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CVR Partners, LP (UAN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · CVR Partners, LP (UAN) Q3 2026 earnings results →
Q3 2026 Revenue down 11% year over year to $146M · 7¢ of every $1 of revenue lost · operating margin -2.5%
CVR Partners, LP made $146M in Q3 2026 (-11% Y/Y): UAN $101M, Ammonia $23.2M, Other revenue $14.4M. Operating margin -2.5%, net loss $10.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $146.2M in Q3 2026, down 11% year over year and down 28% from the previous quarter. UAN was the largest line at 69% of revenue. UAN lost $12.7M year over year (down 11%), 73% of the total change.
Operating costs exceeded revenue by $3.6M, an operating margin of -2.5%. Total costs grew 33% against a revenue fall of 11%. The fastest-growing cost line was Cost of revenue (+34%). The quarter ended with a net loss of $10.7M, after a profit of $77.5M the previous quarter. Net interest and other expense of $7.1M was the main reason.
Operating cash flow was $116.7M (up 27% year over year). Non-cash charges added back $23.3M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $99.7M. Capital expenditures of $32.5M left free cash flow of $84.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $146M | -11% | -2.5% | −$10.7M | $117M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $202M | +20% | 41.9% | $77.5M | $65.9M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $180M | +26% | 32.0% | $49.9M | $75.8M |
| Q4 2025 | 10-K | Feb 18, 2026 | $131M | -6% | -2.2% | −$10.3M | −$21.6M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $164M | +31% | 31.0% | $43.1M | $91.7M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $169M | +27% | 27.5% | $38.8M | $24.1M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $143M | +12% | 24.2% | $27.1M | $55.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
Buys from
- IEP — 28% of the supplier’s revenue · Stated in 10-K (sentence) · source
- CVI · Stated in 10-K (named, share not stated) · source
About CVR Partners, LP
CVR Partners, LP (“CVR Partners” or the “Partnership”) is a Delaware limited partnership formed in 2011 by CVR Energy, Inc. (together with its subsidiaries, but excluding the Partnership and its subsidiaries, “CVR Energy”) to own, operate and grow its nitrogen fertilizer business. The Partnership produces and distributes nitrogen fertilizer products, which are used by farmers to improve the yield and quality of their crops, primarily corn and wheat.
In its own words, from its 10-K, filed Feb 18, 2026.
CVR Partners, LP against its Agricultural Chemicals peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -11% against the peers' median +1%. Operating margin: -2.5% against the peers' median -2.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| UAN CVR Partners, LP | Q3 2026 | $146M | -11% | -2.5% |
| MOS Mosaic | Q3 2026 | $3.1B | -10% | -3.1% |
| CF CF Industries Holdings | Q3 2026 | $1.9B | +12% | 37.7% |
| SMG Scotts Miracle-Gro | Q3 FY26 | $1.2B | +1% | 14.5% |
| AVD American Vanguard | Q2 2026 | $117M | -10% | -0.3% |
| CBUS Cibus | Q2 2026 | $994K | +6% | n/m |
| SNES SenesTech | Q2 2026 | $770K | +23% | -241.8% |
Source: CVR Partners, LP 10-Q on SEC EDGAR · CIK 1425292 · Agricultural Chemicals
Guidance and outlook
13F: who owns UAN and who is buying
More on UAN
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- CVR Partners, LP guidance history: guided vs reported
- CVR Partners, LP operating margin by quarter
- CVR Partners, LP net income by quarter
- CVR Partners, LP free cash flow by quarter
- CVR Partners, LP capital expenditures by quarter
- CVR Partners, LP UAN revenue by quarter
- CVR Partners, LP Ammonia revenue by quarter
- CVR Partners, LP Other revenue revenue by quarter