Cvr Partners LP (UAN) Q2 2018 10-Q Quarterly Earnings

Short answer

Cvr Partners LP (UAN) filed its Q2 2018 10-Q quarterly report on Jul 26, 2018 for the quarter ended Jun 30, 2018.

AI summary of MD&A and risk factor updates

Q2 revenue $93.2M, down from $97.9M YoY, driven by lower UAN volumes despite favorable pricing
Operating margin (0.8%) vs 12.5% YoY, net loss $(16.4)M vs $(3.5)M
UAN largest product line at $57.1M sales, down from $65.3M; ammonia sales $29.0M vs $25.5M
Cash $28.3M at June 30; operating cash flow $(12.5)M vs $7.0M, capital expenditures $8.6M
Near-term outlook: liquidity sufficient for 12 months; headwinds from turnarounds, outages, fertilizer volatility and raw-material costs

No material changes to 2017 Form 10-K commitments or contingencies, including environmental and regulatory proceedings
Business interruption claim: reduced production from equipment issues could materially affect operations if insurance proceeds are received
Operational disruption: second-quarter major turnaround included $6.3 million of maintenance costs and lost production
Liquidity risk: cash declined to $28.252 million while operating activities used $12.470 million
Debt exposure: $645 million of 9.250% senior secured notes due 2023

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

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