0001425292-26-000011
SEC filingCVR Partners, LP reported solid financial results for fiscal year 2025, with net sales of $606.0 million and net income of $98.7 million. The company generated operating income of $128.7 million, representing an operating margin of 21.2%. Key profitability drivers included effective cost management, with cost of sales at $442.7 million, and strong operating cash flow of $149.6 million. The company maintained a robust balance sheet with total assets of $969.5 million, though long-term debt remained significant at $569.1 million. Cash distributions to common unitholders totaled $126.0 million, reflecting the partnership's distribution-focused model. The company's capital expenditures of $50.8 million indicate ongoing investment in property, plant and equipment.
CVR Partners, LP delivered solid financial performance for fiscal year 2025, reporting net sales of $606.0 million and net income of $98.7 million. The company achieved operating income of $128.7 million, with cost of sales totaling $442.7 million. Earnings per common unit were $9.00 on both basic and diluted bases. The company maintained a strong operating cash flow position of $149.6 million, which supported substantial distributions to unitholders. Total assets stood at $969.5 million as of December 31, 2025, with property, plant and equipment representing the largest component at $711.8 million net. The balance sheet shows significant long-term debt of $569.1 million, which represents a key consideration for investors.
The company reported net sales of $606.0 million for fiscal year 2025. No segment breakdown or geographic mix information was provided in the available data. The document does not disclose specific revenue growth drivers, product mix details, or customer concentration information. Without segment data, analysis is limited to the consolidated revenue figure. The company's revenue generation appears to be concentrated in its core operations, as evidenced by the cost structure and operating metrics provided.
CVR Partners achieved a gross profit of $163.3 million, representing a gross margin of 26.9% for fiscal year 2025. Operating income was $128.7 million, resulting in an operating margin of 21.2%. The cost structure included direct operating expenses of $254.1 million (exclusive of depreciation), cost of materials of $106.7 million, and depreciation and amortization of $81.9 million. Selling, general and administrative expenses were $33.6 million. The company's profitability was impacted by interest expense of $30.3 million, though this was partially offset by other income of $326,000 and an income tax benefit of $23,000.
The company generated strong operating cash flow of $149.6 million for fiscal year 2025, with net income of $98.7 million adjusted primarily for depreciation and amortization of $81.9 million. Free cash flow, calculated as operating cash flow minus capital expenditures, was $98.8 million. Investing activities used $44.1 million, primarily for capital expenditures of $50.8 million. Financing activities used $127.2 million, mainly for cash distributions to common unitholders of $126.0 million. The balance sheet shows total assets of $969.5 million, with current assets of $213.9 million including cash of $69.2 million. Total liabilities were $703.7 million, consisting of current liabilities of $96.8 million and long-term liabilities of $606.9 million. Partners' capital totaled $265.7 million.
The provided data does not include management guidance, strategic priorities, or specific risk factors for future periods. No forward-looking statements, growth projections, or market outlook information was disclosed in the available financial data. Investors should refer to the complete 10-K filing for management's discussion and analysis of financial condition and results of operations, which typically contains forward-looking information and risk factors. The company's capital expenditure level of $50.8 million suggests ongoing investment in operations, while the substantial distributions indicate a focus on returning capital to unitholders.