CVR Partners (UAN) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and CVR Partners published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• CVR Partners is a master limited partnership, so its EPS figure is net income per common unit. It has 10,570 thousand common units outstanding and pays no entity-level income tax.
• Q3 2026 results include $26.8 million of turnaround expense for the 41-day planned turnaround at the East Dubuque facility, against $1.2 million a year earlier.

Source: CVR Partners Q3 2026 results release, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How CVR Partners splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• CVR Partners's Ammonia revenue was $23.2 million in Q3 2026, down 9% from $25.4 million in Q3 2025, 16% of total revenue.
• CVR Partners's UAN revenue was $101 million in Q3 2026, down 11% from $114 million in Q3 2025, 69% of total revenue.
• CVR Partners's Urea products revenue was $7.3 million in Q3 2026, down 30% from $10.5 million in Q3 2025, 5% of total revenue.
• CVR Partners's Other revenue revenue was $14.4 million in Q3 2026, up 5% from $13.7 million in Q3 2025, 10% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

CVR Partners gives its outlook as a table of operating figures, with no revenue or earnings outlook. For Q4 2026 it shows an ammonia utilization rate of 88% to 93%, direct operating expenses of $58 million to $63 million (excluding depreciation and amortization, turnaround expenses and inventory impacts) and total capital expenditures of $26 million to $34 million.

In its Q3 2026 release, CVR Partners said:

“The table below summarizes our outlook for certain operational statistics and financial information for the fourth quarter of 2026.”

Source: CVR Partners Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the UAN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and net income (loss) per common unit, each as first reported in that quarter's release or 10-Q.

We do not hold a confirmed date for CVR Partners's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

CVR Partners reported Q3 2026 net sales of $146.2 million, down from $163.5 million. UAN solution was the largest product at $101.2 million against $114.0 million, followed by ammonia at $23.2 million, urea products at $7.3 million and other revenue, mainly freight, of $14.4 million. (CVR Partners Q3 2026 release (8-K Exhibit 99.1), Nov 3, 2026; CVR Partners Form 10-Q, Q3 2026, Nov 3, 2026)

CVR Partners makes nitrogen fertilizer at two plants: Coffeyville, Kansas, which uses pet coke as feedstock, and East Dubuque, Illinois, which uses natural gas. All of its products are sold on a wholesale basis, and farmers use them mainly on corn and wheat. Production fell because of the 41-day planned turnaround at East Dubuque: gross ammonia output was 175,000 tons against 208,000, and UAN output 294,000 tons against 337,000. (CVR Partners Q3 2026 release (8-K Exhibit 99.1), Nov 3, 2026; CVR Partners Form 10-Q, Q3 2026, Nov 3, 2026)

CVR Partners' average realized gate price for ammonia rose 20% to $637 per ton, while UAN fell 11% to $309 per ton. Sales volumes were 36 thousand tons of ammonia against 48 thousand and 327 thousand tons of UAN against 328 thousand. (CVR Partners Q3 2026 release (8-K Exhibit 99.1), Nov 3, 2026)

CVR Partners' ammonia utilization rate was 80%, down from 95%. During the turnaround it also completed a water system upgrade and a brownfield ammonia capacity expansion that it expects to raise East Dubuque's ammonia production capacity by about 5%, to be tested in the fourth quarter of 2026. (CVR Partners Q3 2026 release (8-K Exhibit 99.1), Nov 3, 2026; CVR Partners Form 10-Q, Q3 2026, Nov 3, 2026)

CVR Partners lost $1.02 per common unit in Q3 2026, against earnings of $4.08 a year earlier, on a net loss of $10.7 million against net income of $43.1 million. It does not report an adjusted EPS figure; EBITDA, its non-GAAP measure, fell to $19.7 million from $70.6 million. (CVR Partners Q3 2026 release (8-K Exhibit 99.1), Nov 3, 2026)

CVR Partners' direct operating expenses rose to $89.5 million from $57.7 million and include $26.8 million of turnaround expense, against $1.2 million a year earlier. Operating results swung to a loss of $3.6 million from income of $50.6 million. Depreciation and amortization rose to $23.3 million from $20.0 million. As a partnership CVR Partners recorded no income tax, and its unit count was unchanged at 10,570 thousand. (CVR Partners Q3 2026 release (8-K Exhibit 99.1), Nov 3, 2026; CVR Partners Form 10-Q, Q3 2026, Nov 3, 2026)

CVR Partners is a variable distribution master limited partnership, and its distributions change each quarter with results and reserves. It declared a Q3 2026 cash distribution of $1.79 per common unit, after $6.08 for Q2 2026, and Available Cash for Distribution was $18.9 million against $42.4 million. (CVR Partners Q3 2026 release (8-K Exhibit 99.1), Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

CVR Partners does not give revenue or earnings guidance. Its release outlook for Q4 2026 covers operating figures: an ammonia utilization rate of 88% to 93%, direct operating expenses of $58 million to $63 million and capital expenditures of $26 million to $34 million. The CEO said nitrogen fertilizer supplies remain tight and prices have steadily increased since the summer fill programs. (CVR Partners Q3 2026 release (8-K Exhibit 99.1), Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover CVR Partners, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones CVR Partners's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning UAN is on is UAN a buy or a sell?, what analysts expect next is on the UAN forecast, and what the company does is on the CVR Partners (UAN) stock page.

Every number on this page can be traced to a document CVR Partners published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.