CVR Partners LP reported fourth-quarter 2013 net income of $27.9 million, or 38 cents per fully diluted common unit, on net sales of $84.3 million, compared to net income of $15.3 million, or 21 cents per fully diluted common unit, on net sales of $67.6 million for the fourth quarter a year earlier.
Full-year 2013 net income was $118.6 million, or $1.62 per fully diluted common unit, on net sales of $323.7 million, compared to $112.2 million of net income, or $1.53 per fully diluted common unit, on net sales of $302.3 million for 2012.
“Both the 2013 fourth quarter and full year were highlighted by record production from our expanded UAN plant, which was brought online at the end of February 2013,” said Jack Lipinski, CEO. “The increased production levels of higher value UAN continue to benefit our business.”