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Cvr Partners Lp Common Units R (UAN)
NYSE:UAN
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CVR Partners
(NYSE:UAN)
74Outperform
CVR Partners (UAN) vs. S&P 500 (SPY)
Market Cap
$838.59M
Dividend Yield8.52%
Average Volume (3M)32.41K
Price to Earnings (P/E)11.1
Beta (1Y)0.66
Revenue Growth-7.27%
EPS Growth-9.30%
CountryUS
Employees316
SectorBasic Materials
Sector Strength64
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)7.13
Shares Outstanding10,569,637
10 Day Avg. Volume23,393
30 Day Avg. Volume32,408
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.50
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.58
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
CVR Partners Business Overview & Revenue Model
Company DescriptionCVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company. CVR Partners, LP was incorporated in 2007 and is headquartered in Sugar Land, Texas.
How the Company Makes MoneyCVR Partners makes money primarily through the production and sale of nitrogen fertilizer products, including ammonia and urea ammonium nitrate (UAN) solutions. The company's revenue is generated by supplying these essential agricultural inputs to farmers, agricultural retailers, and distributors. The pricing of their products is influenced by factors such as natural gas prices, which are a key input cost, as well as market demand for agricultural products. Significant partnerships with agricultural distributors and retailers also play a role in the distribution and sales of their products, contributing to their earnings. Additionally, the company's revenue is impacted by seasonal planting cycles and the broader agricultural economy.
CVR Partners Financial Statement Overview
Summary
CVR Partners presents a mixed financial picture. The company faces revenue and profitability challenges, but operational efficiency is maintained. The balance sheet is strong, with no debt and significant cash reserves, providing stability. Cash flow remains positive, although it has decreased, pointing to effective cash management. Overall, while there are areas of concern, particularly in revenue and profit margins, the company remains financially stable.Income Statement
CVR Partners' income statement shows a decline in total revenue and profitability. The TTM (Trailing-Twelve-Months) gross profit margin is negative, indicating cost pressures. The net profit margin has decreased significantly compared to the previous year, highlighting reduced profitability. The company has shown negative revenue growth compared to 2023, but maintains a positive EBIT and EBITDA margin, suggesting operational efficiency despite revenue challenges.62
Positive
Balance Sheet
The balance sheet reflects a strong position with zero debt and a healthy cash balance, enhancing financial stability. The equity ratio is robust, indicating a solid capital structure. However, the decrease in stockholders' equity compared to previous years suggests potential challenges in equity retention or asset growth.70
Positive
Cash Flow
The cash flow statement is strong, with positive free cash flow in the TTM (Trailing-Twelve-Months), although it has decreased compared to the prior year. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to net income. The company effectively manages its capital expenditures to ensure positive free cash flow.75
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 525.32M | 681.48M | 835.58M | 532.58M | 349.95M | Gross Profit |
| 118.86M | 232.46M | 352.37M | 162.04M | 24.84M | EBIT |
| 90.35M | 201.41M | 239.15M | 66.66M | -69.25M | EBITDA |
| 178.90M | 281.10M | 403.16M | 212.67M | 41.35M | Net Income Common Stockholders |
| 60.90M | 172.43M | 286.80M | 78.16M | -98.18M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 90.86M | 45.28M | 86.34M | 112.52M | 30.56M | Total Assets |
| 1.02B | 975.33M | 1.10B | 1.13B | 1.03B | Total Debt |
| 572.89M | 550.48M | 549.73M | 610.64M | 639.49M | Net Debt |
| 482.04M | 505.20M | 463.39M | 498.13M | 608.93M | Total Liabilities |
| 725.65M | 672.45M | 688.59M | 784.86M | 718.64M | Stockholders Equity |
| 404.42M | 302.88M | 286.80M | 342.20M | 314.24M |
| Cash Flow | Free Cash Flow | |||
| 113.47M | 219.33M | 256.80M | 168.13M | 1.14M | Operating Cash Flow |
| 150.54M | 243.53M | 301.46M | 188.72M | 19.74M | Investing Cash Flow |
| -31.89M | -2.72M | -44.62M | -20.34M | -18.55M | Financing Cash Flow |
| -73.07M | -281.86M | -283.02M | -86.43M | -7.63M |
CVR Partners Technical Analysis
Positive
79.34
Price Trends
74.99
Positive
75.79
Positive
72.17
Positive
Market Momentum
1.45
Negative
63.68
Neutral
82.55
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UAN, the sentiment is Positive. The current price of 79.34 is above the 20-day moving average (MA) of 73.86, above the 50-day MA of 74.99, and above the 200-day MA of 72.17, indicating a bullish trend. The MACD of 1.45 indicates Negative momentum. The RSI at 63.68 is Neutral, neither overbought nor oversold. The STOCH value of 82.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UAN.
CVR Partners Risk Analysis
CVR Partners disclosed 48 risk factors in its most recent earnings report. CVR Partners reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CVR Partners Peers Comparison
Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $13.25B | 11.81 | 22.76% | 2.55% | -10.48% | -13.78% | |
74 Outperform | $838.59M | 11.12 | 25.16% | 8.52% | -7.27% | -9.30% | |
64 Neutral | $9.67B | 55.87 | 1.47% | 2.80% | -18.79% | -84.24% | |
60 Neutral | $5.24B | 15.46 | 8.78% | 6.03% | 1.45% | -70.85% | |
59 Neutral | $437.98M | ― | -36.73% | ― | -8.74% | -492.08% | |
50 Neutral | $3.07B | ― | 4.98% | 5.24% | 0.75% | ― | |
49 Neutral | $1.93B | -1.47 | -21.02% | 3.74% | 0.80% | -29.57% |
* Basic Materials Sector Average
Performance Comparison
UAN
CVR Partners
79.56
5.77
7.82%
CF
Cf Industries Holdings
80.60
8.34
11.54%
FMC
FMC
37.78
-21.35
-36.11%
IPI
Intrepid Potash
32.88
12.10
58.23%
MOS
Mosaic Co
30.51
2.73
9.83%
SMG
Scotts Miracle-Gro Company
54.50
-13.36
-19.69%
CVR Partners Earnings Call Summary
Earnings Call Date:Apr 28, 2025
(Q1-2025)
| % Change Since: -0.30%|
Next Earnings Date:Aug 04, 2025
Earnings Call Sentiment Positive
The earnings call highlights a strong financial performance with significant net sales, income, and high ammonia utilization, supported by favorable agricultural conditions. However, challenges such as declining UAN prices, increased operating expenses, and potential impacts of tariffs are noteworthy. Despite these challenges, the overall sentiment is positive due to the outweighing financial and operational strengths.Q1-2025 Updates
Positive Updates
Strong Financial Performance
Net sales of $143 million, net income of $27 million, and EBITDA of $53 million for the first quarter of 2025. A distribution of $2.26 per common unit was declared.
High Ammonia Utilization and Production
Consolidated ammonia plant utilization was at 101%, with combined ammonia production of 216,000 gross tons.
Increased Ammonia Prices
Ammonia prices increased by 5% from the prior year period.
Favorable Agricultural Conditions
USDA estimates suggest strong demand for nitrogen fertilizer with 95 million acres of corn and 83 million acres of soybeans to be planted in 2025.
Significant Liquidity Position
Total liquidity of $172 million, including $122 million in cash.
Negative Updates
UAN Price Decline
UAN prices declined by 4% due to some delayed shipments of 2024 fill season volumes.
Increased Operating Expenses
Direct operating expenses increased by approximately $1 million due to higher natural gas and electricity costs.
Potential Impact of Tariffs
Tariffs on both fertilizer and grains could impact domestic prices and farmer economics, with geopolitical risks also posing a threat.
Company Guidance
During the first quarter of 2025, CVR Partners reported net sales of $143 million, net income of $27 million, and EBITDA of $53 million. The Board of Directors declared a distribution of $2.26 per common unit, which will be paid on May 19th. The facilities achieved a consolidated ammonia plant utilization rate of 101%, producing 216,000 gross tons of ammonia and 348,000 tons of UAN. Sales included approximately 336,000 tons of UAN at an average price of $256 per ton and 60,000 tons of ammonia at an average price of $554 per ton. Total liquidity at the end of the quarter was $172 million, comprising $122 million in cash and $50 million available under the ABL facility. Looking forward, the company anticipates an ammonia utilization rate of 93% to 97% and direct operating expenses between $57 million and $62 million in the second quarter. Total capital spending for 2025 is estimated to range from $50 million to $60 million, primarily for maintenance. Additionally, the USDA projects corn plantings at 95 million acres and soybean plantings at 83 million acres for the spring, supporting strong demand for nitrogen fertilizer.CVR Partners Corporate Events
DividendsFinancial Disclosures
CVR Partners Reports Strong Q1 2025 Performance
Positive
Apr 28, 2025
CVR Partners reported a strong performance in the first quarter of 2025 with a net income of $27 million, or $2.56 per common unit, and EBITDA of $53 million on net sales of $143 million. This marks an improvement from the first quarter of 2024, where the net income was $13 million. The company declared a cash distribution of $2.26 per common unit, reflecting its focus on high plant utilization and cash flow generation amid tight supply and demand balances for nitrogen fertilizer products.
Spark’s Take on UAN Stock
According to Spark, TipRanks’ AI Analyst, UAN is a Outperform.
CVR Partners scores moderately well with strong valuation and a high dividend yield. Financial stability is supported by operational efficiency, zero debt, and positive cash flow, despite revenue and margin pressures. Technical indicators suggest caution, while the earnings call highlights strategic strengths and market opportunities, balancing some operational challenges.
To see Spark’s full report on UAN stock, click here.
DividendsBusiness Operations and StrategyFinancial Disclosures
CVR Partners Announces Q4 2024 Financial Results
Positive
Feb 18, 2025
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.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.