CVR Partners LP, Sugar Land, Texas, had a full-year net loss of $35 million, compared to 2018’s net loss of $50 million. However, it reported a fourth-quarter net loss of $25 million, compared to a year-ago loss of $1 million.
“For the full-year 2019, CVR Partners achieved year-over-year increases in net income and EBITDA,” said Mark Pytosh, CEO of CVR Partners’ general partner. “The business also achieved higher fertilizer sales volumes and stronger product pricing during the year, and as a result, distributed a total of 40 cents per unit during 2019 despite continued weather impacts that created less than desirable market conditions during the year.”