From GlobeNewswire: 2025-02-18 16:58:00

CVR Partners, LP declared a cash distribution of $1.75 per common unit for the fourth quarter of 2024, totaling $6.76 for the year. The company achieved a 96% ammonia utilization rate in 2024, with net income of $18 million for the fourth quarter compared to $10 million in 2023. EBITDA was $50 million on net sales of $140 million for Q4 2024.

The company’s fertilizer facilities produced 210,000 tons of ammonia in Q4 2024, with 80,000 net tons available for sale. UAN production was at 310,000 tons. Average realized gate prices for UAN declined by 5% to $229 per ton, while ammonia prices improved by 3% to $475 per ton in Q4 2024. For the full year 2024, CVR Partners produced 836,000 tons of ammonia and 1,273,000 tons of UAN.

Looking ahead, CVR Partners anticipates tight supply and demand for nitrogen fertilizer products in Q1 2025, with increasing prices. The company plans to focus on high plant utilization and generating free cash flow. CVR Partners announced a cash distribution of $1.75 per common unit for Q4 2024, payable on March 10, 2025.

CVR Partners’ net income for 2024 was $61 million, with EBITDA of $179 million on net sales of $525 million compared to $172 million in 2023. The company’s Q1 2025 outlook includes an ammonia utilization rate between 95% to 100%, with total capital expenditures expected to range from $12 to $16 million. Non-GAAP measures like EBITDA and available cash for distribution help evaluate the company’s performance and liquidity.



Read more at GlobeNewswire:: CVR Partners Reports Fourth Quarter and Full-Year 2024