Filing Flows › CVR Partners, LP (UAN) › Q3 2025
CVR Partners, LP (UAN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
CVR Partners, LP (UAN) reported revenue of $164M for the third quarter 2025 (Q3 2025), +31% from a year earlier and -3% from the quarter before. Operating margin was 31.0%, net earnings $43.1M (26.3% of revenue).
CVR Partners, LP, Q3 2025: revenue $164M (+31% year over year), operating margin 31.0%, net earnings $43.1M, operating cash flow $91.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | -3% | +31% |
| Operating profit | $50.6M | +9% | +360% |
| Net earnings | $43.1M | +11% | 11× |
| Operating cash flow | $91.7M | +281% | +6% |
| Free cash flow | $80.1M | +337% | -3% |
What changed
Revenue was $163.5M in Q3 2025, up 31% year over year and down 3% from the previous quarter. UAN was the largest line at 70% of revenue. UAN added $37.2M year over year (up 49%), 97% of the total change. Other revenue declined 13%.
Operating profit was $50.6M, a 31.0% margin (up 22.2 points year over year). Of the extra revenue versus a year earlier, 103% reached operating profit, above the 9% margin then. Total costs fell 1% while revenue rose 31%. The fastest-growing cost line was SG&A (+23%). Net earnings were $43.1M, up 1031% year over year. The effective tax rate was 0.0%.
Operating cash flow was $91.7M (up 6% year over year), 213% of net earnings. Non-cash charges added back $20.0M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $25.4M. Capital expenditures of $11.6M left free cash flow of $80.1M.
Questions
What was CVR Partners, LP's revenue in the third quarter 2025?
CVR Partners, LP (UAN) reported revenue of $164M for the third quarter 2025 (Q3 2025), +31% from a year earlier and -3% from the quarter before.
Was CVR Partners, LP profitable in the third quarter 2025?
Operating profit was $50.6M (31.0% of revenue) and net earnings $43.1M.
Source: CVR Partners, LP 10-Q on SEC EDGAR.