Cvr Partners LP (UAN) Q2 2016 10-Q Quarterly Earnings

Short answer

Cvr Partners LP (UAN) filed its Q2 2016 10-Q quarterly report on Jul 29, 2016 for the quarter ended Jun 30, 2016.

AI summary of MD&A and risk factor updates

Revenue $119.8M, up $39.0M YoY from $80.8M, driven by East Dubuque acquisition
Operating margin 3.1% vs 35.5% YoY, operating income $3.7M vs $28.7M
UAN largest product: $76.7M sales vs $74.8M; ammonia fastest growth, $31.4M vs $3.5M
Operating cash flow $5.5M vs $30.6M; cash $76.3M vs $50.0M at December 31, 2015
$645.0M 9.250% notes issued, $315.8M 2021 Notes repurchased; East Dubuque turnaround cost $6.6M and reduced production

No material litigation changes, with no new proceedings or developments from the 2015 Form 10-K
East Dubuque Merger added operational integration risk, with the facility contributing an $8.2 million operating loss
2023 Notes created material financing risk, with $645.0 million principal at 9.25% due June 15, 2023
East Dubuque turnaround pressured near-term performance, causing $6.6 million of direct operating expenses
Pet coke supply concentration, over 70% sourced from affiliated CVR Refining during the last five years

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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