Sugar Land, Texas — CVR Partners LP, which owns a nitrogen plant in Coffeyville, Kan., on April 26 declared a cash distribution of 52.3 cents per common unit for the first quarter of 2012. The distribution will be paid May 15, 2012, to unit holders of record on May 8, 2012. This will be the fourth cash distribution paid by the partnership since its IPO in April 2011, and will result in cumulative cash distributions paid of $2.09 per common unit. This exceeds the company’s previous distribution guidance range of $2.00 to $2.05 per common unit for the 12 months ended March 31, 2012, and represents a 9 percent increase over its original distribution guidance of $1.92 per common unit for the same period. CVR will release earnings May 1.
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