CVR Partners(US:UAN)2025-10-29 20:24Financial Performance - Net income for Q3 2025 was $43 million, or $4.08 per common unit, compared to $4 million, or $0.36 per common unit in Q3 2024[2][9] - EBITDA for Q3 2025 reached $71 million, up from $36 million in Q3 2024, reflecting strong operational performance[2][9] - Net sales for Q3 2025 were $164 million, a 31% increase from $125 million in Q3 2024[2][21] - Available cash for distribution was $42.4 million for Q3 2025, compared to $12.6 million in Q3 2024[21] - Net cash flow from operating activities for Q3 2025 was $91,744,000, compared to $86,725,000 in Q3 2024, representing an increase of 3%[24] - Available cash for distribution in Q3 2025 was $42,440,000, significantly higher than $12,612,000 in Q3 2024, an increase of 236%[37] Production and Utilization - Total ammonia production in Q3 2025 was 208,000 tons, slightly down from 212,000 tons in Q3 2024[4] - Ammonia utilization rate for Q3 2025 was 95%, slightly down from 97% in Q3 2024, while the nine-month utilization rate remained stable at 96% for both years[26] - Consolidated sales volumes of ammonia decreased to 48,000 tons in Q3 2025 from 62,000 tons in Q3 2024, a decline of 23%[28] - The company expects ammonia utilization rate for Q4 2025 to be between 80% and 85%[32] Pricing and Costs - Average realized gate prices for ammonia and UAN increased by 33% and 52%, respectively, to $531 and $348 per ton in Q3 2025[5] - Average consolidated product pricing for ammonia increased to $531 per ton in Q3 2025, up from $399 per ton in Q3 2024, marking a rise of 33%[28] - The average price of natural gas used in production increased to $3.18 per MMBtu in Q3 2025 from $2.19 per MMBtu in Q3 2024, a rise of 45%[28] - Direct operating expenses for Q4 2025 are projected to be between $58 million and $63 million[32] Capital and Assets - Total assets as of September 30, 2025, were $1,037.2 million, up from $1,018.7 million at the end of 2024[23] - Total partners' capital increased to $318.5 million as of September 30, 2025, from $293.1 million at the end of 2024[23] - Total capital expenditures for the nine months ended September 30, 2025, were $29,392,000, up from $19,205,000 in the same period of 2024, reflecting a growth of 53%[25] Future Outlook - The company plans to continue focusing on safe operations and cash generation amid favorable market conditions[4] - The company declared a cash distribution of $4.02 per common unit related to Q3 2025, to be paid in November 2025[36]