CVR Partners Q2 Net Income Nearly Doubles to $77.5M; Distribution Jumps to $6.08/Unit
UAN sits 46% above its 52-week low of $84.13.
Summary
CVR Partners reported Q2 2026 net income of $77.5 million, nearly double the prior year, and declared a $6.08 per unit distribution, up 52% sequentially, as higher fertilizer prices and strong operations drove record cash flow.
Key Events · Earnings and Guidance · UAN
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Net Income Nearly Doubles
Driven by a 24% increase in UAN prices and a 33% increase in ammonia prices, Q2 2026 net income reached $77.5 million, up from $38.8 million in Q2 2025.
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Distribution Raised to $6.08/Unit
Reflecting strong available cash for distribution of $64.2 million, the Board declared a Q2 2026 distribution of $6.08 per common unit, a 52% increase from the $4.00 paid in Q1 2026.
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Cash Position Strengthens
Cash and equivalents rose to $137.5 million as of June 30, 2026, from $69.2 million at year-end 2025, with total liquidity of $187.5 million including an undrawn $50 million ABL facility.
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Operations Run at Near-Full Capacity
Consolidated ammonia utilization hit 99% in Q2 2026, up from 91% a year ago, as both facilities operated with minimal downtime.
Analysis · UAN · Industrial Applications And Services
A standout quarter for CVR Partners saw net income nearly double year-over-year to $77.5 million, fueled by sharply higher fertilizer prices and strong plant utilization. Reflecting confidence in sustained cash generation, the Board declared a $6.08 per unit distribution—a 52% increase from the prior quarter. With cash balances swelling to $137.5 million and no draws on its credit line, the partnership is well-positioned to fund a planned turnaround at its East Dubuque facility in August without straining liquidity. The results underscore how tight global nitrogen supply, driven by Middle East disruptions and U.S. tariff impacts, continues to benefit domestic producers.
At the time of this filing, UAN was trading at $122.56 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $84.13 to $139.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.