CVR Partners（UAN）株式概要CVR Partners, LP社は、その子会社とともに、米国で窒素肥料の製造・販売を行っている。 詳細UAN ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績5/6財務の健全性4/6配当金3/6報酬当社が推定した公正価値より72.7%で取引されている 過去1年間で収益は82.2%増加しました リスク分析8.39%の配当は利益で十分にカバーされていない 多額の負債を抱えている すべてのリスクチェックを見るUAN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW483,856 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA483,856 investors already sharing narrativesYour Fair ValueUS$Current PriceUS$125.5749.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-110m801m2016201920222025202620282031Revenue US$661.7mEarnings US$156.6mAdvancedSet Fair ValueView all narrativesCVR Partners, LP 競合他社Intrepid PotashSymbol: NYSE:IPIMarket cap: US$438.8mScotts Miracle-GroSymbol: NYSE:SMGMarket cap: US$4.0bICL GroupSymbol: NYSE:ICLMarket cap: US$6.6bMosaicSymbol: NYSE:MOSMarket cap: US$6.9b価格と性能株価の高値、安値、推移の概要CVR Partners過去の株価現在の株価US$125.5752週高値US$139.5052週安値US$84.13ベータ0.151ヶ月の変化10.15%3ヶ月変化-3.70%1年変化29.71%3年間の変化38.22%5年間の変化135.55%IPOからの変化-28.45%最新ニュースDeclared Dividend • 9hSecond quarter dividend of US$6.08 announcedShareholders will receive a dividend of US$6.08. Ex-date: 10th August 2026 Payment date: 17th August 2026 Dividend yield will be 12%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 6.1% to bring the payout ratio under control. However, EPS has declined by 5.2% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Jul 31Second quarter 2026 earnings released: EPS: US$7.33 (vs US$3.67 in 2Q 2025)Second quarter 2026 results: EPS: US$7.33 (up from US$3.67 in 2Q 2025). Revenue: US$202.2m (up 20% from 2Q 2025). Net income: US$77.5m (up 100% from 2Q 2025). Profit margin: 38% (up from 23% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Seeking Alpha • Jul 31CVR Partners: Why The Latest Big Distribution Might Not Be The LastSummary CVR Partners is on track for a $16.37 total 2026 distribution, yielding 12.8% at current prices, driven by strong operations and product pricing. CVRP's Q3 distribution is projected near $6 despite lower prices and a major turnaround, supported by inventory draws and operating reserves. Capacity expansions at E. Dubuque and DEF upgrades at Coffeyville are underway, enhancing reliability, flexibility, and incremental distributable cash flow. Industry consolidation and antitrust risks limit takeover prospects, but high replacement costs and advantaged feedstocks support CVRP's long-term value proposition. Read the full article on Seeking Alphaお知らせ • Jul 30CVR Partners, LP Provides Production Guidance for the Third Quarter 2026CVR Partners, LP provided production guidance for the third quarter 2026 . For the quarter, the company expects Ammonia utilization rates to be 75% to 80%.お知らせ • Jul 16CVR Partners, LP to Report Q2, 2026 Results on Jul 29, 2026CVR Partners, LP announced that they will report Q2, 2026 results After-Market on Jul 29, 2026Board Change • Jul 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Director of CVR GP LLC Dave Lamp is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.最新情報をもっと見るRecent updatesDeclared Dividend • 9hSecond quarter dividend of US$6.08 announcedShareholders will receive a dividend of US$6.08. Ex-date: 10th August 2026 Payment date: 17th August 2026 Dividend yield will be 12%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 6.1% to bring the payout ratio under control. However, EPS has declined by 5.2% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Jul 31Second quarter 2026 earnings released: EPS: US$7.33 (vs US$3.67 in 2Q 2025)Second quarter 2026 results: EPS: US$7.33 (up from US$3.67 in 2Q 2025). Revenue: US$202.2m (up 20% from 2Q 2025). Net income: US$77.5m (up 100% from 2Q 2025). Profit margin: 38% (up from 23% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Seeking Alpha • Jul 31CVR Partners: Why The Latest Big Distribution Might Not Be The LastSummary CVR Partners is on track for a $16.37 total 2026 distribution, yielding 12.8% at current prices, driven by strong operations and product pricing. CVRP's Q3 distribution is projected near $6 despite lower prices and a major turnaround, supported by inventory draws and operating reserves. Capacity expansions at E. Dubuque and DEF upgrades at Coffeyville are underway, enhancing reliability, flexibility, and incremental distributable cash flow. Industry consolidation and antitrust risks limit takeover prospects, but high replacement costs and advantaged feedstocks support CVRP's long-term value proposition. Read the full article on Seeking Alphaお知らせ • Jul 30CVR Partners, LP Provides Production Guidance for the Third Quarter 2026CVR Partners, LP provided production guidance for the third quarter 2026 . For the quarter, the company expects Ammonia utilization rates to be 75% to 80%.お知らせ • Jul 16CVR Partners, LP to Report Q2, 2026 Results on Jul 29, 2026CVR Partners, LP announced that they will report Q2, 2026 results After-Market on Jul 29, 2026Board Change • Jul 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Director of CVR GP LLC Dave Lamp is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Jun 23+ 1 more updateCVR Partners, LP Announces CEO Changes, Effective June 18, 2026CVR Partners, LP announced that Dane Neumann, Executive Vice President and Chief Financial Officer, has been promoted to the position of Chief Executive Officer of the general partner of UAN, effective June 18, 2026, following Mark Pytosh’s resignation from the CVR Entities for personal reasons.ライブニュース • May 16Icahn Increases Stake in CVR Partners as Quarterly Distribution Surges 80%Carl C. Icahn has reiterated a bullish stance on CVR Partners, LP, keeping the stock as a consistent holding and increasing the fund’s stake through 2024 and 2025. Interest in CVR Partners has been supported by tighter global nitrogen fertilizer supplies linked to disruptions in the Middle East and export chokepoints. The partnership recently declared a quarterly cash distribution that is nearly 80% higher than the payout a year earlier. Icahn’s ongoing commitment and increased exposure signal continued confidence in CVR Partners’ position as a domestic nitrogen fertilizer producer at a time when global supply remains constrained. The sharply higher distribution highlights the partnership’s current cash return to unitholders. However, income-focused investors should keep in mind that such distributions can fluctuate with fertilizer pricing, operating performance and capital needs.Reported Earnings • May 05First quarter 2026 earnings released: EPS: US$4.72 (vs US$2.56 in 1Q 2025)First quarter 2026 results: EPS: US$4.72 (up from US$2.56 in 1Q 2025). Revenue: US$180.0m (up 26% from 1Q 2025). Net income: US$49.9m (up 84% from 1Q 2025). Profit margin: 28% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Declared Dividend • May 03First quarter dividend increased to US$4.00Dividend of US$4.00 is 77% higher than last year. Ex-date: 11th May 2026 Payment date: 18th May 2026 Dividend yield will be 9.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio) nor is it covered by cash flows (113% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control, which is more than the 3.3% EPS growth achieved over the last 5 years.お知らせ • May 02CVR Partners, LP Provides Production Guidance for the Second Quarter 2026CVR Partners, LP provided production guidance for the second quarter 2026 . For the quarter, the company expects Ammonia utilization rates to be 95% to 100 %.お知らせ • May 01CVR Partners, LP announces Quarterly dividend, payable on May 18, 2026CVR Partners, LP announced Quarterly dividend of USD 4.0000 per share payable on May 18, 2026, ex-date on May 11, 2026 and record date on May 11, 2026.お知らせ • Apr 16CVR Partners, LP to Report Q1, 2026 Results on Apr 29, 2026CVR Partners, LP announced that they will report Q1, 2026 results After-Market on Apr 29, 2026Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$120, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 24x in the Chemicals industry in the US. Total returns to shareholders of 84% over the past three years.お知らせ • Mar 04CVR Partners, LP Announces Non-Compliance With NYSE Audit Committee RequirementCVR Partners, LP (the Partnership") deeply regrets to disclose that Brian A. Goebel, a member of the Board of Directors of the Partnership's general partner (the Board"), passed away on February 20, 2026. Mr. Goebel joined the Board in October 2025. Mr. Goebel, an independent director, served as a member and chair of the Board's Audit Committee, as well as a member of the Board's Compensation Committee and Environmental, Health & Safety Committee at the time of his passing. Following Mr. Goebel's death, the Board has been reduced to five members, two of whom are independent directors. The Audit Committee has been reduced to two members, both of whom are independent directors. As a result, the Partnership is no longer compliant with Section 303A.07(a) of the New York Stock Exchange (NYSE") Listed Company Manual (the Listed Company Manual"), which requires that the audit committee of an NYSE-listed company consist of at least three members, each of whom is an independent director. The Partnership notified the NYSE of Mr. Goebel's passing and the resulting non-compliance with the Listed Company Manual on February 25, 2026. On March 3, 2026, the Partnership received notice from the NYSE that it became non-compliant with the audit committee requirement set in Listed Company Manual Section 303A.07(a) as a result of Mr. Goebel's death. The Partnership has initiated a search for a new independent director to join the Board and the Audit Committee and expects to announce a replacement as soon as reasonably practicable. Upon appointing a new member of the Audit Committee that meets the independence requirements of Section 10A of, and Rule 10A-3 under, the Securities Exchange Act of 1934, as amended, and Section 303A.02 of the Listed Company Manual, the Partnership will regain compliance with the applicable NYSE listing standard.Declared Dividend • Feb 22Fourth quarter dividend of US$0.37 announcedShareholders will receive a dividend of US$0.37. Ex-date: 2nd March 2026 Payment date: 9th March 2026 Dividend yield will be 10%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio) nor is it covered by cash flows (113% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control, which is more than the 11% EPS growth achieved over the last 5 years.New Risk • Feb 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 113% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 113% Minor Risk High level of debt (180% net debt to equity).Reported Earnings • Feb 19Full year 2025 earnings released: EPS: US$9.33 (vs US$5.76 in FY 2024)Full year 2025 results: EPS: US$9.33 (up from US$5.76 in FY 2024). Revenue: US$606.0m (up 15% from FY 2024). Net income: US$98.7m (up 62% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Feb 19CVR Partners, LP Declares Cash Distribution for Fourth Quarter of 2025, Payable on March 9, 2026CVR Partners, LP announced that the board of directors of its general partner declared a fourth quarter 2025 cash distribution of $0.37 per common unit, which will be paid on March 9, 2026, to common unitholders of record as of March 2, 2026.お知らせ • Feb 05CVR Partners, LP to Report Q4, 2025 Results on Feb 18, 2026CVR Partners, LP announced that they will report Q4, 2025 results After-Market on Feb 18, 2026お知らせ • Jan 27CVR Partners, LP Provides Earnings Guidance for the Fourth Quarter and Full-Year Ended December 31, 2025CVR Partners, LP provided earnings guidance for the Fourth Quarter and Full-Year Ended December 31, 2025. For the quarter, the company estimates net loss of $14 million to $7 million. For the year, the company estimates net income Of $95 million to $102 million.Recent Insider Transactions Derivative • Dec 14CEO, President & Director of CVR GP LLC exercised options and sold US$865k worth of stockOn the 10th of December, Mark Pytosh exercised options to acquire 9k shares at no cost and sold these for an average price of US$94.92 per share. This trade did not impact their existing holding. For the year to December 2018, Mark's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Mark has owned 30.59k shares directly. This was the only transaction from an insider over the last 12 months.Declared Dividend • Nov 02Third quarter dividend of US$4.02 announcedShareholders will receive a dividend of US$4.02. Ex-date: 10th November 2025 Payment date: 17th November 2025 Dividend yield will be 13%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: US$4.08 (vs US$0.36 in 3Q 2024)Third quarter 2025 results: EPS: US$4.08 (up from US$0.36 in 3Q 2024). Revenue: US$163.5m (up 31% from 3Q 2024). Net income: US$43.1m (up US$39.3m from 3Q 2024). Profit margin: 26% (up from 3.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Oct 30CVR Partners, LP Declares Cash Dividend for the Third Quarter 2025, Payable on November 17, 2025CVR Partners announced that the Board of Directors of its general partner declared a third quarter 2025 cash distribution of $4.02 per common unit, which will be paid on November 17, 2025, to common unitholders of record as of November 10, 2025.お知らせ • Oct 16CVR Partners, LP to Report Q3, 2025 Results on Oct 29, 2025CVR Partners, LP announced that they will report Q3, 2025 results After-Market on Oct 29, 2025Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: US$3.67 (vs US$2.48 in 2Q 2024)Second quarter 2025 results: EPS: US$3.67 (up from US$2.48 in 2Q 2024). Revenue: US$168.6m (up 27% from 2Q 2024). Net income: US$38.8m (up 48% from 2Q 2024). Profit margin: 23% (up from 20% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Jul 31CVR Partners, LP Declares Second Quarter 2025 Cash Distribution, Payable on August 18, 2025CVR Partners announced that the Board of Directors of its general partner declared a second quarter 2025 cash distribution of $3.89 per common unit, which will be paid on August 18, 2025, to common unitholders of record as of August 11, 2025.お知らせ • Jul 17CVR Partners, LP to Report Q2, 2025 Results on Jul 30, 2025CVR Partners, LP announced that they will report Q2, 2025 results After-Market on Jul 30, 2025Declared Dividend • May 01First quarter dividend increased to US$2.26Dividend of US$2.26 is 18% higher than last year. Ex-date: 12th May 2025 Payment date: 19th May 2025 Dividend yield will be 8.9%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 29First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: US$142.9m (up 12% from 1Q 2024). Net income: US$27.1m (up 115% from 1Q 2024). Profit margin: 19% (up from 9.9% in 1Q 2024).お知らせ • Apr 29+ 1 more updateCVR Partners, LP Declares First Quarter 2025 Cash Distribution, Payable on May 19, 2025CVR Partners announced that the Board of Directors of its general partner declared a first quarter 2025 cash distribution of $2.26 per common unit, which will be paid on May 19, 2025, to common unitholders of record as of May 12, 2025.お知らせ • Apr 24CVR Partners, LP, Annual General Meeting, Jun 05, 2025CVR Partners, LP, Annual General Meeting, Jun 05, 2025.お知らせ • Apr 15CVR Partners, LP to Report Q1, 2025 Results on Apr 28, 2025CVR Partners, LP announced that they will report Q1, 2025 results After-Market on Apr 28, 2025Seeking Alpha • Apr 13CVR Partners: The Nitrogen Fertilizer Market Looking Ripe For An UpswingSummary CVR Partners is poised for market-beating returns due to favorable nitrogen fertilizer demand-supply dynamics, despite a slightly stretched valuation. Strong 4Q24 performance with impressive YoY bottom-line growth and robust cash distribution, despite weather-related challenges impacting sales volumes. Buoyant market conditions driven by rising corn prices, increased farm income from government assistance, and tight global nitrogen fertilizer supply. Insider buying by Carl Icahn boosts confidence in CVR's prospects, with valuation metrics comparable to peers, justifying a buy rating. Read the full article on Seeking AlphaBuy Or Sell Opportunity • Feb 26Now 21% undervaluedOver the last 90 days, the stock has risen 2.7% to US$77.85. The fair value is estimated to be US$98.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Earnings per share has declined by 32%.Declared Dividend • Feb 21Fourth quarter dividend of US$1.75 announcedShareholders will receive a dividend of US$1.75. Ex-date: 3rd March 2025 Payment date: 10th March 2025 Dividend yield will be 8.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control, which is less than the 39% EPS growth achieved over the last 5 years.Reported Earnings • Feb 19Full year 2024 earnings released: EPS: US$5.76 (vs US$16.31 in FY 2023)Full year 2024 results: EPS: US$5.76 (down from US$16.31 in FY 2023). Revenue: US$525.3m (down 23% from FY 2023). Net income: US$60.9m (down 65% from FY 2023). Profit margin: 12% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • Feb 19+ 1 more updateCVR Partners, LP Provides Production Guidance for the First Quarter of 2025CVR Partners, LP provided production guidance for the first quarter of 2025. For the quarter, the company expects Ammonia utilization rates to be 95% to 100%.お知らせ • Feb 04CVR Partners, LP to Report Q4, 2024 Results on Feb 18, 2025CVR Partners, LP announced that they will report Q4, 2024 results After-Market on Feb 18, 2025Seeking Alpha • Jan 26CVR Partners, LP: The Ultimate Fertilizer PlaySummary CVR Partners, LP is uniquely positioned to benefit from global trade shifts, European gas crises, and rising corn prices, driving demand for nitrogen fertilizers. Trump's tariffs and deregulation policies enhance UAN's competitive edge, reducing production costs and increasing strategic value in the fertilizer sector. Carl Icahn’s increased stake and bullish outlook signal strong insider confidence in UAN’s future growth and value appreciation. With valuation multiples rising in the nitrogen fertilizer sector, UAN stands to gain significantly from market undervaluation and operating leverage. The 2017 TCJA reduced the corporate tax rate, diminishing MLP tax advantages. Lowering the rate further to 15% could prompt UAN to shed its MLP structure, unlocking value through broader investor access, increased liquidity, and potential acquisition appeal. Read the full article on Seeking AlphaSeeking Alpha • Jan 18CVR Partners: A Genuinely High-Risk High-Reward SituationSummary CVR Partners' success hinges on macroeconomic factors, with a high-risk profile due to debt and cyclical industry nature. Valuing CVR Partners requires a long-term perspective, with potential returns of 6-7% annually, but significant risks and volatility. Current prices do not present a compelling opportunity; short-term T-Bills with ~4.25% interest offer a better risk/reward profile. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Dec 15CEO, President & Director of CVR GP LLC exercised options and sold US$671k worth of stockOn the 11th of December, Mark Pytosh exercised options to acquire 9k shares at no cost and sold these for an average price of US$77.88 per share. This trade did not impact their existing holding. For the year to December 2017, Mark's total compensation was 23% salary and 77% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Mark has owned 30.59k shares directly. This was the only transaction from an insider over the last 12 months.Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$80.89, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 23x in the Chemicals industry in the US. Total returns to shareholders of 82% over the past three years.Declared Dividend • Nov 01Third quarter dividend of US$1.19 announcedShareholders will receive a dividend of US$1.19. Ex-date: 8th November 2024 Payment date: 18th November 2024 Dividend yield will be 10%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio) nor is it covered by cash flows (207% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control, which is more than the 45% EPS growth achieved over the last 5 years.Seeking Alpha • Oct 30CVR Partners: Patience Is Required (Rating Downgrade)Summary CVR Partners has seen no takeover developments since the initial announcement in March. Betting on a deal is highly speculative. Lower distributions are expected in the next quarters due to higher natgas prices, operating expenses, and upcoming maintenance at Coffeyville. At mid-cycle product prices, the 2024 yield of 9.6% based on a $70 unit price looks like a fair yield given the variability in distributions. Long-term projects to improve reliability and feedstock flexibility may help UAN navigate future bottom-cycle conditions, but current volatility warrants a Hold rating. Read the full article on Seeking AlphaReported Earnings • Oct 29Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.069 in 3Q 2023)Third quarter 2024 results: EPS: US$0.36 (up from US$0.069 in 3Q 2023). Revenue: US$125.2m (down 4.1% from 3Q 2023). Net income: US$3.81m (up 421% from 3Q 2023). Profit margin: 3.0% (up from 0.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year.お知らせ • Oct 29CVR Partners, LP Declares Third Quarter 2024 Cash Distribution, Payable on November 18, 2024CVR Partners also announced that on October 28, 2024, the Board of Directors of the Partnership’s general partner declared a third quarter 2024 cash distribution of $1.19 per common unit, which will be paid on November 18, 2024, to common unitholders of record as of November 8, 2024.Seeking Alpha • Oct 15CVR Partners: Special SituationSummary CVR Partners is undervalued and likely to be acquired within six months, offering potential returns of 60% to 375%. The acquisition is supported by comparable transactions, strategic interest, and a favorable regulatory environment. CVRP's strong cash flow, low leverage, and strategic importance in nitrogen fertilizer ensure downside protection. Recommend purchasing CVRP units or January call options at $110 for high return potential and portfolio diversification. Read the full article on Seeking Alphaお知らせ • Oct 15CVR Partners, LP to Report Q3, 2024 Results on Oct 28, 2024CVR Partners, LP announced that they will report Q3, 2024 results After-Market on Oct 28, 2024お知らせ • Jul 31CVR Partners, LP Declares Second Quarter 2024 Cash Distribution, Payable on August 19, 2024CVR Partners, LP announced that the Board of Directors of its general partner declared a second quarter 2024 cash distribution of $1.90 per common unit, which will be paid on August 19, 2024, to common unitholders of record as of August 12, 2024.Seeking Alpha • Jul 31CVR Partners: Focus Less On A Takeover, More On The Near 10% DistributionSummary CVR Partners has received attention for potential takeover after its parent company announced exploring strategic transactions. Despite speculation of high takeover prices, CVR Partners remains an attractive income investment at mid-cycle conditions with improving demand and feedstock cost savings. Forecasting a distribution of $2.65 per quarter in 4Q 2024 and 1Q 2025, offering a yield of 10.4% based on 2024 payout. A buyout by CVR Energy is still a possibility, at a lower premium than many speculators have been discussing. Read the full article on Seeking AlphaReported Earnings • Jul 30Second quarter 2024 earnings released: EPS: US$2.48 (vs US$5.66 in 2Q 2023)Second quarter 2024 results: EPS: US$2.48 (down from US$5.66 in 2Q 2023). Revenue: US$132.9m (down 27% from 2Q 2023). Net income: US$26.2m (down 56% from 2Q 2023). Profit margin: 20% (down from 33% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Seeking Alpha • Jul 25The Market Is Not Pricing CVR Partners Like A Cyclical CompanySummary CVR Partners LP's performance over the past few years improved due to high product prices and not operating efficiencies. Product prices have declined from 2021 peak and I would expect CVR's performance to follow. But the company is financially sound. My valuation based on cycle performance shows no margin of safety compared to the current market price. Read the full article on Seeking Alphaお知らせ • Jul 16CVR Partners, LP to Report Q2, 2024 Results on Jul 29, 2024CVR Partners, LP announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2024Seeking Alpha • May 12CVR Partners: The Chances Of A Near-Term Sale Are IncreasingSummary CVR Partners is an undervalued stock with significant opportunity due to its unique competitive advantages and lack of professional analyst coverage. CVRP's competitive advantages include its proximity to the US corn belt, production of low-carbon ammonia, use of pet coke as feedstock, and focus on nitrogen fertilizer for agricultural applications. The North American fertilizer market has high-demand and limited supply, creating a potential premium for existing plants like CVRP. A sale of CVRP is highly likely, offering significant upside potential. Read the full article on Seeking AlphaDeclared Dividend • May 02First quarter dividend of US$1.92 announcedShareholders will receive a dividend of US$1.92. Ex-date: 10th May 2024 Payment date: 20th May 2024 Dividend yield will be 12%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) nor is it covered by cash flows (144% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control, which is less than the 56% EPS growth achieved over the last 5 years.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: US$1.19 (vs US$9.64 in 1Q 2023)First quarter 2024 results: EPS: US$1.19 (down from US$9.64 in 1Q 2023). Revenue: US$127.7m (down 44% from 1Q 2023). Net income: US$12.6m (down 88% from 1Q 2023). Profit margin: 9.9% (down from 45% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 30CVR Partners Declares a First Quarter 2024 Cash Distribution, Payable on May 20, 2024CVR Partners announced that the Board of Directors of its general partner declared a first quarter 2024 cash distribution of $1.92 per common unit, which will be paid on May 20, 2024, to common unitholders of record as of May 13, 2024.Seeking Alpha • Apr 24CVR Partners: Q1 Distribution Outlook And Potential BuyoutSummary Given current fertilizer prices, CVR Partners should see a higher Q1 distribution compared to Q4. Icahn Enterprises has said it may look to acquire or sell its stake in the fertilizer maker. The pending sale of a fertilizer plant to Koch Ag & Energy Solutions suggests that CVR Partners' plants are undervalued. Read the full article on Seeking Alphaお知らせ • Apr 17CVR Partners, LP to Report Q1, 2024 Results on Apr 29, 2024CVR Partners, LP announced that they will report Q1, 2024 results After-Market on Apr 29, 2024Seeking Alpha • Apr 10CVR Partners: Is This Huge Yield A Buy?Summary CVR Partners is a high-yielding business, but its cyclicality makes it a risky investment. Fertilizer prices are volatile and impact CVR Partners' profitability. CVR Partners generates hefty dividends during good times, but its future cash flow generation is uncertain. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$78.56, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 20x in the Chemicals industry in the US. Total returns to shareholders of 284% over the past three years.Seeking Alpha • Mar 19CVR Partners Likely To Be Bought: What Is Its Real Value?Summary CVR Partners, a fertilizer business that is 37% owned by CVR Energy, is exploring strategic options for a potential sale. A comparable sale of a similar asset suggests a vastly higher valuation for CVR Partners. Various valuation methods indicate that the current market price of CVR Partners units is vastly lower than their potential value. Read the full article on Seeking AlphaDeclared Dividend • Feb 23Fourth quarter dividend of US$1.68 announcedShareholders will receive a dividend of US$1.68. Ex-date: 1st March 2024 Payment date: 11th March 2024 Dividend yield will be 26%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (86% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control, which is less than the 62% EPS growth achieved over the last 5 years.Seeking Alpha • Feb 23CVR Partners: Looking For A Higher Distribution In Q1Summary CVR Partners reported Q4 results pretty much in line with my expectations, as fertilizer prices improved in the quarter. After a variable distribution of $1.68 per common unit for Q4, I'm looking for a higher one in Q1 as fertilizer prices continue to rebound. The stock is a "Buy" based on a normalized fertilizer market environment. Read the full article on Seeking AlphaReported Earnings • Feb 22Full year 2023 earnings released: EPS: US$16.31 (vs US$27.08 in FY 2022)Full year 2023 results: EPS: US$16.31 (down from US$27.08 in FY 2022). Revenue: US$681.5m (down 18% from FY 2022). Net income: US$172.4m (down 40% from FY 2022). Profit margin: 25% (down from 34% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 21CVR Partners Declares a Fourth Quarter 2023 Cash Distribution, Payable on March 11, 2024 of March 4, 2024CVR Partners announced that the Board of Directors of its general partner declared a fourth quarter 2023 cashdistribution of $1.68 per common unit, which will be paid on March 11, 2024, to common unitholders of record asof March 4, 2024.お知らせ • Feb 08CVR Partners, LP to Report Q4, 2023 Results on Feb 20, 2024CVR Partners, LP announced that they will report Q4, 2023 results After-Market on Feb 20, 2024Seeking Alpha • Jan 22CVR Partners, LP: Lower Ammonia Prices Creates Better Buying OpportunitySummary CVR Partners LP shares have declined by 18% since my last article, but I believe it only creates a better opportunity for entry. The company has a history of paying high distributions, making it a compelling value if ammonia prices remain steady and eventually rebound. The stock chart indicates a bullish formation, with potential for a breakout and retracement to previous highs. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$73.20, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 21x in the Chemicals industry in the US. Total returns to shareholders of 716% over the past three years.Recent Insider Transactions Derivative • Dec 18CEO, President & Director of CVR GP LLC exercised options and sold US$2.4m worth of stockOn the 13th of December, Mark Pytosh exercised options to acquire 36k shares at no cost and sold these for an average price of US$66.80 per share. This trade did not impact their existing holding. For the year to December 2016, Mark's total compensation was 24% salary and 76% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Mark has owned 30.59k shares directly. This was the only transaction from an insider over the last 12 months.Seeking Alpha • Dec 05CVR Partners: Where The 2024 Distribution Could Be HeadedSummary CVR Partners looks attractive based on normalized earnings as nitrogen fertilizer prices have bottomed. The company should be able to produce a double-digit distribution in 2024 if fertilizer prices firm up. The stock is a "Buy" based on its distribution and stock appreciation potential. Read the full article on Seeking AlphaSeeking Alpha • Nov 22CVR Partners Is An Agriculture Gem With >20% Income PotentialSummary CVR Partners offers high-income distributions for investors looking for dividends in the agriculture fertilizer industry. UAN operates two manufacturing facilities in Kansas and Illinois, strategically located to meet the demand for nitrogen fertilizer in the US. Despite some headwinds, UAN has a strong position in the market and has the potential to provide attractive yields for investors. Read the full article on Seeking AlphaUpcoming Dividend • Nov 03Upcoming dividend of US$1.55 per share at 31% yieldEligible shareholders must have bought the stock before 10 November 2023. Payment date: 20 November 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 31%. Within top quartile of American dividend payers (5.3%). Higher than average of industry peers (2.2%).Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: US$0.069 (vs US$1.87 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.069 (up from US$1.87 loss in 3Q 2022). Revenue: US$130.6m (down 17% from 3Q 2022). Net income: US$731.0k (up US$20.5m from 3Q 2022). Profit margin: 0.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 31CVR Partners, LP Declares Third Quarter 2023 Cash Distribution, Payable on November 20, 2023CVR Partners, LP announced that on October 30, 2023, the Board of Directors of the Partnership’s general partner declared a third quarter 2023 cash distribution of $1.55 per common unit, which will be paid on November 20, 2023, to common unitholders of record as of November 13, 2023.Seeking Alpha • Oct 31CVR Partners Became A 'Buy' AgainSummary CVR Partners' stock has declined by 33.3% since September 2022, but high dividend payouts have made it an above-average performer. The fertilizer market has experienced a sharp correction this year, causing a decline in shares of fertilizer manufacturers. The recent conflict between Hamas and Israel has sparked fears in the fertilizer market, impacting the Israeli port of Ashdod and potash fertilizer exports. On October 30, 2023, the company released its operating results for Q3 FY2023. Let's dive in. It seems to me that CVR Partners is back on the path to stability, and taking into account a possible turnaround in fertilizer prices, the company has a chance to maintain its high yield. Read the full article on Seeking AlphaSeeking Alpha • Oct 23CVR Partners: An Excellent Dividend But It Is Worth WaitingSummary CVR Partners is a young MLP company operating in the fertilizer sector with two large production plants. The company's profitability and dividend are closely linked to the cyclical nature of the corn market. The share price already incorporates the risk of corn prices returning to 2017 levels, and there is currently a waiting phase in the market. Read the full article on Seeking Alphaお知らせ • Oct 18CVR Partners, LP to Report Q3, 2023 Results on Oct 30, 2023CVR Partners, LP announced that they will report Q3, 2023 results After-Market on Oct 30, 2023Seeking Alpha • Sep 30CVR Partners: Upgrading To 'Buy' As Nitrogen Fertilizer Prices BottomSummary CVR Partners has been facing pressure from lower nitrogen fertilizer prices. However, the company's plants have been running well and pricing appears to have bottomed. The stock looks attractive based on normalized earnings with a huge yield. Read the full article on Seeking AlphaSeeking Alpha • Sep 14CVR Partners: 33% Dividend Yield, Breakout Appears ImminentSummary CVR Partners is currently paying over a 20 percent dividend. Market fundamentals are strong and I expect the profitability of CVR Partners, LP's nitrogen fertilizer business to remain strong. Technical chart patterns present an interesting bull-flag chart pattern that appears poised to break out of its trading range in the near future. If CVR Partners continues offering an elevated dividend amidst strong market fundamentals, the market will likely need to re-price CVR Partners higher as its chart and fundamentals suggest may happen soon. Read the full article on Seeking AlphaSeeking Alpha • Aug 29CVR Partners: Lower Distributions, But Undervalued Compared To Its Peers (Rating Downgrade)Summary CVR Partners' 2Q 2023 financial results were weaker than expected, resulting in a lower-than-expected available cash for distribution. Sales volumes for ammonia and UAN were strong in 2Q 2023, but prices decreased significantly. Despite the drop in stock price, CVR Partners' profit margin and return on equity are higher than its peers, making it an attractive investment. I estimate CVR Partners' 3Q 2023 cash distribution to be between $2.4 to $3.3. I calculate a 1-year dividend yield of between 10% to 13% for CVR Partners. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$76.74, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 15x in the Chemicals industry in the US. Total returns to shareholders of 1,147% over the past three years.Seeking Alpha • Aug 04CVR Partners: Likely A Yield TrapSummary Fertilizer prices are down to mid-2021 levels yet UAN trades ≈$25 above its mid-2021 levels. The supply and demand outlook for fertilizers seems bearish. Going forward the distribution for UAN will likely be half of what we've seen over the last year and there is a further left-tail risk of the unit price overcorrecting. Read the full article on Seeking AlphaUpcoming Dividend • Aug 04Upcoming dividend of US$4.14 per share at 28% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 21 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 28%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (2.0%).Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: US$5.66 (vs US$11.12 in 2Q 2022)Second quarter 2023 results: EPS: US$5.66 (down from US$11.12 in 2Q 2022). Revenue: US$183.0m (down 25% from 2Q 2022). Net income: US$59.9m (down 49% from 2Q 2022). Profit margin: 33% (down from 48% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 01CVR Partners, LP Declares Cash Distribution for the Second Quarter 2023, Payable on August 21, 2023CVR Partners announced that the Board of Directors of its general partner declared a second quarter 2023 cash distribution of $4.14 per common unit, which will be paid on August 21, 2023, to common unitholders of record as of August 14, 2023.Seeking Alpha • Jul 25CVR Partners: Looking More Attractively Priced Ahead Of EarningsSummary CVR Partners is set to report its Q2 earnings on July 31st. The company's earnings are largely dependent on nitrogen fertilizer prices, which have been declining. The company pre-sells much of its production, which can lead to better pricing in a declining price environment. However, current pricing levels are expected to eventually impact its results. Despite a likely decline in Q2 EBITDA and dividend, UAN stock is fairly attractive at current levels. Read the full article on Seeking AlphaSeeking Alpha • Jun 17CVR Partners: A Distribution Yield Of Between 29% And 35%Summary CVR Partners' 1Q 2023 results were stronger than expected, with a distribution of $10.43 per common unit. For the second quarter of 2023, I estimate UAN's available cash for distribution to be between $66 to $80 million. Also, I estimate the company's distribution per common unit for 2Q 2023 to be between $6.2 to $7.6. I project CVR Partners' 1-year forward distribution yield to be between 29% to 35%, making the stock a strong buy. However, keep in mind that factors such as economic headwinds and lower ammonia and UAN prices could potentially impact the company's performance. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • May 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$84.03, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 13x in the Chemicals industry in the US. Total returns to shareholders of 1,394% over the past three years.Reported Earnings • May 03First quarter 2023 earnings released: EPS: US$9.64 (vs US$8.78 in 1Q 2022)First quarter 2023 results: EPS: US$9.64 (up from US$8.78 in 1Q 2022). Revenue: US$226.3m (up 1.5% from 1Q 2022). Net income: US$101.9m (up 8.8% from 1Q 2022). Profit margin: 45% (up from 42% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Mar 21Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Executive Chairman of CVR GP LLC Dave Lamp was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$117, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 13x in the Chemicals industry in the US. Total returns to shareholders of 705% over the past three years.Reported Earnings • Feb 22Full year 2022 earnings released: EPS: US$27.08 (vs US$7.31 in FY 2021)Full year 2022 results: EPS: US$27.08 (up from US$7.31 in FY 2021). Revenue: US$835.6m (up 57% from FY 2021). Net income: US$286.8m (up 267% from FY 2021). Profit margin: 34% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 09CVR Partners, LP to Report Q4, 2022 Results on Feb 21, 2023CVR Partners, LP announced that they will report Q4, 2022 results After-Market on Feb 21, 2023株主還元UANUS ChemicalsUS 市場7D3.1%-2.7%2.4%1Y29.7%6.0%19.6%株主還元を見る業界別リターン: UAN過去 1 年間で6 % の収益を上げたUS Chemicals業界を上回りました。リターン対市場: UAN過去 1 年間で19.6 % の収益を上げたUS市場を上回りました。価格変動Is UAN's price volatile compared to industry and market?UAN volatilityUAN Average Weekly Movement4.0%Chemicals Industry Average Movement5.9%Market Average Movement7.2%10% most volatile stocks in US Market16.3%10% least volatile stocks in US Market3.1%安定した株価: UAN 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: UANの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2007320Dane Neumannwww.cvrpartners.comCVR Partners, LPは子会社とともに、米国で窒素肥料の製造・販売を行っている。同社はアンモニアと尿素硝酸アンモニウム製品を提供している。同社は農業と工業の顧客にサービスを提供している。同社は2007年に設立され、テキサス州シュガーランドを拠点としている。もっと見るCVR Partners, LP 基礎のまとめCVR Partners の収益と売上を時価総額と比較するとどうか。UAN 基礎統計学時価総額US$1.33b収益（TTM）US$160.22m売上高(TTM)US$676.86m8.3xPER（株価収益率2.0xP/SレシオUAN は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計UAN 損益計算書（TTM）収益US$676.86m売上原価US$362.52m売上総利益US$314.34mその他の費用US$154.12m収益US$160.22m直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）15.16グロス・マージン46.44%純利益率23.67%有利子負債／自己資本比率158.1%UAN の長期的なパフォーマンスは？過去の実績と比較を見る配当金8.4%現在の配当利回り95%配当性向UAN 配当は確実ですか？UAN 配当履歴とベンチマークを見るUAN 、いつまでに購入すれば配当金を受け取れますか？CVR Partners 配当日配当落ち日Aug 10 2026配当支払日Aug 17 2026配当落ちまでの日数6 days配当支払日までの日数13 daysUAN 配当は確実ですか？UAN 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/04 10:30終値2026/08/03 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CVR Partners, LP 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6 アナリスト機関Farooq HamedBarclaysChristopher PerrellaBofA Global ResearchAdam SamuelsonGoldman Sachs3 その他のアナリストを表示
Declared Dividend • 9hSecond quarter dividend of US$6.08 announcedShareholders will receive a dividend of US$6.08. Ex-date: 10th August 2026 Payment date: 17th August 2026 Dividend yield will be 12%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 6.1% to bring the payout ratio under control. However, EPS has declined by 5.2% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Jul 31Second quarter 2026 earnings released: EPS: US$7.33 (vs US$3.67 in 2Q 2025)Second quarter 2026 results: EPS: US$7.33 (up from US$3.67 in 2Q 2025). Revenue: US$202.2m (up 20% from 2Q 2025). Net income: US$77.5m (up 100% from 2Q 2025). Profit margin: 38% (up from 23% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Seeking Alpha • Jul 31CVR Partners: Why The Latest Big Distribution Might Not Be The LastSummary CVR Partners is on track for a $16.37 total 2026 distribution, yielding 12.8% at current prices, driven by strong operations and product pricing. CVRP's Q3 distribution is projected near $6 despite lower prices and a major turnaround, supported by inventory draws and operating reserves. Capacity expansions at E. Dubuque and DEF upgrades at Coffeyville are underway, enhancing reliability, flexibility, and incremental distributable cash flow. Industry consolidation and antitrust risks limit takeover prospects, but high replacement costs and advantaged feedstocks support CVRP's long-term value proposition. Read the full article on Seeking Alpha
お知らせ • Jul 30CVR Partners, LP Provides Production Guidance for the Third Quarter 2026CVR Partners, LP provided production guidance for the third quarter 2026 . For the quarter, the company expects Ammonia utilization rates to be 75% to 80%.
お知らせ • Jul 16CVR Partners, LP to Report Q2, 2026 Results on Jul 29, 2026CVR Partners, LP announced that they will report Q2, 2026 results After-Market on Jul 29, 2026
Board Change • Jul 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Director of CVR GP LLC Dave Lamp is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Declared Dividend • 9hSecond quarter dividend of US$6.08 announcedShareholders will receive a dividend of US$6.08. Ex-date: 10th August 2026 Payment date: 17th August 2026 Dividend yield will be 12%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 6.1% to bring the payout ratio under control. However, EPS has declined by 5.2% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Jul 31Second quarter 2026 earnings released: EPS: US$7.33 (vs US$3.67 in 2Q 2025)Second quarter 2026 results: EPS: US$7.33 (up from US$3.67 in 2Q 2025). Revenue: US$202.2m (up 20% from 2Q 2025). Net income: US$77.5m (up 100% from 2Q 2025). Profit margin: 38% (up from 23% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Seeking Alpha • Jul 31CVR Partners: Why The Latest Big Distribution Might Not Be The LastSummary CVR Partners is on track for a $16.37 total 2026 distribution, yielding 12.8% at current prices, driven by strong operations and product pricing. CVRP's Q3 distribution is projected near $6 despite lower prices and a major turnaround, supported by inventory draws and operating reserves. Capacity expansions at E. Dubuque and DEF upgrades at Coffeyville are underway, enhancing reliability, flexibility, and incremental distributable cash flow. Industry consolidation and antitrust risks limit takeover prospects, but high replacement costs and advantaged feedstocks support CVRP's long-term value proposition. Read the full article on Seeking Alpha
お知らせ • Jul 30CVR Partners, LP Provides Production Guidance for the Third Quarter 2026CVR Partners, LP provided production guidance for the third quarter 2026 . For the quarter, the company expects Ammonia utilization rates to be 75% to 80%.
お知らせ • Jul 16CVR Partners, LP to Report Q2, 2026 Results on Jul 29, 2026CVR Partners, LP announced that they will report Q2, 2026 results After-Market on Jul 29, 2026
Board Change • Jul 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Director of CVR GP LLC Dave Lamp is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Jun 23+ 1 more updateCVR Partners, LP Announces CEO Changes, Effective June 18, 2026CVR Partners, LP announced that Dane Neumann, Executive Vice President and Chief Financial Officer, has been promoted to the position of Chief Executive Officer of the general partner of UAN, effective June 18, 2026, following Mark Pytosh’s resignation from the CVR Entities for personal reasons.
ライブニュース • May 16Icahn Increases Stake in CVR Partners as Quarterly Distribution Surges 80%Carl C. Icahn has reiterated a bullish stance on CVR Partners, LP, keeping the stock as a consistent holding and increasing the fund’s stake through 2024 and 2025. Interest in CVR Partners has been supported by tighter global nitrogen fertilizer supplies linked to disruptions in the Middle East and export chokepoints. The partnership recently declared a quarterly cash distribution that is nearly 80% higher than the payout a year earlier. Icahn’s ongoing commitment and increased exposure signal continued confidence in CVR Partners’ position as a domestic nitrogen fertilizer producer at a time when global supply remains constrained. The sharply higher distribution highlights the partnership’s current cash return to unitholders. However, income-focused investors should keep in mind that such distributions can fluctuate with fertilizer pricing, operating performance and capital needs.
Reported Earnings • May 05First quarter 2026 earnings released: EPS: US$4.72 (vs US$2.56 in 1Q 2025)First quarter 2026 results: EPS: US$4.72 (up from US$2.56 in 1Q 2025). Revenue: US$180.0m (up 26% from 1Q 2025). Net income: US$49.9m (up 84% from 1Q 2025). Profit margin: 28% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Declared Dividend • May 03First quarter dividend increased to US$4.00Dividend of US$4.00 is 77% higher than last year. Ex-date: 11th May 2026 Payment date: 18th May 2026 Dividend yield will be 9.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio) nor is it covered by cash flows (113% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control, which is more than the 3.3% EPS growth achieved over the last 5 years.
お知らせ • May 02CVR Partners, LP Provides Production Guidance for the Second Quarter 2026CVR Partners, LP provided production guidance for the second quarter 2026 . For the quarter, the company expects Ammonia utilization rates to be 95% to 100 %.
お知らせ • May 01CVR Partners, LP announces Quarterly dividend, payable on May 18, 2026CVR Partners, LP announced Quarterly dividend of USD 4.0000 per share payable on May 18, 2026, ex-date on May 11, 2026 and record date on May 11, 2026.
お知らせ • Apr 16CVR Partners, LP to Report Q1, 2026 Results on Apr 29, 2026CVR Partners, LP announced that they will report Q1, 2026 results After-Market on Apr 29, 2026
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$120, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 24x in the Chemicals industry in the US. Total returns to shareholders of 84% over the past three years.
お知らせ • Mar 04CVR Partners, LP Announces Non-Compliance With NYSE Audit Committee RequirementCVR Partners, LP (the Partnership") deeply regrets to disclose that Brian A. Goebel, a member of the Board of Directors of the Partnership's general partner (the Board"), passed away on February 20, 2026. Mr. Goebel joined the Board in October 2025. Mr. Goebel, an independent director, served as a member and chair of the Board's Audit Committee, as well as a member of the Board's Compensation Committee and Environmental, Health & Safety Committee at the time of his passing. Following Mr. Goebel's death, the Board has been reduced to five members, two of whom are independent directors. The Audit Committee has been reduced to two members, both of whom are independent directors. As a result, the Partnership is no longer compliant with Section 303A.07(a) of the New York Stock Exchange (NYSE") Listed Company Manual (the Listed Company Manual"), which requires that the audit committee of an NYSE-listed company consist of at least three members, each of whom is an independent director. The Partnership notified the NYSE of Mr. Goebel's passing and the resulting non-compliance with the Listed Company Manual on February 25, 2026. On March 3, 2026, the Partnership received notice from the NYSE that it became non-compliant with the audit committee requirement set in Listed Company Manual Section 303A.07(a) as a result of Mr. Goebel's death. The Partnership has initiated a search for a new independent director to join the Board and the Audit Committee and expects to announce a replacement as soon as reasonably practicable. Upon appointing a new member of the Audit Committee that meets the independence requirements of Section 10A of, and Rule 10A-3 under, the Securities Exchange Act of 1934, as amended, and Section 303A.02 of the Listed Company Manual, the Partnership will regain compliance with the applicable NYSE listing standard.
Declared Dividend • Feb 22Fourth quarter dividend of US$0.37 announcedShareholders will receive a dividend of US$0.37. Ex-date: 2nd March 2026 Payment date: 9th March 2026 Dividend yield will be 10%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio) nor is it covered by cash flows (113% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control, which is more than the 11% EPS growth achieved over the last 5 years.
New Risk • Feb 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 113% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 113% Minor Risk High level of debt (180% net debt to equity).
Reported Earnings • Feb 19Full year 2025 earnings released: EPS: US$9.33 (vs US$5.76 in FY 2024)Full year 2025 results: EPS: US$9.33 (up from US$5.76 in FY 2024). Revenue: US$606.0m (up 15% from FY 2024). Net income: US$98.7m (up 62% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Feb 19CVR Partners, LP Declares Cash Distribution for Fourth Quarter of 2025, Payable on March 9, 2026CVR Partners, LP announced that the board of directors of its general partner declared a fourth quarter 2025 cash distribution of $0.37 per common unit, which will be paid on March 9, 2026, to common unitholders of record as of March 2, 2026.
お知らせ • Feb 05CVR Partners, LP to Report Q4, 2025 Results on Feb 18, 2026CVR Partners, LP announced that they will report Q4, 2025 results After-Market on Feb 18, 2026
お知らせ • Jan 27CVR Partners, LP Provides Earnings Guidance for the Fourth Quarter and Full-Year Ended December 31, 2025CVR Partners, LP provided earnings guidance for the Fourth Quarter and Full-Year Ended December 31, 2025. For the quarter, the company estimates net loss of $14 million to $7 million. For the year, the company estimates net income Of $95 million to $102 million.
Recent Insider Transactions Derivative • Dec 14CEO, President & Director of CVR GP LLC exercised options and sold US$865k worth of stockOn the 10th of December, Mark Pytosh exercised options to acquire 9k shares at no cost and sold these for an average price of US$94.92 per share. This trade did not impact their existing holding. For the year to December 2018, Mark's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Mark has owned 30.59k shares directly. This was the only transaction from an insider over the last 12 months.
Declared Dividend • Nov 02Third quarter dividend of US$4.02 announcedShareholders will receive a dividend of US$4.02. Ex-date: 10th November 2025 Payment date: 17th November 2025 Dividend yield will be 13%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: US$4.08 (vs US$0.36 in 3Q 2024)Third quarter 2025 results: EPS: US$4.08 (up from US$0.36 in 3Q 2024). Revenue: US$163.5m (up 31% from 3Q 2024). Net income: US$43.1m (up US$39.3m from 3Q 2024). Profit margin: 26% (up from 3.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 30CVR Partners, LP Declares Cash Dividend for the Third Quarter 2025, Payable on November 17, 2025CVR Partners announced that the Board of Directors of its general partner declared a third quarter 2025 cash distribution of $4.02 per common unit, which will be paid on November 17, 2025, to common unitholders of record as of November 10, 2025.
お知らせ • Oct 16CVR Partners, LP to Report Q3, 2025 Results on Oct 29, 2025CVR Partners, LP announced that they will report Q3, 2025 results After-Market on Oct 29, 2025
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: US$3.67 (vs US$2.48 in 2Q 2024)Second quarter 2025 results: EPS: US$3.67 (up from US$2.48 in 2Q 2024). Revenue: US$168.6m (up 27% from 2Q 2024). Net income: US$38.8m (up 48% from 2Q 2024). Profit margin: 23% (up from 20% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 31CVR Partners, LP Declares Second Quarter 2025 Cash Distribution, Payable on August 18, 2025CVR Partners announced that the Board of Directors of its general partner declared a second quarter 2025 cash distribution of $3.89 per common unit, which will be paid on August 18, 2025, to common unitholders of record as of August 11, 2025.
お知らせ • Jul 17CVR Partners, LP to Report Q2, 2025 Results on Jul 30, 2025CVR Partners, LP announced that they will report Q2, 2025 results After-Market on Jul 30, 2025
Declared Dividend • May 01First quarter dividend increased to US$2.26Dividend of US$2.26 is 18% higher than last year. Ex-date: 12th May 2025 Payment date: 19th May 2025 Dividend yield will be 8.9%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 29First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: US$142.9m (up 12% from 1Q 2024). Net income: US$27.1m (up 115% from 1Q 2024). Profit margin: 19% (up from 9.9% in 1Q 2024).
お知らせ • Apr 29+ 1 more updateCVR Partners, LP Declares First Quarter 2025 Cash Distribution, Payable on May 19, 2025CVR Partners announced that the Board of Directors of its general partner declared a first quarter 2025 cash distribution of $2.26 per common unit, which will be paid on May 19, 2025, to common unitholders of record as of May 12, 2025.
お知らせ • Apr 24CVR Partners, LP, Annual General Meeting, Jun 05, 2025CVR Partners, LP, Annual General Meeting, Jun 05, 2025.
お知らせ • Apr 15CVR Partners, LP to Report Q1, 2025 Results on Apr 28, 2025CVR Partners, LP announced that they will report Q1, 2025 results After-Market on Apr 28, 2025
Seeking Alpha • Apr 13CVR Partners: The Nitrogen Fertilizer Market Looking Ripe For An UpswingSummary CVR Partners is poised for market-beating returns due to favorable nitrogen fertilizer demand-supply dynamics, despite a slightly stretched valuation. Strong 4Q24 performance with impressive YoY bottom-line growth and robust cash distribution, despite weather-related challenges impacting sales volumes. Buoyant market conditions driven by rising corn prices, increased farm income from government assistance, and tight global nitrogen fertilizer supply. Insider buying by Carl Icahn boosts confidence in CVR's prospects, with valuation metrics comparable to peers, justifying a buy rating. Read the full article on Seeking Alpha
Buy Or Sell Opportunity • Feb 26Now 21% undervaluedOver the last 90 days, the stock has risen 2.7% to US$77.85. The fair value is estimated to be US$98.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Earnings per share has declined by 32%.
Declared Dividend • Feb 21Fourth quarter dividend of US$1.75 announcedShareholders will receive a dividend of US$1.75. Ex-date: 3rd March 2025 Payment date: 10th March 2025 Dividend yield will be 8.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control, which is less than the 39% EPS growth achieved over the last 5 years.
Reported Earnings • Feb 19Full year 2024 earnings released: EPS: US$5.76 (vs US$16.31 in FY 2023)Full year 2024 results: EPS: US$5.76 (down from US$16.31 in FY 2023). Revenue: US$525.3m (down 23% from FY 2023). Net income: US$60.9m (down 65% from FY 2023). Profit margin: 12% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 19+ 1 more updateCVR Partners, LP Provides Production Guidance for the First Quarter of 2025CVR Partners, LP provided production guidance for the first quarter of 2025. For the quarter, the company expects Ammonia utilization rates to be 95% to 100%.
お知らせ • Feb 04CVR Partners, LP to Report Q4, 2024 Results on Feb 18, 2025CVR Partners, LP announced that they will report Q4, 2024 results After-Market on Feb 18, 2025
Seeking Alpha • Jan 26CVR Partners, LP: The Ultimate Fertilizer PlaySummary CVR Partners, LP is uniquely positioned to benefit from global trade shifts, European gas crises, and rising corn prices, driving demand for nitrogen fertilizers. Trump's tariffs and deregulation policies enhance UAN's competitive edge, reducing production costs and increasing strategic value in the fertilizer sector. Carl Icahn’s increased stake and bullish outlook signal strong insider confidence in UAN’s future growth and value appreciation. With valuation multiples rising in the nitrogen fertilizer sector, UAN stands to gain significantly from market undervaluation and operating leverage. The 2017 TCJA reduced the corporate tax rate, diminishing MLP tax advantages. Lowering the rate further to 15% could prompt UAN to shed its MLP structure, unlocking value through broader investor access, increased liquidity, and potential acquisition appeal. Read the full article on Seeking Alpha
Seeking Alpha • Jan 18CVR Partners: A Genuinely High-Risk High-Reward SituationSummary CVR Partners' success hinges on macroeconomic factors, with a high-risk profile due to debt and cyclical industry nature. Valuing CVR Partners requires a long-term perspective, with potential returns of 6-7% annually, but significant risks and volatility. Current prices do not present a compelling opportunity; short-term T-Bills with ~4.25% interest offer a better risk/reward profile. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Dec 15CEO, President & Director of CVR GP LLC exercised options and sold US$671k worth of stockOn the 11th of December, Mark Pytosh exercised options to acquire 9k shares at no cost and sold these for an average price of US$77.88 per share. This trade did not impact their existing holding. For the year to December 2017, Mark's total compensation was 23% salary and 77% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Mark has owned 30.59k shares directly. This was the only transaction from an insider over the last 12 months.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$80.89, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 23x in the Chemicals industry in the US. Total returns to shareholders of 82% over the past three years.
Declared Dividend • Nov 01Third quarter dividend of US$1.19 announcedShareholders will receive a dividend of US$1.19. Ex-date: 8th November 2024 Payment date: 18th November 2024 Dividend yield will be 10%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio) nor is it covered by cash flows (207% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control, which is more than the 45% EPS growth achieved over the last 5 years.
Seeking Alpha • Oct 30CVR Partners: Patience Is Required (Rating Downgrade)Summary CVR Partners has seen no takeover developments since the initial announcement in March. Betting on a deal is highly speculative. Lower distributions are expected in the next quarters due to higher natgas prices, operating expenses, and upcoming maintenance at Coffeyville. At mid-cycle product prices, the 2024 yield of 9.6% based on a $70 unit price looks like a fair yield given the variability in distributions. Long-term projects to improve reliability and feedstock flexibility may help UAN navigate future bottom-cycle conditions, but current volatility warrants a Hold rating. Read the full article on Seeking Alpha
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.069 in 3Q 2023)Third quarter 2024 results: EPS: US$0.36 (up from US$0.069 in 3Q 2023). Revenue: US$125.2m (down 4.1% from 3Q 2023). Net income: US$3.81m (up 421% from 3Q 2023). Profit margin: 3.0% (up from 0.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year.
お知らせ • Oct 29CVR Partners, LP Declares Third Quarter 2024 Cash Distribution, Payable on November 18, 2024CVR Partners also announced that on October 28, 2024, the Board of Directors of the Partnership’s general partner declared a third quarter 2024 cash distribution of $1.19 per common unit, which will be paid on November 18, 2024, to common unitholders of record as of November 8, 2024.
Seeking Alpha • Oct 15CVR Partners: Special SituationSummary CVR Partners is undervalued and likely to be acquired within six months, offering potential returns of 60% to 375%. The acquisition is supported by comparable transactions, strategic interest, and a favorable regulatory environment. CVRP's strong cash flow, low leverage, and strategic importance in nitrogen fertilizer ensure downside protection. Recommend purchasing CVRP units or January call options at $110 for high return potential and portfolio diversification. Read the full article on Seeking Alpha
お知らせ • Oct 15CVR Partners, LP to Report Q3, 2024 Results on Oct 28, 2024CVR Partners, LP announced that they will report Q3, 2024 results After-Market on Oct 28, 2024
お知らせ • Jul 31CVR Partners, LP Declares Second Quarter 2024 Cash Distribution, Payable on August 19, 2024CVR Partners, LP announced that the Board of Directors of its general partner declared a second quarter 2024 cash distribution of $1.90 per common unit, which will be paid on August 19, 2024, to common unitholders of record as of August 12, 2024.
Seeking Alpha • Jul 31CVR Partners: Focus Less On A Takeover, More On The Near 10% DistributionSummary CVR Partners has received attention for potential takeover after its parent company announced exploring strategic transactions. Despite speculation of high takeover prices, CVR Partners remains an attractive income investment at mid-cycle conditions with improving demand and feedstock cost savings. Forecasting a distribution of $2.65 per quarter in 4Q 2024 and 1Q 2025, offering a yield of 10.4% based on 2024 payout. A buyout by CVR Energy is still a possibility, at a lower premium than many speculators have been discussing. Read the full article on Seeking Alpha
Reported Earnings • Jul 30Second quarter 2024 earnings released: EPS: US$2.48 (vs US$5.66 in 2Q 2023)Second quarter 2024 results: EPS: US$2.48 (down from US$5.66 in 2Q 2023). Revenue: US$132.9m (down 27% from 2Q 2023). Net income: US$26.2m (down 56% from 2Q 2023). Profit margin: 20% (down from 33% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Jul 25The Market Is Not Pricing CVR Partners Like A Cyclical CompanySummary CVR Partners LP's performance over the past few years improved due to high product prices and not operating efficiencies. Product prices have declined from 2021 peak and I would expect CVR's performance to follow. But the company is financially sound. My valuation based on cycle performance shows no margin of safety compared to the current market price. Read the full article on Seeking Alpha
お知らせ • Jul 16CVR Partners, LP to Report Q2, 2024 Results on Jul 29, 2024CVR Partners, LP announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2024
Seeking Alpha • May 12CVR Partners: The Chances Of A Near-Term Sale Are IncreasingSummary CVR Partners is an undervalued stock with significant opportunity due to its unique competitive advantages and lack of professional analyst coverage. CVRP's competitive advantages include its proximity to the US corn belt, production of low-carbon ammonia, use of pet coke as feedstock, and focus on nitrogen fertilizer for agricultural applications. The North American fertilizer market has high-demand and limited supply, creating a potential premium for existing plants like CVRP. A sale of CVRP is highly likely, offering significant upside potential. Read the full article on Seeking Alpha
Declared Dividend • May 02First quarter dividend of US$1.92 announcedShareholders will receive a dividend of US$1.92. Ex-date: 10th May 2024 Payment date: 20th May 2024 Dividend yield will be 12%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) nor is it covered by cash flows (144% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control, which is less than the 56% EPS growth achieved over the last 5 years.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: US$1.19 (vs US$9.64 in 1Q 2023)First quarter 2024 results: EPS: US$1.19 (down from US$9.64 in 1Q 2023). Revenue: US$127.7m (down 44% from 1Q 2023). Net income: US$12.6m (down 88% from 1Q 2023). Profit margin: 9.9% (down from 45% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 30CVR Partners Declares a First Quarter 2024 Cash Distribution, Payable on May 20, 2024CVR Partners announced that the Board of Directors of its general partner declared a first quarter 2024 cash distribution of $1.92 per common unit, which will be paid on May 20, 2024, to common unitholders of record as of May 13, 2024.
Seeking Alpha • Apr 24CVR Partners: Q1 Distribution Outlook And Potential BuyoutSummary Given current fertilizer prices, CVR Partners should see a higher Q1 distribution compared to Q4. Icahn Enterprises has said it may look to acquire or sell its stake in the fertilizer maker. The pending sale of a fertilizer plant to Koch Ag & Energy Solutions suggests that CVR Partners' plants are undervalued. Read the full article on Seeking Alpha
お知らせ • Apr 17CVR Partners, LP to Report Q1, 2024 Results on Apr 29, 2024CVR Partners, LP announced that they will report Q1, 2024 results After-Market on Apr 29, 2024
Seeking Alpha • Apr 10CVR Partners: Is This Huge Yield A Buy?Summary CVR Partners is a high-yielding business, but its cyclicality makes it a risky investment. Fertilizer prices are volatile and impact CVR Partners' profitability. CVR Partners generates hefty dividends during good times, but its future cash flow generation is uncertain. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$78.56, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 20x in the Chemicals industry in the US. Total returns to shareholders of 284% over the past three years.
Seeking Alpha • Mar 19CVR Partners Likely To Be Bought: What Is Its Real Value?Summary CVR Partners, a fertilizer business that is 37% owned by CVR Energy, is exploring strategic options for a potential sale. A comparable sale of a similar asset suggests a vastly higher valuation for CVR Partners. Various valuation methods indicate that the current market price of CVR Partners units is vastly lower than their potential value. Read the full article on Seeking Alpha
Declared Dividend • Feb 23Fourth quarter dividend of US$1.68 announcedShareholders will receive a dividend of US$1.68. Ex-date: 1st March 2024 Payment date: 11th March 2024 Dividend yield will be 26%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (86% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control, which is less than the 62% EPS growth achieved over the last 5 years.
Seeking Alpha • Feb 23CVR Partners: Looking For A Higher Distribution In Q1Summary CVR Partners reported Q4 results pretty much in line with my expectations, as fertilizer prices improved in the quarter. After a variable distribution of $1.68 per common unit for Q4, I'm looking for a higher one in Q1 as fertilizer prices continue to rebound. The stock is a "Buy" based on a normalized fertilizer market environment. Read the full article on Seeking Alpha
Reported Earnings • Feb 22Full year 2023 earnings released: EPS: US$16.31 (vs US$27.08 in FY 2022)Full year 2023 results: EPS: US$16.31 (down from US$27.08 in FY 2022). Revenue: US$681.5m (down 18% from FY 2022). Net income: US$172.4m (down 40% from FY 2022). Profit margin: 25% (down from 34% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 21CVR Partners Declares a Fourth Quarter 2023 Cash Distribution, Payable on March 11, 2024 of March 4, 2024CVR Partners announced that the Board of Directors of its general partner declared a fourth quarter 2023 cashdistribution of $1.68 per common unit, which will be paid on March 11, 2024, to common unitholders of record asof March 4, 2024.
お知らせ • Feb 08CVR Partners, LP to Report Q4, 2023 Results on Feb 20, 2024CVR Partners, LP announced that they will report Q4, 2023 results After-Market on Feb 20, 2024
Seeking Alpha • Jan 22CVR Partners, LP: Lower Ammonia Prices Creates Better Buying OpportunitySummary CVR Partners LP shares have declined by 18% since my last article, but I believe it only creates a better opportunity for entry. The company has a history of paying high distributions, making it a compelling value if ammonia prices remain steady and eventually rebound. The stock chart indicates a bullish formation, with potential for a breakout and retracement to previous highs. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$73.20, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 21x in the Chemicals industry in the US. Total returns to shareholders of 716% over the past three years.
Recent Insider Transactions Derivative • Dec 18CEO, President & Director of CVR GP LLC exercised options and sold US$2.4m worth of stockOn the 13th of December, Mark Pytosh exercised options to acquire 36k shares at no cost and sold these for an average price of US$66.80 per share. This trade did not impact their existing holding. For the year to December 2016, Mark's total compensation was 24% salary and 76% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Mark has owned 30.59k shares directly. This was the only transaction from an insider over the last 12 months.
Seeking Alpha • Dec 05CVR Partners: Where The 2024 Distribution Could Be HeadedSummary CVR Partners looks attractive based on normalized earnings as nitrogen fertilizer prices have bottomed. The company should be able to produce a double-digit distribution in 2024 if fertilizer prices firm up. The stock is a "Buy" based on its distribution and stock appreciation potential. Read the full article on Seeking Alpha
Seeking Alpha • Nov 22CVR Partners Is An Agriculture Gem With >20% Income PotentialSummary CVR Partners offers high-income distributions for investors looking for dividends in the agriculture fertilizer industry. UAN operates two manufacturing facilities in Kansas and Illinois, strategically located to meet the demand for nitrogen fertilizer in the US. Despite some headwinds, UAN has a strong position in the market and has the potential to provide attractive yields for investors. Read the full article on Seeking Alpha
Upcoming Dividend • Nov 03Upcoming dividend of US$1.55 per share at 31% yieldEligible shareholders must have bought the stock before 10 November 2023. Payment date: 20 November 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 31%. Within top quartile of American dividend payers (5.3%). Higher than average of industry peers (2.2%).
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: US$0.069 (vs US$1.87 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.069 (up from US$1.87 loss in 3Q 2022). Revenue: US$130.6m (down 17% from 3Q 2022). Net income: US$731.0k (up US$20.5m from 3Q 2022). Profit margin: 0.6% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 31CVR Partners, LP Declares Third Quarter 2023 Cash Distribution, Payable on November 20, 2023CVR Partners, LP announced that on October 30, 2023, the Board of Directors of the Partnership’s general partner declared a third quarter 2023 cash distribution of $1.55 per common unit, which will be paid on November 20, 2023, to common unitholders of record as of November 13, 2023.
Seeking Alpha • Oct 31CVR Partners Became A 'Buy' AgainSummary CVR Partners' stock has declined by 33.3% since September 2022, but high dividend payouts have made it an above-average performer. The fertilizer market has experienced a sharp correction this year, causing a decline in shares of fertilizer manufacturers. The recent conflict between Hamas and Israel has sparked fears in the fertilizer market, impacting the Israeli port of Ashdod and potash fertilizer exports. On October 30, 2023, the company released its operating results for Q3 FY2023. Let's dive in. It seems to me that CVR Partners is back on the path to stability, and taking into account a possible turnaround in fertilizer prices, the company has a chance to maintain its high yield. Read the full article on Seeking Alpha
Seeking Alpha • Oct 23CVR Partners: An Excellent Dividend But It Is Worth WaitingSummary CVR Partners is a young MLP company operating in the fertilizer sector with two large production plants. The company's profitability and dividend are closely linked to the cyclical nature of the corn market. The share price already incorporates the risk of corn prices returning to 2017 levels, and there is currently a waiting phase in the market. Read the full article on Seeking Alpha
お知らせ • Oct 18CVR Partners, LP to Report Q3, 2023 Results on Oct 30, 2023CVR Partners, LP announced that they will report Q3, 2023 results After-Market on Oct 30, 2023
Seeking Alpha • Sep 30CVR Partners: Upgrading To 'Buy' As Nitrogen Fertilizer Prices BottomSummary CVR Partners has been facing pressure from lower nitrogen fertilizer prices. However, the company's plants have been running well and pricing appears to have bottomed. The stock looks attractive based on normalized earnings with a huge yield. Read the full article on Seeking Alpha
Seeking Alpha • Sep 14CVR Partners: 33% Dividend Yield, Breakout Appears ImminentSummary CVR Partners is currently paying over a 20 percent dividend. Market fundamentals are strong and I expect the profitability of CVR Partners, LP's nitrogen fertilizer business to remain strong. Technical chart patterns present an interesting bull-flag chart pattern that appears poised to break out of its trading range in the near future. If CVR Partners continues offering an elevated dividend amidst strong market fundamentals, the market will likely need to re-price CVR Partners higher as its chart and fundamentals suggest may happen soon. Read the full article on Seeking Alpha
Seeking Alpha • Aug 29CVR Partners: Lower Distributions, But Undervalued Compared To Its Peers (Rating Downgrade)Summary CVR Partners' 2Q 2023 financial results were weaker than expected, resulting in a lower-than-expected available cash for distribution. Sales volumes for ammonia and UAN were strong in 2Q 2023, but prices decreased significantly. Despite the drop in stock price, CVR Partners' profit margin and return on equity are higher than its peers, making it an attractive investment. I estimate CVR Partners' 3Q 2023 cash distribution to be between $2.4 to $3.3. I calculate a 1-year dividend yield of between 10% to 13% for CVR Partners. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$76.74, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 15x in the Chemicals industry in the US. Total returns to shareholders of 1,147% over the past three years.
Seeking Alpha • Aug 04CVR Partners: Likely A Yield TrapSummary Fertilizer prices are down to mid-2021 levels yet UAN trades ≈$25 above its mid-2021 levels. The supply and demand outlook for fertilizers seems bearish. Going forward the distribution for UAN will likely be half of what we've seen over the last year and there is a further left-tail risk of the unit price overcorrecting. Read the full article on Seeking Alpha
Upcoming Dividend • Aug 04Upcoming dividend of US$4.14 per share at 28% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 21 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 28%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (2.0%).
Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: US$5.66 (vs US$11.12 in 2Q 2022)Second quarter 2023 results: EPS: US$5.66 (down from US$11.12 in 2Q 2022). Revenue: US$183.0m (down 25% from 2Q 2022). Net income: US$59.9m (down 49% from 2Q 2022). Profit margin: 33% (down from 48% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 01CVR Partners, LP Declares Cash Distribution for the Second Quarter 2023, Payable on August 21, 2023CVR Partners announced that the Board of Directors of its general partner declared a second quarter 2023 cash distribution of $4.14 per common unit, which will be paid on August 21, 2023, to common unitholders of record as of August 14, 2023.
Seeking Alpha • Jul 25CVR Partners: Looking More Attractively Priced Ahead Of EarningsSummary CVR Partners is set to report its Q2 earnings on July 31st. The company's earnings are largely dependent on nitrogen fertilizer prices, which have been declining. The company pre-sells much of its production, which can lead to better pricing in a declining price environment. However, current pricing levels are expected to eventually impact its results. Despite a likely decline in Q2 EBITDA and dividend, UAN stock is fairly attractive at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Jun 17CVR Partners: A Distribution Yield Of Between 29% And 35%Summary CVR Partners' 1Q 2023 results were stronger than expected, with a distribution of $10.43 per common unit. For the second quarter of 2023, I estimate UAN's available cash for distribution to be between $66 to $80 million. Also, I estimate the company's distribution per common unit for 2Q 2023 to be between $6.2 to $7.6. I project CVR Partners' 1-year forward distribution yield to be between 29% to 35%, making the stock a strong buy. However, keep in mind that factors such as economic headwinds and lower ammonia and UAN prices could potentially impact the company's performance. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$84.03, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 13x in the Chemicals industry in the US. Total returns to shareholders of 1,394% over the past three years.
Reported Earnings • May 03First quarter 2023 earnings released: EPS: US$9.64 (vs US$8.78 in 1Q 2022)First quarter 2023 results: EPS: US$9.64 (up from US$8.78 in 1Q 2022). Revenue: US$226.3m (up 1.5% from 1Q 2022). Net income: US$101.9m (up 8.8% from 1Q 2022). Profit margin: 45% (up from 42% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Mar 21Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Executive Chairman of CVR GP LLC Dave Lamp was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$117, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 13x in the Chemicals industry in the US. Total returns to shareholders of 705% over the past three years.
Reported Earnings • Feb 22Full year 2022 earnings released: EPS: US$27.08 (vs US$7.31 in FY 2021)Full year 2022 results: EPS: US$27.08 (up from US$7.31 in FY 2021). Revenue: US$835.6m (up 57% from FY 2021). Net income: US$286.8m (up 267% from FY 2021). Profit margin: 34% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 09CVR Partners, LP to Report Q4, 2022 Results on Feb 21, 2023CVR Partners, LP announced that they will report Q4, 2022 results After-Market on Feb 21, 2023
