Downtime puts CVR in loss column – Alert

CVR Partners LP reported a third-quarter loss of $13.5 million ($0.18 per diluted share) on sales of $49.3 million compared to the year-ago net income of $12.7 million ($0.17 per share) and $66.7 million, respectively. The company cited both a planned turnaround as well as unplanned outages at its air separation unit which resulted in approximately 18 days of additional downtime.