CVR Partners LP (UAN) financial statements: income statement, balance sheet and cash flow

CVR Partners LP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CVR Partners LP reported revenue of $606.0M (+15.4% year on year) and net income of $98.7M (+62.0% year on year).

Income statement

CVR Partners LP income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net sales$606.0M$525.3M$681.5M$835.6M
Cost of materials and other$106.7M$104.1M$134.4M$130.9M
Direct operating expenses (exclusive of depreciation and amortization)$254.1M$214.2M$234.9M$270.2M
Depreciation and amortization$81.9M$88.1M$79.7M$82.1M
Cost of sales$442.7M$406.5M$449.0M$483.2M
Selling, general and administrative expenses$33.6M$28.4M$29.5M$32.2M
Loss on asset disposals$1.1M$100.0K$1.5M$263.0K
Operating income$128.7M$90.4M$201.4M$319.9M
Interest expense, net($30.3M)($29.8M)($28.7M)($34.1M)
Other income (expense), net$326.0K$453.0K($33.0K)$1.1M
Income before income taxes$98.6M$61.0M$172.7M$287.0M
Income tax (benefit) expense($23.0K)$77.0K$289.0K$160.0K
Net income$98.7M$60.9M$172.4M$286.8M
Basic earnings per common unit (in dollars per unit)$9.33$5.76$16.31$27.07
Diluted earnings per common unit (in dollars per unit)$9.33$5.76$16.31$27.07
Basic (in units)10.6M10.6M10.6M10.6M
Diluted (in units)10.6M10.6M10.6M10.6M
CVR Partners LP income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Net sales$202.2M$180.0M$163.5M$168.6M
Cost of materials and other$28.1M$29.4M$25.4M$32.5M
Direct operating expenses (exclusive of depreciation and amortization)$58.7M$63.2M$57.7M$60.5M
Depreciation and amortization$22.2M$20.0M$20.0M$20.9M
Cost of sales$109.0M$112.6M$103.0M$113.9M
Selling, general and administrative expenses$7.5M$9.0M$9.2M$8.0M
Loss on asset disposal and project write-offs$868.0K———
Operating income$84.8M$57.6M$50.6M$46.3M
Interest expense, net($7.4M)($7.8M)($7.6M)($7.6M)
Other income, net$85.0K$114.0K$23.0K$30.0K
Income before income taxes$77.5M$49.9M$43.1M$38.8M
Income taxes$0$0$0$0
Net income$77.5M$49.9M$43.1M$38.8M
Basic earnings per common unit (in dollars per unit)$7.33$4.72$4.08$3.67
Diluted earnings per common unit (in dollars per unit)$7.33$4.72$4.08$3.67
Basic (in units)10.6M10.6M10.6M10.6M
Diluted (in units)10.6M10.6M10.6M10.6M

Balance sheet

CVR Partners LP balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and cash equivalents$69.2M$90.9M$45.3M$86.3M
Accounts receivable, net$59.0M$65.2M$41.9M$90.4M
Inventories$82.7M$75.6M$69.2M$77.5M
Prepaid expenses$1.5M$1.3M——
Other current assets$1.5M$632.0K——
Total current assets$213.9M$233.5M$165.9M$265.7M
Property, plant and equipment, net$711.8M$735.6M$761.0M$811.0M
Other long-term assets$43.8M$49.6M$48.4M$23.7M
Total assets$969.5M$1.0B$975.3M$1.1B
Accounts payable$48.4M$36.6M$38.8M$45.5M
Deferred revenue$23.0M$50.8M$15.8M$47.5M
Other current liabilities$25.4M$24.0M$20.9M$27.7M
Total current liabilities$96.8M$111.3M$75.5M$126.1M
Long-term debt and finance lease obligations, net of current portion$569.1M$568.0M——
Long-term deferred revenue$20.6M$27.0M$33.3M—
Other long-term liabilities$17.3M$19.4M$16.4M$15.7M
Total long-term liabilities$606.9M$614.3M$597.0M$562.5M
Common unitholders, 10,569,637 and 10,569,637 units issued and outstanding as of December 31, 2025 and 2024, respectively$265.7M$293.1M$302.9M$411.8M
General partner interest$1.0K$1.0K$1.0K$1.0K
Total partners’ capital$265.7M$293.1M$302.9M$411.8M
Total liabilities and partners’ capital$969.5M$1.0B$975.3M$1.1B
CVR Partners LP balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and cash equivalents$137.5M$128.1M$156.2M$114.4M
Accounts receivable, net$81.7M$52.8M$47.8M$50.5M
Inventories$94.0M$88.3M$81.9M$73.9M
Prepaid expenses$1.5M$1.6M$1.2M$2.0M
Other current assets$332.0K$332.0K$1.5M$1.5M
Total current assets$315.0M$271.2M$288.6M$242.2M
Property, plant, and equipment, net$698.6M$704.4M$705.3M$713.1M
Other long-term assets$43.6M$42.6M$43.3M$42.7M
Total assets$1.1B$1.0B$1.0B$998.0M
Accounts payable$48.4M$44.1M$39.3M$38.4M
Deferred revenue$31.8M$23.6M$35.9M$9.1M
Other current liabilities$24.4M$30.9M$32.6M$22.7M
Total current liabilities$104.6M$98.6M$107.7M$70.3M
Long-term debt and finance lease obligation, net of current portion$569.0M$569.0M$569.1M$569.2M
Long-term deferred revenue$17.4M$19.0M$22.2M$23.8M
Other long-term liabilities$19.2M$19.8M$19.6M$18.2M
Total long-term liabilities$605.6M$607.9M$611.0M$611.2M
Common unitholders, 10,569,637 and 10,569,637 units issued and outstanding as of June 30, 2026 and December 31, 2025, respectively$347.0M$311.7M$318.5M$316.5M
General partner interest$1.0K$1.0K$1.0K$1.0K
Total partners’ capital$347.0M$311.7M$318.5M$316.5M
Total liabilities and partners’ capital$1.1B$1.0B$1.0B$998.0M

Cash flow statement

CVR Partners LP cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net income$98.7M$60.9M$172.4M$286.8M
Depreciation and amortization$81.9M$88.1M$79.7M$82.1M
Amortization of deferred financing costs and original issue discount$730.0K$696.0K$754.0K$821.0K
Loss on asset disposals$1.1M$100.0K$1.5M$263.0K
Share-based compensation$9.8M$4.9M$8.2M$25.3M
Other adjustments($65.0K)$76.0K$222.0K($107.0K)
Accounts receivable$6.3M($23.3M)$27.5M($21.1M)
Inventories($7.8M)($5.7M)$6.7M($24.8M)
Prepaid expenses and other current assets($673.0K)$7.6M$1.9M($2.3M)
Accounts payable$5.7M($5.6M)($23.8M)($6.6M)
Deferred revenue($34.2M)$28.6M($23.5M)($20.5M)
Other current liabilities($11.8M)$2.2M——
Net cash provided by operating activities$149.6M$150.5M$243.5M$301.5M
Capital expenditures($50.8M)($37.1M)($24.2M)($44.7M)
Proceeds from the sale of assets$54.0K$4.0K$0$45.0K
Return of equity method investment$6.7M$5.2M$21.5M—
Net cash used in investing activities($44.1M)($31.9M)($2.7M)($44.6M)
Cash distributions to common unitholders($126.0M)($70.7M)——
Other financing activities($1.2M)($2.4M)$0($1.0K)
Net cash used in financing activities($127.2M)($73.1M)($281.9M)($283.0M)
Net (decrease) increase in cash and cash equivalents($21.6M)$45.6M($41.1M)($26.2M)
Cash and cash equivalents, beginning of period$90.9M$45.3M$86.3M$112.5M
Cash and cash equivalents, end of period$69.2M$90.9M$45.3M$86.3M
CVR Partners LP cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net income$127.4M$49.9M$108.9M$65.9M
Depreciation and amortization$42.2M$20.0M$58.9M$38.9M
Share-based compensation$3.4M$3.0M$7.6M$4.3M
Other adjustments$2.8M$972.0K$1.5M$611.0K
Accounts receivable($22.8M)$6.1M$17.4M$14.7M
Inventories($10.8M)($3.9M)($5.4M)$1.7M
Prepaid expenses and other current assets$425.0K$1.0M($893.0K)($834.0K)
Accounts payable($2.9M)($3.0M)($4.0M)$381.0K
Deferred revenue$5.7M($997.0K)($19.7M)($44.9M)
Other current liabilities($3.7M)$2.7M$6.9M($1.3M)
Net cash provided by operating activities$141.7M$75.8M$171.2M$79.5M
Capital expenditures($32.0M)($17.0M)($27.2M)($15.6M)
Return of equity method investment$5.1M$4.2M$5.8M$4.9M
Other investing activities$0$0$42.0K—
Net cash used in investing activities($26.9M)($12.8M)($21.4M)($10.7M)
Cash distributions to common unitholders($46.2M)($3.9M)($83.5M)($42.4M)
Principal payments of finance leases($378.0K)($186.0K)($992.0K)—
Net cash used in financing activities($46.6M)($4.1M)($84.5M)($45.3M)
Net increase in cash and cash equivalents$68.2M$58.8M$65.3M$23.5M
Cash and cash equivalents, beginning of period$69.2M$69.2M$90.9M$90.9M
Cash and cash equivalents, end of period$137.5M$128.1M$156.2M$114.4M

CVR Partners LP score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.