10-Q quarterly report · filed Nov 2, 2017

Cvr Partners LP (UAN) Q3 2017 10-Q Quarterly Report

Short answer

Cvr Partners LP (UAN) filed its Q3 2017 10-Q quarterly report on Nov 2, 2017 for the quarter ended Sep 30, 2017.

Cvr Partners LP Q3 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $69.4M, down $9.1M YoY from $78.5M, driven by lower UAN and ammonia prices
  • Operating margin (22.9%) vs 3.1% YoY, net loss $31.6M vs $13.4M
  • UAN largest product line: $48.8M sales vs $53.9M YoY, ammonia $14.9M vs $17.1M
  • Cash $70.0M vs $55.6M at December 31, 2016, quarterly operating cash flow $21.1M
  • East Dubuque turnaround, 14-day downtime and additional eight-day outage, with $2.5M turnaround expense

Risk Factors

  • No material risk-factor changes, litigation developments, or environmental compliance changes from the 2016 Form 10-K
  • Fertilizer pricing risk: third-quarter pricing weakness triggered interim goodwill testing, with Coffeyville fair value only 12% above carrying value
  • Operational risk: East Dubuque turnaround caused approximately $2.5 million of third-quarter expense and lost production
  • Financial risk: $645.0 million of 9.250% senior secured notes mature June 15, 2023
  • Concentration risk: CRNF sources over 70% of pet coke needs from affiliated CVR Refining operations

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

Other Cvr Partners LP quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.