Filing Flows › CVR Partners, LP (UAN) › Q1 2025
CVR Partners, LP (UAN) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
CVR Partners, LP (UAN) reported revenue of $143M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +2% from the quarter before. Operating margin was 24.2%, net earnings $27.1M (19.0% of revenue).
CVR Partners, LP, Q1 2025: revenue $143M (+12% year over year), operating margin 24.2%, net earnings $27.1M, operating cash flow $55.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | +2% | +12% |
| Operating profit | $34.6M | +34% | +72% |
| Net earnings | $27.1M | +48% | +115% |
| Operating cash flow | $55.4M | +333% | +31% |
| Free cash flow | $45.5M | — | +33% |
What changed
Revenue was $142.9M in Q1 2025, up 12% year over year and up 2% from the previous quarter. UAN was the largest line at 60% of revenue. UAN added $10.4M year over year (up 14%), 68% of the total change. Ammonia declined 10%.
Operating profit was $34.6M, a 24.2% margin (up 8.5 points year over year). Of the extra revenue versus a year earlier, 96% reached operating profit, above the 16% margin then. Total costs grew 1% against revenue growth of 12%. Net earnings were $27.1M, up 115% year over year. The effective tax rate was 0.0%.
Operating cash flow was $55.4M (up 31% year over year), 204% of net earnings. Non-cash charges added back $18.0M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $8.8M. Capital expenditures of $9.9M left free cash flow of $45.5M.
Questions
What was CVR Partners, LP's revenue in the first quarter 2025?
CVR Partners, LP (UAN) reported revenue of $143M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +2% from the quarter before.
Was CVR Partners, LP profitable in the first quarter 2025?
Operating profit was $34.6M (24.2% of revenue) and net earnings $27.1M.
Source: CVR Partners, LP 10-Q on SEC EDGAR.