10-Q quarterly report · filed Jul 27, 2017

Cvr Partners LP (UAN) Q2 2017 10-Q Quarterly Report

Short answer

Cvr Partners LP (UAN) filed its Q2 2017 10-Q quarterly report on Jul 27, 2017 for the quarter ended Jun 30, 2017.

Cvr Partners LP Q2 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $97.9M, down $21.9M from $119.8M YoY
  • Operating margin 12.5% vs 3.1% YoY, operating income $12.2M vs $3.7M
  • UAN weakest product, sales $65.3M vs $75.5M, ammonia sales $25.5M vs $31.4M
  • Operating cash flow $(23.0)M vs $5.5M; capital expenditures $4.5M, primarily $4.4M maintenance
  • East Dubuque turnaround planned for July 2017, approximately 14 days and $3M cost; fertilizer pricing headwind വ്യക്തമാക്കി

Risk Factors

  • Newly triggered impairment risk: sustained unit-price decline and fertilizer-pricing uncertainty prompted second-quarter goodwill review
  • Most material market risk: fill-season orders remained insignificant, with below-estimate pricing potentially triggering goodwill impairment
  • Operational risk: East Dubuque turnaround expected to shut ammonia and UAN units for approximately 14 days
  • Financial risk: $645.0 million 9.250% Senior Notes mature June 15, 2023
  • Regulatory risk: no new or material environmental, health, and safety developments from the 2016 Form 10-K

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

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