CVR Partners reported net income of $27 million, or $2.56 per common unit, for the first quarter of 2025, a significant increase from $13 million, or $1.19 per common unit, in Q1 2024. EBITDA also grew to $53 million from $40 million in the prior year period. Net sales for the quarter reached $143 million, up from $128 million in Q1 2024.
The Partnership achieved a combined ammonia production rate of 101% during the quarter, producing 216,000 tons of ammonia and 348,000 tons of urea ammonium nitrate (UAN). This represents an increase in production compared to the first quarter of 2024.
Average realized gate prices for ammonia increased by 5% to $554 per ton, while UAN prices saw a 4% reduction to $256 per ton compared to Q1 2024. CVR Partners declared a cash distribution of $2.26 per common unit for the first quarter of 2025, payable on May 19, 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.