% at the Coffeyville facility.
Strategic Projects and Future Growth
Projects to improve reliability and production rates, including DEF production and load-out capacity expansion, are underway. The company plans to utilize alternative feedstocks and expand ammonia capacity.
Leadership Transition
Mark Pytosh announced his upcoming role as CEO of CVR Energy in addition to his current position.