For further information, please contact: SUGAR LAND, Texas, June 25, 2024 (GLOBE NEWSWIRE) -- CVR Partners, LP (NYSE:UAN) today announced that 2023 Schedule K-3s, reflecting items of international tax relevance, are now available online. Unitholders may access the information at www.taxpackagesupport.com/cvrpartners. About CVR Partners, LP Investor Relations: Richard Roberts CVR Partners, LP (281) 207-3205 InvestorRelations@CVRPartners.com CVR Partners does not plan to mail Schedule K-3s to investors. To re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-35120 CVR PARTNERS, LP (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

Financial Data and Key Metrics Changes - For Q1 2024, the company reported net sales of $128 million, net income of $13 million, and EBITDA of $40 million, with a distribution of $1.92 per common unit declared [7][11][13] - Compared to Q1 2023, EBITDA declined primarily due to lower market prices for ammonia and UAN [11] Business Line Data and Key Metrics Changes - Ammonia plant utilization was 90%, affected by a 14-day planned outage at the Coffeyville facility [9] - Combined ammonia production was 193,000 gross tons, with 60,000 net tons available for sale, while UAN production reached 305,000 tons [9] - UAN sales volumes decreased due to lower production, with approximately 284,000 tons sold at an average price of $267 per ton, and 70,000 tons of ammonia sold at an average price of $528 per ton [9][10] Market Data and Key Metrics Changes - Ammonia prices fell by 41% and UAN prices by 42% compared to Q1 2023, although nitrogen fertilizer pricing remained steady compared to Q4 2023 [10] - Grain market conditions are volatile, with the USDA forecasting a 5% decrease in corn planting acres for 2024, while soybean acres are expected to increase by 3% [17][18] Company Strategy and Development Direction - The company is focusing on improving reliability and redundancy at its production facilities, with plans to begin capital spending on these projects in the second half of 2024 [22] - The potential to utilize natural gas as an alternative feedstock at the Coffeyville facility is being explored, which could enhance operational flexibility [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong nitrogen fertilizer demand for the spring 2024 planting season, driven by favorable weather conditions [16] - Geopolitical risks are acknowledged as a wildcard for the nitrogen fertilizer industry, particularly concerning energy and fertilizer markets [19][20] Other Important Information - The company ended the quarter with total liquidity of $108 million, including $65 million in cash [13] - The union strike at the East Dubuque facility ended in late February, allowing operations to resume [22] Q&A Session Summary Question: Changes in customer purchasing dynamics - Management noted that purchases have become more ratable, with lower prepay orders but higher cash purchasing in season [27][30] Question: Alternative feedstock potential at Coffeyville - Management confirmed no technical hurdles exist for utilizing natural gas, with minimal capital investment required for infrastructure [31][32] Question: Breakdown of current reserves for investing activities - Reserves are being set aside for future projects, with a focus on reliability and redundancy rather than adding new units [35][36] Question: Fluctuation in freight revenue - Freight revenue decreased due to lower UAN shipping volumes, but is expected to grow in the second quarter as production increases [38] Question: Outlook for Southern Plains demand - Management anticipates continued strength in demand due to recent storms bringing moisture, which is beneficial for planting [39]

Exhibit 99.1 CVR Partners is a variable distribution master limited partnership. As a result, its distributions, if any, will vary from quarter to quarter due to several factors, including, but not limited to, its operating performance, fluctuations in the prices received for its finished products, maintenance capital expenditures, use of cash and cash reserves deemed necessary or appropriate by the Board. CVR Partners Reports First Quarter 2024 Results and Announces a Cash Distribution of $1.92 SUGAR LAND, ...

Market Risk and Commodity Prices - The company reported a significant exposure to market risk due to potential changes in prices for fertilizer products, pet coke, and natural gas, with natural gas being the primary raw material for production [287]. - The company has commitments to purchase natural gas at spot market prices and through various contracts, indicating a strategic approach to manage raw material costs [287]. - Fertilizer product inventory value is subject to market risk from fluctuations in commodity prices, which can be volatile and influenced by grain prices and demand [288]. - The company emphasizes that there are no financial instruments currently in place to effectively reduce commodity price risk associated with firm commitments and forecasted sales [288]. - The company faces risks related to the cyclical and highly volatile nature of the nitrogen fertilizer market, which could impact financial performance [32]. - The company is exposed to significant competition in the nitrogen fertilizer market, which could affect pricing and market share [32]. Financial Performance - Net sales for the year ended December 31, 2023, were $681.477 million, a decrease of 18.4% compared to $835.584 million in 2022 [308]. - Operating income for 2023 was $201.408 million, down 37% from $319.912 million in 2022 [308]. - Net income for 2023 was $172.433 million, a decline of 39.9% compared to $286.801 million in 2022 [308]. - Total assets as of December 31, 2023, were $975.332 million, down from $1,100.402 million in 2022, representing a decrease of 11.4% [305]. - Total current assets decreased to $165.869 million in 2023 from $265.704 million in 2022, a decline of 37.5% [305]. - Total partners' capital decreased to $302.880 million in 2023 from $411.811 million in 2022, a reduction of 26.4% [305]. - Basic and diluted earnings per common unit for 2023 were $16.31, down from $27.07 in 2022, a decrease of 39.9% [308]. - Cash and cash equivalents decreased to $45.279 million in 2023 from $86.339 million in 2022, a decline of 47.7% [305]. - Net income for the year ended December 31, 2023, was $172,433,000, a decrease of 40% compared to $286,801,000 in 2022 [314]. - Net cash provided by operating activities decreased to $243,526,000 in 2023 from $301,464,000 in 2022, reflecting a decline of 19% [314]. - Capital expenditures for 2023 were $24,196,000, significantly lower than $44,668,000 in 2022, indicating a reduction of 46% [314]. Cash Distributions and Related Party Transactions - Cash distributions to common unitholders – Affiliates increased to $103,605,000 in 2023 from $75,193,000 in 2022, representing a rise of 38% [314]. - Cash distributions to common unitholders – Non-affiliates also rose to $177,759,000 in 2023 from $129,597,000 in 2022, an increase of 37% [314]. - The total quarterly distributions paid in 2023 amounted to $281,364,000, with $177,759,000 paid to public unitholders and $103,605,000 to CVR Energy [430]. - The Partnership declared a distribution of $1.68 per common unit for the fourth quarter of 2023, totaling approximately $17.8 million, payable on March 11, 2024 [433]. - For the year ended December 31, 2023, sales to related parties from CVR Energy subsidiary amounted to $4,000, while expenses from related parties totaled $21,336,000 [426]. - The Partnership's related party activity includes sales of feedstocks and services under the Coffeyville MSA, with total sales to related parties reaching $3,617,000 in 2023 [426]. Operational Risks and Stability - The company is reliant on third-party suppliers for essential raw materials, which poses a risk to operational stability [32]. - The company’s operations are geographically concentrated, making it vulnerable to regional economic downturns and seasonal variations [32]. - The company’s ability to generate distributable cash is contingent on market conditions and operational performance, which are subject to various risks [23]. - The company’s financial results may be adversely impacted by changes in environmental laws and regulations, as well as compliance costs [32]. Asset Management and Liabilities - Long-term debt remained relatively stable at $547.308 million in 2023 compared to $546.800 million in 2022 [305]. - The Partnership's cash and cash equivalents at the end of the period were $45,279,000, down from $86,339,000 at the end of 2022, a decrease of 48% [314]. - Total deferred revenue at December 31, 2023 was $49.1 million, with a current portion of $15.8 million and long-term deferred revenue of $33.3 million [400]. - The minimum required payments for unconditional purchase obligations total $57.4 million, with $3.7 million due in 2024 [416]. Joint Ventures and New Initiatives - The Partnership entered into a joint venture for carbon capture and sequestration activities, expected to generate Section 45Q Credits from January 6, 2023, until March 31, 2030 [321]. - The Partnership received a $2.2 million distribution from CVRP JV due to exceeding carbon oxide capture and sequestration milestones in 2023, to be recognized in Q1 2024 [371]. Accounting and Reporting - The Partnership maintained effective internal control over financial reporting as of December 31, 2023, according to the audit opinion [298]. - The Partnership is evaluating the impact of new accounting standards effective in 2024 and 2025 but does not expect a material impact on consolidated financial statements [358][359]. - The Partnership's revenue recognition is based on contracts with customers, with performance obligations satisfied upon delivery of products [344].

CVR Partners, LP (NYSE:UAN) Q4 2023 Results Conference Call February 21, 2024 11:00 AM ET Company Participants Richard Roberts - Director, Financial Planning and Analysis and IR Mark Pytosh - Chief Executive Officer Dane Neumann - Chief Financial Officer Conference Call Participants Brian DiRubbio - Baird Rob McGuire - Granite Research Operator Greetings, and welcome to the CVR Partners Fourth Quarter 2023 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now m ...

CVR Partners Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Distribution of $1.68 SUGAR LAND, Texas (February 20, 2024) – CVR Partners, LP ("CVR Partners" or the "Partnership") (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate ("UAN") solution fertilizer products, today announced net income of $10 million, or 94 cents per common unit, on net sales of $142 million for the fourth quarter of 2023, compared to net income of $95 million, or $9.02 per common unit, on net sal ...

Financial Data and Key Metrics Changes - For Q3 2023, the company reported net sales of $131 million, net income of $1 million, and EBITDA of $32 million, with a distribution of $1.55 per common unit declared [32][34][36] - Compared to Q3 2022, EBITDA increased primarily due to higher production and sales volumes, and lower operating expenses, despite ammonia prices falling 56% and UAN prices falling 48% [33][34] Business Line Data and Key Metrics Changes - UAN production for Q3 2023 was 358,000 tons, with sales of approximately 387,000 tons at an average price of $223 per ton, and 62,000 tons of ammonia sold at an average price of $365 per ton [5][34] - Direct operating expenses for Q3 2023 were $58 million, a decrease of approximately $38 million compared to Q3 2022, driven by lower turnaround and maintenance expenses [7] Market Data and Key Metrics Changes - The nitrogen fertilizer market saw a price reset in July, with prices firming due to strong demand and reduced supply from outages [13][20] - Current USDA estimates indicate 95 million acres of corn were planted in spring 2023, a 7% increase from 2022, supporting favorable conditions for nitrogen fertilizer demand [40] Company Strategy and Development Direction - The company is focusing on reliability and performance, with plans for decarbonization efforts including the installation of a nitrous oxide abatement unit expected to be completed by 2025 [22][24] - The company is exploring CO2 sequestration opportunities and evaluating brownfield development projects for potential capacity increases [23][44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about nitrogen fertilizer demand for 2024, citing steady grain prices and favorable farmer economics [41][39] - Geopolitical risks and natural gas price fluctuations in Europe are noted as potential challenges for the nitrogen fertilizer industry [21] Other Important Information - The company amended its ABL credit facility to increase maximum availability from $35 million to $50 million, extending maturity to 2028 [35] - Total liquidity at the end of the quarter was $137 million, including $89 million in cash [35] Q&A Session Summary Question: Impact of the strike at East Dubuque on utilization - Management indicated that the strike would not disrupt operations or utilization, as they are fully manned and expect to run continuously [49] Question: Customer purchasing patterns - Management noted that customers are purchasing more ratably and not carrying inventory for long periods, which aligns with their production schedule [50][51] Question: Fourth quarter production and sales - Management refrained from providing specific sales figures but indicated a significant increase in ammonia and UAN sales since July [52] Question: Maintenance CapEx reserves - The buildup in reserves is due to ongoing reliability and expansion projects, with future reserves depending on project outcomes [53][60] Question: Russian imports of UAN - Management stated that the flow of Russian UAN has normalized since mid-2022, with no significant changes impacting the market [61]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-35120 CVR PARTNERS, LP (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-35120 CVR PARTNERS, LP (Exact name of registrant as specified in its charter) (State or other jurisdiction o ...