Filing Flows › CVR Partners, LP (UAN) › Q1 2026
CVR Partners, LP (UAN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
CVR Partners, LP (UAN) reported revenue of $180M for the first quarter 2026 (Q1 2026), +26% from a year earlier and +37% from the quarter before. Operating margin was 32.0%, net earnings $49.9M (27.7% of revenue).
CVR Partners, LP, Q1 2026: revenue $180M (+26% year over year), operating margin 32.0%, net earnings $49.9M, operating cash flow $75.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | +37% | +26% |
| Operating profit | $57.6M | — | +67% |
| Net earnings | $49.9M | — | +84% |
| Operating cash flow | $75.8M | — | +37% |
| Free cash flow | $58.7M | — | +29% |
What changed
Revenue was $180.0M in Q1 2026, up 26% year over year and up 37% from the previous quarter. UAN was the largest line at 59% of revenue. UAN added $20.3M year over year (up 24%), 55% of the total change. Other revenue declined 2%.
Operating profit was $57.6M, a 32.0% margin (up 7.8 points year over year). Of the extra revenue versus Q1 2025, 62% reached operating profit, above the 24% margin then. Total costs grew 13% against revenue growth of 26%. The fastest-growing cost line was SG&A (+14%). Net earnings were $49.9M, up 84% year over year. The effective tax rate was 0.0%.
Operating cash flow was $75.8M (up 37% year over year), 152% of net earnings. Non-cash charges added back $20.0M of depreciation and amortization and $3.0M of share-based compensation. Capital expenditures of $17.0M left free cash flow of $58.7M.
Questions
What was CVR Partners, LP's revenue in the first quarter 2026?
CVR Partners, LP (UAN) reported revenue of $180M for the first quarter 2026 (Q1 2026), +26% from a year earlier and +37% from the quarter before.
Was CVR Partners, LP profitable in the first quarter 2026?
Operating profit was $57.6M (32.0% of revenue) and net earnings $49.9M.
Source: CVR Partners, LP 10-Q on SEC EDGAR.