Education
About Us
Working with TipRanks
Follow Us
Cvr Partners Lp Common Units R (UAN)
NYSE:UAN
Top Page
CVR Partners
(NYSE:UAN)
Select Model
Select Model
Rating:72Outperform
Price Target:
$97.00
▲(6.29% Upside)
CVR Partners' strong financial performance and attractive valuation are key strengths, supported by a positive earnings call outlook. However, technical indicators suggest caution due to potential bearish momentum.
CVR Partners (UAN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$964.59M
Dividend Yield9.96%
Average Volume (3M)19.34K
Price to Earnings (P/E)10.9
Beta (1Y)0.55
Revenue Growth8.15%
EPS Growth77.68%
CountryUS
Employees316
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)3.67
Shares Outstanding10,569,637
10 Day Avg. Volume13,679
30 Day Avg. Volume19,341
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)2.74
Price to Sales (P/S)1.53
P/FCF Ratio7.08
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue2.44
Enterprise Value/Gross Profit9.47
Enterprise Value/Ebitda6.85
Forecast
1Y Price Target
$97.00Price Target Upside6.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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 generates revenue primarily through the sale of its nitrogen fertilizers, particularly UAN solution. The company operates a revenue model based on the production and distribution of these fertilizers, which are sold to agricultural retailers and directly to farmers. Key revenue streams include the sale of UAN and other nitrogen-based products, which are influenced by factors such as crop pricing, demand for fertilizers, and agricultural trends. Additionally, CVR Partners benefits from partnerships with agricultural distributors and retailers that help in expanding its market reach. The company's earnings are also significantly impacted by the global supply and demand dynamics for nitrogen fertilizers, production costs, and market pricing for raw materials.
CVR Partners Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 03, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with increased sales and pricing, operational improvements, and strategic growth projects. However, challenges such as operational downtime, increased expenses, and geopolitical impacts were noted. The company's proactive approach to addressing these challenges and strong financial metrics indicate a positive outlook.Q2-2025 Updates
Positive Updates
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.
Negative Updates
Operational Downtime
The ammonia plant utilization was impacted by planned and unplanned downtime, affecting production rates.
Increased Direct Operating Expenses
Direct operating expenses rose to $60 million, primarily due to higher natural gas and electricity costs.
Geopolitical and Market Challenges
Geopolitical conflicts disrupted natural gas and fertilizer production, affecting global supply-demand balance and potentially impacting pricing.
Company Guidance
During the second quarter of 2025, CVR Partners reported net sales of $169 million, a net income of $39 million, and an EBITDA of $67 million. The Board declared a distribution of $3.89 per common unit, reflecting the firm's strong financial performance. The ammonia plant utilization rate was 91%, with production reaching 197,000 gross tons, and UAN production was 321,000 tons. UAN and ammonia sales reached 345,000 tons at an average price of $317 per ton and 57,000 tons at $593 per ton, respectively. Direct operating expenses for the quarter were $60 million, with capital expenditures totaling $11 million. Looking forward, the company anticipates third-quarter ammonia utilization rates between 93% and 98%, with direct operating expenses projected between $60 million and $65 million. The firm continues to focus on operational improvements and future growth, with total capital spending estimated between $55 million and $65 million for 2025.CVR Partners Financial Statement Overview
Summary
CVR Partners demonstrates solid financial performance with strong operational efficiency and cash flow management. Despite high leverage, profitability and returns on equity are robust. However, sluggish revenue growth is a concern.Income Statement
CVR Partners has shown a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) gross profit margin stands at approximately 24.77%, which is stable. However, the net profit margin is 13.95%, indicating moderate profitability. Revenue growth has been sluggish, with a recent decline from previous periods. EBIT and EBITDA margins are healthy at 19.40% and 35.57% respectively, showcasing strong operational efficiency.75
Positive
Balance Sheet
The balance sheet reflects a solid equity ratio of about 29.75%, suggesting a reasonable degree of financial stability. The debt-to-equity ratio is high at 1.90, indicating significant leverage, which could pose risks in a volatile market. Return on equity (ROE) is robust at 24.99%, highlighting effective use of shareholder funds.65
Positive
Cash Flow
CVR Partners' cash flow metrics reveal a strong operating cash flow to net income ratio of 2.17, indicating good cash generation relative to net income. The free cash flow growth rate is positive, though slowing, and the free cash flow to net income ratio of 1.65 signifies efficient cash conversion.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 576.18M | 525.32M | 681.48M | 835.58M | 532.58M | 349.95M |
| Gross Profit | 148.68M | 118.86M | 232.46M | 352.37M | 162.04M | 24.84M |
| EBITDA | 205.66M | 178.90M | 281.10M | 403.16M | 212.67M | 41.35M |
| Net Income | 87.96M | 60.90M | 172.43M | 286.80M | 78.16M | -98.18M |
Balance Sheet | ||||||
| Total Assets | 998.00M | 1.02B | 975.33M | 1.10B | 1.13B | 1.03B |
| Cash, Cash Equivalents and Short-Term Investments | 114.40M | 90.86M | 45.28M | 86.34M | 112.52M | 30.56M |
| Total Debt | 583.89M | 585.25M | 550.48M | 549.73M | 610.64M | 639.49M |
| Total Liabilities | 681.46M | 725.65M | 672.45M | 688.59M | 784.86M | 718.64M |
| Stockholders Equity | 316.54M | 293.07M | 302.88M | 286.80M | 342.20M | 314.24M |
Cash Flow | ||||||
| Free Cash Flow | 66.83M | 113.47M | 219.33M | 256.80M | 168.13M | 1.14M |
| Operating Cash Flow | 99.52M | 150.54M | 243.53M | 301.46M | 188.72M | 19.74M |
| Investing Cash Flow | -31.85M | -31.89M | -2.72M | -44.62M | -20.34M | -18.55M |
| Financing Cash Flow | -80.28M | -73.07M | -281.86M | -283.02M | -86.43M | -7.63M |
CVR Partners Technical Analysis
Neutral
91.26
Price Trends
90.41
Negative
87.54
Positive
79.90
Positive
Market Momentum
0.33
Positive
46.22
Neutral
20.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UAN, the sentiment is Neutral. The current price of 91.26 is below the 20-day moving average (MA) of 91.69, above the 50-day MA of 90.41, and above the 200-day MA of 79.90, indicating a neutral trend. The MACD of 0.33 indicates Positive momentum. The RSI at 46.22 is Neutral, neither overbought nor oversold. The STOCH value of 20.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for UAN.
CVR Partners Risk Analysis
CVR Partners disclosed 50 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $964.59M | 10.85 | 28.37% | 9.96% | 8.15% | 77.68% | |
64 Neutral | $9.31B | 9.94 | 7.80% | 2.94% | -7.71% | 297.49% | |
63 Neutral | $8.11B | 22.08 | 6.24% | 2.86% | -1.22% | -14.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $3.69B | 37.32 | 2.88% | 7.86% | 1.16% | -92.85% | |
56 Neutral | $371.78M | ― | -34.48% | ― | 11.93% | -311.34% | |
52 Neutral | $3.14B | 70.79 | ― | 4.84% | -2.05% | ― |
* Basic Materials Sector Average
UAN
CVR Partners
91.26
27.04
42.11%
FMC
FMC
29.53
-29.35
-49.85%
IPI
Intrepid Potash
27.92
3.35
13.63%
MOS
Mosaic Co
29.58
4.33
17.15%
SMG
Scotts Miracle-Gro Company
54.52
-31.71
-36.77%
ICL
Icl
6.24
2.16
52.94%
CVR Partners Corporate Events
DividendsFinancial Disclosures
CVR Partners Reports Strong Q2 2025 Financial Results
Positive
Jul 30, 2025
CVR Partners reported a net income of $39 million and EBITDA of $67 million for the second quarter of 2025, marking an increase from the previous year’s figures. The company announced a cash distribution of $3.89 per common unit, reflecting strong market conditions for nitrogen fertilizers, despite a decrease in production compared to the previous year. The average realized gate prices for ammonia and UAN saw significant increases, contributing to the positive financial results.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.