CVR Partners (NYSE:UAN) Posts Quarterly Earnings Results, Misses Expectations By $2.64 EPS

CVR Partners (NYSE:UAN) announced its earnings results on Tuesday. The basic materials company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($2.64), Zacks reports. The firm had revenue of $146.15 million during the quarter, compared to analyst estimates of $165.40 million. CVR Partners had a net margin of 23.67% and a return on equity of 51.56%.

Here are the key takeaways from CVR Partners’ conference call:

• Third-quarter results weakened year over year, with an $11 million net loss and $20 million of EBITDA, as the East Dubuque turnaround, lower UAN prices, and slightly reduced sales volumes offset higher ammonia pricing.
• Fertilizer markets improved after the summer reset, with ammonia and UAN prices rising, tight local supply, and a solid order book extending through the fourth quarter and into early 2027.
• East Dubuque’s turnaround was completed in October, and fourth-quarter ammonia utilization is expected to increase to 88%–93%; management is targeting utilization above 95% of nameplate capacity outside of turnarounds.
• The company completed East Dubuque capacity and water-quality projects and is evaluating a Coffeyville feedstock-flexibility project that could allow the facility to optimize between natural gas and third-party pet coke.
• The board declared a $1.79-per-unit distribution, but CVR Partners expects to retain higher cash balances for capital projects and may continue reserving capital, underscoring that future distributions will remain variable.

CVR Partners Trading Down 2.2%

Shares of NYSE UAN traded down $2.59 during midday trading on Wednesday, reaching $116.03. 27,236 shares of the stock were exchanged, compared to its average volume of 54,078. The company has a market capitalization of $1.23 billion, a P/E ratio of 7.66 and a beta of 0.21. The company has a current ratio of 3.01, a quick ratio of 2.11 and a debt-to-equity ratio of 1.64. CVR Partners has a 52-week low of $93.43 and a 52-week high of $139.50. The stock has a 50 day moving average price of $127.80 and a 200-day moving average price of $121.61.

CVR Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 16th will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a decrease from CVR Partners’s previous quarterly dividend of $6.08. This represents a $7.16 dividend on an annualized basis and a dividend yield of 6.2%. CVR Partners’s dividend payout ratio is 160.42%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Freedom Broker assumed coverage on shares of CVR Partners in a research note on Tuesday, October 27th. They issued a “hold” rating and a $124.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of CVR Partners in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

CVR Partners News Roundup

Here are the key news stories impacting CVR Partners this week:

• Neutral Sentiment: CVR Partners expects ammonia utilization of 88%–93% in Q4 2026 and plans $95 million–$104 million in capital expenditures for 2026. The utilization forecast offers a view of expected plant operations, while the sizable investment plan may weigh on cash available for distributions. Article
• Negative Sentiment: Third-quarter results fell well short of expectations: UAN reported a net loss of $11 million, or $1.02 per unit, versus consensus earnings of $1.62 per unit. Revenue was $146 million, below the $165.4 million estimate; compared with Q3 2025, net income and EBITDA also declined substantially. Article
• Negative Sentiment: The partnership declared a quarterly distribution of $1.79 per unit, down 70.6% from $6.08 previously. Though the new distribution implies an annualized yield of about 6%, the cut may deter income-focused investors.

CVR Partners Company Profile

CVR Partners, LP (NYSE: UAN) is a nitrogen fertilizer producer organized as a master limited partnership and managed by CVR GP, LLC. The company manufactures and sells nitrogen-based fertilizers used primarily in agricultural applications.

Its principal products are ammonia and urea ammonium nitrate (UAN) solution. Ammonia is sold directly to agricultural customers and other users, while UAN is a liquid fertilizer commonly applied to crops. CVR Partners markets its products to distributors, retailers, and agricultural customers.

CVR Partners operates production facilities in Coffeyville, Kansas, and East Dubuque, Illinois.