CVR PARTNERS, LPUANEarnings & Financial Report
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
UAN Q4 2025 Key Financial Metrics
Revenue
$131.1M
Gross Profit
$5.8M
Operating Profit
$-2.9M
Net Profit
$-10.3M
Gross Margin
4.4%
Operating Margin
-2.2%
Net Margin
-7.8%
YoY Growth
-6.1%
EPS
$-0.98
Financial Flow
CVR PARTNERS, LP Q4 2025 Financial Summary
CVR PARTNERS, LP reported revenue of $131.1M (down 6.1% YoY) for Q4 2025, with a net profit of $-10.3M (down 156.1% YoY) (-7.8% margin). Cost of goods sold was $125.3M, operating expenses totaled $8.7M.
Key Financial Metrics
| Total Revenue | $131.1M |
|---|---|
| Net Profit | $-10.3M |
| Gross Margin | 4.4% |
| Operating Margin | -2.2% |
| Report Period | Q4 2025 |
Revenue Breakdown
CVR PARTNERS, LP Q4 2025 revenue of $131.1M breaks down across 4 segments, led by Product UAN at $64.7M (49.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Product UAN | $64.7M | 49.4% |
| Product Ammonia | $50.5M | 38.5% |
| Products Other | $8.5M | 6.5% |
| Product Urea Products | $7.4M | 5.6% |
CVR PARTNERS, LP Revenue by Segment — Quarterly Trend
CVR PARTNERS, LP revenue by segment across the last 4 reported quarters, showing how each business line (such as Product UAN and Product Ammonia) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Product UAN | $64.7M | $114.0M | $109.5M | $86.1M |
| Product Ammonia | $50.5M | $25.4M | $34.1M | $33.2M |
| Products Other | $8.5M | $13.7M | $14.7M | $14.3M |
| Product Urea Products | $7.4M | $10.5M | $10.2M | $9.3M |
CVR PARTNERS, LP Annual Revenue by Year
CVR PARTNERS, LP annual revenue history includes year-by-year totals (for example, 2025 revenue was $606.0M). Click any linked year to see what changed vs the prior annual report.
CVR PARTNERS, LP Quarterly Revenue & Net Profit History
CVR PARTNERS, LP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $131.1M | -6.1% | $-10.3M | -7.8% |
| Q3 2025 | $163.5M | +30.6% | $43.1M | 26.3% |
| Q2 2025 | $168.6M | +26.8% | $38.8M | 23.0% |
| Q1 2025 | $142.9M | +11.9% | $27.1M | 19.0% |
| Q4 2024 | $139.6M | -1.5% | $18.3M | 13.1% |
| Q3 2024 | $125.2M | -4.1% | $3.8M | 3.0% |
| Q2 2024 | $132.9M | -27.4% | $26.2M | 19.7% |
| Q1 2024 | $127.7M | -43.6% | $12.6M | 9.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $127.7M | $132.9M | $125.2M | $139.6M | $142.9M | $168.6M | $163.5M | $131.1M |
| YoY Growth | -43.6% | -27.4% | -4.1% | -1.5% | 11.9% | 26.8% | 30.6% | -6.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $972.2M | $959.4M | $986.6M | $1.02B | $1.01B | $998.0M | $1.04B | $969.5M |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $42.4M | $8.6M | $86.7M | $12.8M | $55.4M | $24.1M | $91.7M | $-21.6M |