CVR Partners LP reported fourth-quarter net income of $18.7 million ($0.26 per diluted share) on sales of $66 million, down from the year-ago $24.8 million ($0.34 per share) and $74.4 million, respectively. Full-year income was $62 million ($0.85 per share) on sales of $289.2 million, down from $76.1 million ($1.04 per share) and $298.7 million.
“From a market perspective, the current pricing environment for nitrogen fertilizer is more challenging than in recent years, however the underlying demand for product in the United States remains intact,” said Mark Pytosh, CVR CEO.