10-K · February 18, 2026
CVR Partners reported a stronger full year in 2025 versus 2024, with revenues rising from $526.0M (2024) to $607.0M (2025) and aggregate diluted EPS increasing from $5.76 (2024) to $9.33 (2025). Results were volatile:…
Earnings analysis · 10-Q
UAN earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
CVR Partners reported a strong first quarter for 2026, achieving revenues of $180 million, a notable increase from $143 million in Q1 2025. The company’s net income also surged to $49.9 million, reflecting improving…
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CVR Partners reported a strong first quarter for 2026, achieving revenues of $180 million, a notable increase from $143 million in Q1 2025. The company’s net income also surged to $49.9 million, reflecting improving market dynamics in nitrogen fertilizers, driven by elevated demand amid tight inventory levels after geopolitical tensions disrupted global supply chains.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $4.72
What stood out
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Strong Revenue Growth
Revenue increased to $180 million in Q1 2026, up 25.3% from $143 million in Q1 2025.
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Significant EPS Improvement
Diluted EPS rose to $4.72 in Q1 2026, compared to $2.56 in Q1 2025.
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Increased Ammonia Sales Volume
Ammonia sales volumes increased by 22%, reaching 73,000 tons compared to 60,000 tons in Q1 2025.
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UAN Pricing Surge
UAN sales price improved to $343 per ton, up 34% from $256 per ton in Q1 2025.
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Operational Efficiency
Ammonia utilization rate was 103%, an improvement from 101% in Q1 2025.
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Significant EBITDA Growth
EBITDA increased to $77.7 million, up from $52.9 million in Q1 2025.
What to watch
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Geopolitical Supply Risks
The ongoing Iran war has disrupted fertilizer supply chains, contributing to market volatility.
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Rising Input Costs
Higher natural gas prices have affected production costs, impacting overall profit margins.
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Regulatory Scrutiny
The fertilizer industry faces increased regulatory scrutiny regarding pricing and competitive practices.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · October 30, 2025
CVR Partners reported a materially stronger quarter: net sales of $163,549,000 (Q3 2025) versus $125,203,000 (Q3 2024) and operating income of $50,636,000 versus $10,996,000 a year ago, driving diluted EPS of $4.08…
10-Q · July 31, 2025
CVR Partners reported a strong quarter: net sales of $168,559,000 and operating income of $46,318,000 for the three months ended June 30, 2025, driving diluted EPS of $3.67 (vs $2.48 in Q2 2024). Cash improved (cash and…
10-K · February 19, 2025
CVR Partners emphasizes a differentiated feedstock moat at its Coffeyville Facility — the only North American nitrogen fertilizer plant using pet coke gasification — and dual‑site capacity to produce and upgrade ammonia…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.