Revenue Update on CVR Partners LP(NYSE:UAN)

CVR Partners LP(NYSE:UAN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $119.80M. Analysts estimated a revenue of $116.05M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.20.

CVR Partners LP (UAN) shares turned negative on Thursdays trading session with the shares closing down -0.47 points or -6.43% at a volume of 5,30,963. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.42. The peak price level was also seen at $7.42 while the days lowest was $6.8. Finally the shares closed at $6.84. The 52-week high of the shares is $12.245 while the 52-week low is $4.77. According to the latest information available, the market cap of the company is $775 M.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, Donna R Ecton (director) purchased 2,000 shares at $7.20 per share price.

CVR Partners LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its facility in Coffeyville Kansas. The nitrogen fertilizer plant processes approximately 1400 tons per day of pet coke from its crude oil refinery and third-party sources. The Company’s facility includes an ammonia unit a UAN unit and a gasifier complex. The primary geographic markets for its fertilizer products are Kansas Missouri Nebraska Iowa Illinois Colorado and Texas. It markets the ammonia products to industrial and agricultural customers and the UAN products to agricultural customers retailers and distributors. In addition it operates around eight rail loading and around two truck loading racks for UAN. It also operates approximately four rail loading and around two truck loading racks for ammonia.

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