CVR Partners LP reported a 40 percent drop in first quarter earnings to $21.5 million ($0.29 per diluted share) on sales of $80.3 million compared to the year-ago $35.6 million ($0.49 per share) and $81.4 million, respectively.
UAN, CVR’s main product, saw a surge in sales, with volumes up 31 percent to 254,700 st versus the year-ago 194,100 st. Average prices, however, were down at $253/st from $295/st.