Financial Performance: CVR Partners reported Q3 2025 net sales of $164 million, net income of $43 million, and EBITDA of $71 million, with a distribution of $4.02 per common unit. The ammonia plant utilization was at 95%, despite some downtime.
Market Outlook: The CEO highlighted strong demand and reduced supply leading to significant price increases for UAN and ammonia, with expectations for favorable market conditions to persist into 2026, although potential tariffs on Russian imports pose risks.
Operational Updates: The company is undergoing a turnaround at the Coffeyville facility and plans a 35-day turnaround at East Dubuque in Q3 2026, with projects aimed at increasing ammonia production capacity by up to 8%.
Analyst Sentiment: Analysts maintained a neutral to slightly positive tone, focusing on project timelines and market dynamics, while management expressed increased confidence in operational reliability and market conditions compared to the previous quarter.
CVR Partners, LP owns, operates and grows its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to improve the yield and quality of their crops, primarily corn and wheat. It produces these products at two manufacturing facilities, one located in Coffeyville, Kansas operated by its subsidiary, Coffeyville Resources Nitrogen Fertilizers, LLC, and one located in East Dubuque, Illinois operated by its subsidiary, East Dubuque Nitrogen Fertilizers, LLC. The facilities manufacture ammonia and can further upgrade such ammonia to other nitrogen fertilizer products, principally urea ammonium nitrate (UAN). Its products are sold on a wholesale basis in the United States of America. Coffeyville, Kansas, nitrogen fertilizer manufacturing facility includes a 1,300 ton-per-day ammonia unit, a 3,100 ton-per-day UAN unit and a dual-train gasifier complex with a capacity of 89 million standard cubic feet per day of hydrogen.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
