Overview

* CVR Partners ( UAN ) Q2 net income rises to $39 mln from $26 mln yr/yr

* EBITDA for Q2 increases to $67 mln from $54 mln yr/yr

* Co declares Q2 cash distribution of $3.89 per common unit

Outlook

* Company expects Q3 ammonia utilization rate between 93% and 98%

* CVR Partners ( UAN ) projects Q3 direct operating expenses of $60 mln to $65 mln

* Company anticipates Q3 capital expenditures of $20 mln to $25 mln

Result Drivers

* STRONG PRICING - Tight supply and demand balances for nitrogen fertilizers led to strong pricing, boosting financial results

* PRODUCTION RATE - Achieved solid operating results with a combined ammonia production rate of 91%, per CEO Mark Pytosh

* PRICE INCREASE - Average realized gate prices for ammonia and UAN rose 14% and 18% respectively, supporting revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $168.56

mln

Q2 Net $38.77

Income mln

Q2 $46.32

Operatin mln

g income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)