Filing Flows › CVR Partners, LP (UAN) › Q4 2025
CVR Partners, LP (UAN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
CVR Partners, LP (UAN) reported revenue of $131M for the fourth quarter 2025 (Q4 2025), -6% from a year earlier and -20% from the quarter before. Operating margin was -2.2%, net loss $10.3M (7.8% of revenue).
CVR Partners, LP, Q4 2025: revenue $131M (-6% year over year), operating margin -2.2%, net loss $10.3M, operating cash flow −$21.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $131M | -20% | -6% |
| Operating profit | −$2.9M | -106% | — |
| Net earnings | −$10.3M | -124% | — |
| Operating cash flow | −$21.6M | -124% | — |
What changed
Revenue was $131.1M in Q4 2025, down 6% year over year and down 20% from the previous quarter. UAN was the largest line at 49% of revenue.
Operating costs exceeded revenue by $2.9M, an operating margin of -2.2%. Total costs grew 18% against a revenue fall of 6%. The fastest-growing cost line was Cost of revenue (+18%). The quarter ended with a net loss of $10.3M, after a profit of $43.1M the previous quarter. Net interest and other expense of $7.4M was the main reason.
Operating cash flow was −$21.6M. Non-cash charges added back $23.0M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $36.6M. Capital expenditures of $23.6M exceeded it, leaving free cash flow of −$45.2M.
Questions
What was CVR Partners, LP's revenue in the fourth quarter 2025?
CVR Partners, LP (UAN) reported revenue of $131M for the fourth quarter 2025 (Q4 2025), -6% from a year earlier and -20% from the quarter before.
Was CVR Partners, LP profitable in the fourth quarter 2025?
Operating loss was $2.9M (-2.2% of revenue) and net loss $10.3M.
Source: CVR Partners, LP 10-K on SEC EDGAR.