CVR Partners LP (UAN) Releases Earnings Results, Misses Expectations By $-0.36 EPS

CVR Partners LP (UAN) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.36. Analysts had a consensus of $0.21. The company posted revenue of $119.80 million in the period, compared to analysts expectations of $122.73 million. The company’s revenue was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

CVR Partners LP closed down -0.55 points or -6.88% at $7.45 with 6,98,692 shares getting traded on Thursday. Post opening the session at $7.8, the shares hit an intraday low of $7.211 and an intraday high of $7.85 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Mar 14, 2016, Donna R Ecton (director) purchased 2,000 shares at $7.20 per share price.

CVR Partners LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its facility in Coffeyville Kansas. The nitrogen fertilizer plant processes approximately 1400 tons per day of pet coke from its crude oil refinery and third-party sources. The Company’s facility includes an ammonia unit a UAN unit and a gasifier complex. The primary geographic markets for its fertilizer products are Kansas Missouri Nebraska Iowa Illinois Colorado and Texas. It markets the ammonia products to industrial and agricultural customers and the UAN products to agricultural customers retailers and distributors. In addition it operates around eight rail loading and around two truck loading racks for UAN. It also operates approximately four rail loading and around two truck loading racks for ammonia.

CVR Partners LP

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