CVR Partners, LP (NYSE:UAN) makes and markets nitrogen fertilizers including ammonia and urea ammonium nitrate (“UAN”) in the United States.
Earnings
CVR Partners reported net loss of 17 cents per share for the first quarter. The figure was wider than the Zacks Consensus Estimate of a loss of 13 cents.
Revenues
CVR Partners posted first-quarter net sales of $79.9 million, down 6.3% year over year.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for CVR Partners for the first quarter has been stable over the last month. CVR Partners has missed the Zacks Consensus Estimate in three of the trailing four quarters while beating once, with an average negative surprise of 144.1%.
Key Stats/Developments to Note
CVR Partners produced 199,000 tons of ammonia in the first quarter of which 59,000 net tons were available for sale while the rest was upgraded to other fertilizers including 339,000 tons of UAN.
Zacks Rank
CVR Partners currently has a Zacks Rank #5 (Strong Sell).
Market Reaction
CVR Partners’ shares were down around 2.3% in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on CVR Partners’ earnings report!
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CVR Partners, LP (UAN): Free Stock Analysis Report
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