CVR Partners LP reported a second-quarter loss of $17 million ($0.15 per diluted common unit) on net sales of $119.8 million, compared to the year-ago net income of $27 million ($0.37 per unit) on net sales of $80.8 million.
Negatively impacting 2016 second quarter results were approximately $6.6 million of expenses associated with a major scheduled plant turnaround at the East Dubuque fertilizer facility. Additional items included a $5.1 million loss on extinguishment of debt and a net charge of $13 million associated with inventory valuation and deferred revenue purchase price accounting adjustments related to CVR Partners’ acquisition of Rentech Nitrogen Partners LP.