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CVR Partners
CVR Partners (UAN) investor relations material
CVR Partners Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Reported Q4 2025 net sales of $131 million, net loss of $10 million, and EBITDA of $20 million; full-year 2025 EBITDA was $211 million and net income was $99 million ($9.33 per common unit); distributions totaled $10.54 per unit.
Q4 2025 results were impacted by a 32-day planned turnaround and subsequent downtime at the Coffeyville plant, with ammonia plant utilization dropping to 64%.
Board declared a Q4 distribution of $0.37 per common unit, paid on March 9th; full-year distributions totaled $10.54 per unit.
Financial highlights
Full-year 2025 net sales reached $606 million, operating income was $129 million, and net income was $99 million ($9.33 per unit); Q4 net sales were $131 million, with a net loss of $10 million ($0.97 per unit).
Q4 2025 EBITDA was $20 million, down from $50 million in Q4 2024; full-year 2025 EBITDA rose to $211 million from $179 million in 2024.
Q4 2025 available cash for distribution was $3.9 million; full-year available cash for distribution was $111.4 million.
UAN prices rose 55% and ammonia prices 32% year-over-year in Q4, despite lower sales volumes.
Outlook and guidance
Ammonia utilization rate for Q1 2026 expected between 95% and 100%.
Q1 2026 direct operating expenses projected at $57–$83 million, with capital spending of $25–$30 million.
2026 maintenance capital spending estimated at $35–$45 million; growth capital at $25–$30 million, funded from prior reserves.
Nitrogen fertilizer market conditions remain supportive with tight global supply and strong demand; robust pricing expected into 2026.
Coffeyville air separator: What's the new plan?
How does Europe's gas issue create US export ops?
Coffeyville feedstock project: What's the benefit?
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Next CVR Partners earnings date
Q1 202628 Apr, 2026
CVR Partners
Next CVR Partners earnings date
Q1 202628 Apr, 2026
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Frequently asked questions
CVR Partners LP produces and markets nitrogen fertilizers, including ammonia and urea ammonium nitrate. The company’s production facilities are located in the United States and serve agricultural customers primarily in the Midwest. It operates as a subsidiary of CVR Energy Inc. The company is headquartered in Sugar Land, Texas, and its shares are listed on the NYSE.
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