CVR Partners ( (UAN) ) has shared an update.
CVR Partners reported a strong third quarter in 2024, with net income rising to $4 million and an EBITDA of $36 million, driven by robust ammonia demand and higher nitrogen fertilizer prices. The company announced a cash distribution of $1.19 per common unit, reflecting its focus on generating free cash flow. Despite a slight production drop, average realized prices for UAN and ammonia improved, signaling positive farmer economics and continued solid customer demand.
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