CVR Partners, LP (UAN) Misses Q1 EPS by 5c

CVR Partners, LP (NYSE: UAN) reported Q1 EPS of ($0.09), $0.05 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $85.3 million versus the consensus estimate of $90.04 million.

"CVR Partners posted strong operational performance at our Coffeyville and East Dubuque fertilizer facilities during the 2017 first quarter, with both plants achieving on-stream rates just under 100 percent," said Mark Pytosh, chief executive officer.

"We also were pleased to deliver approximately $2 million in distributable cash flow for the quarter, which we achieved during the industry's seasonably slow time of year," Pytosh said. "In addition, spring planting is underway and we expect demand to remain firm as farmers are forecasted to plant 90 million acres of corn this year."

For earnings history and earnings-related data on CVR Partners, LP (UAN) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Wintermar acquires full control of Fast Offshore Supply, adding 5 new CTVs
• FirstCash to acquire UK pawn operator Ramsdens for £206 million