CVR Partners LP (UAN) Releases Earnings Results, Beats Expectations By $0.05 EPS

CVR Partners LP (UAN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.20. The company posted revenue of $73.10 million in the period, compared to analysts expectations of $64.00 million. The company’s revenue was down -21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

CVR Partners LP opened for trading at $7.97 and hit $8.242 on the upside on Wednesday, eventually ending the session at $8.11, with a gain of 1.76% or 0.14 points. The heightened volatility saw the trading volume jump to 3,28,282 shares. Company has a market cap of $593 M.

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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