CVR Partners, LP

NYSE:UAN 주식 리포트

시가총액: US$1.4b

CVR Partners 과거 순이익 실적

과거 기준 점검 5/6

CVR Partners의 수입은 연평균 -5.3%의 비율로 감소해 온 반면, Chemicals 산업은 수입이 연평균 2.9% 감소했습니다. 매출은 연평균 0.5%의 비율로 감소해 왔습니다. CVR Partners의 자기자본이익률은 46.2%이고 순이익률은 23.7%입니다.

핵심 정보

-5.27%

순이익 성장률

-5.19%

주당순이익(EPS) 성장률

Chemicals 산업 성장률12.93%
매출 성장률-0.45%
자기자본이익률46.18%
순이익률23.67%
최근 순이익 업데이트30 Jun 2026

최근 과거 실적 업데이트

Recent updates

Seeking Alpha • Sep 09

CVR Partners: Middle East Supply Shocks And Domestic Cost Advantages Make This 12%+ Yield A Compelling Buy

Summary CVR Partners is uniquely positioned to benefit from Middle East supply disruptions, driving favorable domestic nitrogen fertilizer pricing and robust cash flows. UAN's operational moat stems from proprietary feedstock flexibility, low-cost production, and strategic plant locations, ensuring resilience against natural gas price volatility. Management's disciplined capital allocation, strong $187M liquidity, and self-funded growth underpin double-digit distribution yields and financial stability. I reiterate a BUY rating, citing durable cost advantages, geopolitical tailwinds, and superior free cash flow potential versus peers. Read the full article on Seeking Alpha
Seeking Alpha • Apr 13

CVR Partners: The Nitrogen Fertilizer Market Looking Ripe For An Upswing

Summary 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
Seeking Alpha • Jan 26

CVR Partners, LP: The Ultimate Fertilizer Play

Summary 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 18

CVR Partners: A Genuinely High-Risk High-Reward Situation

Summary 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
Seeking Alpha • Oct 30

CVR 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
Seeking Alpha • Oct 15

CVR Partners: Special Situation

Summary 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
Seeking Alpha • Jul 31

CVR Partners: Focus Less On A Takeover, More On The Near 10% Distribution

Summary 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
Seeking Alpha • Jul 25

The Market Is Not Pricing CVR Partners Like A Cyclical Company

Summary 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
Seeking Alpha • May 12

CVR Partners: The Chances Of A Near-Term Sale Are Increasing

Summary 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
Seeking Alpha • Apr 24

CVR Partners: Q1 Distribution Outlook And Potential Buyout

Summary 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
Seeking Alpha • Apr 10

CVR 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
Seeking Alpha • Mar 19

CVR 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
Seeking Alpha • Feb 23

CVR Partners: Looking For A Higher Distribution In Q1

Summary 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
Seeking Alpha • Jan 22

CVR Partners, LP: Lower Ammonia Prices Creates Better Buying Opportunity

Summary 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
Seeking Alpha • Dec 05

CVR Partners: Where The 2024 Distribution Could Be Headed

Summary 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 22

CVR Partners Is An Agriculture Gem With >20% Income Potential

Summary 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
Seeking Alpha • Oct 31

CVR Partners Became A 'Buy' Again

Summary 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 23

CVR Partners: An Excellent Dividend But It Is Worth Waiting

Summary 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
Seeking Alpha • Sep 30

CVR Partners: Upgrading To 'Buy' As Nitrogen Fertilizer Prices Bottom

Summary 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 14

CVR Partners: 33% Dividend Yield, Breakout Appears Imminent

Summary 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 29

CVR 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
Seeking Alpha • Aug 04

CVR Partners: Likely A Yield Trap

Summary 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
Seeking Alpha • Jul 25

CVR Partners: Looking More Attractively Priced Ahead Of Earnings

Summary 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 17

CVR 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

매출 및 비용 세부 내역

CVR Partners가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.

순이익 및 매출 추이

NYSE:UAN 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
30 Jun 26677160360
31 Mar 26643121370
31 Dec 2560699360
30 Sep 25615127350
30 Jun 2557688340
31 Mar 2554175310
31 Dec 2452561310
30 Sep 2452753310
30 Jun 2453350310
31 Mar 2458383330
31 Dec 23681172330
30 Sep 23752258340
30 Jun 23778237340
31 Mar 23839295340
31 Dec 22836287350
30 Sep 22812253310
30 Jun 22801308300
31 Mar 22695197310
31 Dec 2153378280
30 Sep 214340240
30 Jun 21369-54220
31 Mar 21336-103190
31 Dec 20350-98190
30 Sep 20346-106210
30 Jun 20355-110230
31 Mar 20387-50250
31 Dec 19404-35260
30 Sep 19416-11260
30 Jun 19408-2260
31 Mar 19363-37260
31 Dec 18351-50250
30 Sep 18331-76300
30 Jun 18321-95300
31 Mar 18325-82290
31 Dec 17331-73260
30 Sep 17338-60260
30 Jun 17347-42270
31 Mar 17369-55280
31 Dec 16356-27340
30 Sep 163376240
30 Jun 163086220
31 Mar 1626950190
31 Dec 1528962180
30 Sep 1529868170

양질의 수익: UAN는 고품질 수익을 보유하고 있습니다.

이익 마진 증가: UAN의 현재 순 이익률 (23.7%)은 지난해 (15.3%)보다 높습니다.

잉여현금흐름 대비 순이익 분석

과거 순이익 성장 분석

수익추이: UAN는 지난 5년 동안 흑자전환하며 연평균 -5.3%의 수익 성장을 기록했습니다.

성장 가속화: 지난 1년간 UAN 의 수익 증가율(82.2%)은 연간 평균(-5.3%)을 초과합니다.

수익 대 산업: UAN의 지난 1년 수익 증가율(82.2%)은 Chemicals 업계의 2.4%를 상회했습니다.

자기자본이익률

높은 ROE: UAN의 자본 수익률(46.18%)은 뛰어남이지만 높은 부채 수준으로 인해 왜곡되어 있습니다.

총자산이익률

투하자본수익률

우수한 과거 실적 기업을 찾아보세요

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기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/09/11 23:19
종가2026/09/11 00:00
수익2026/06/30
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

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산업 및 섹터 지표

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분석가 소스

CVR Partners, LP는 6명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Farooq HamedBarclays
Christopher PerrellaBofA Global Research
Adam SamuelsonGoldman Sachs