Cvr Partners LP (UAN) Q1 2017 10-Q Quarterly Earnings

Short answer

Cvr Partners LP (UAN) filed its Q1 2017 10-Q quarterly report on Apr 27, 2017 for the quarter ended Mar 31, 2017.

AI summary of MD&A and risk factor updates

Revenue $85.3M, up $12.2M YoY, driven by full-quarter East Dubuque contribution of $26.8M
Operating margin 6.2% vs 27.0% YoY, operating income $5.3M vs $19.7M
UAN largest product line at $57.6M sales, ammonia weakest at $19.9M vs $62.6M and $9.1M YoY
Cash $81.5M vs $55.6M, operating cash flow $30.0M vs $23.6M, capital expenditures $4.1M
Outlook: East Dubuque turnaround planned for third quarter 2017, lasting 10 to 12 days; 2017 maintenance capital estimate $15M

No new risk factors or material litigation developments from the 2016 Form 10-K
Environmental compliance risk: future EHS developments could materially affect business, despite current compliance
Hydrogen supply concentration: 20-year agreement requires purchases of 90,000 MSCF monthly
Debt and distribution risk: $645.0 million 2023 Notes at 9.250%, with distributions limited below 1.75 fixed-charge coverage
Feedstock concentration: over 70% of pet coke sourced from affiliated CVR Refining refinery over five years

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

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