CVR Partners Reports GAAP EPS of -$1.87 and Revenue of $156.48M for Q3

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Cvr Partners Intrinsic Value – CVR ($NYSE:UAN) Partners is a publicly traded company that focuses on the production of nitrogen fertilizers. The company operates through two segments: Nitrogen Fertilizers and CVR Energy. CVR Partners reported a GAAP EPS of -$1.87 and revenue of $156.48M for Q3.

CVR Partners’ results were impacted by lower sales volumes and prices for nitrogen fertilizers, as well as higher costs for natural gas and transportation. Looking ahead, the company expects demand for nitrogen fertilizers to remain challenging in the near-term due to lower crop prices.

Earnings

The increase in total revenue was primarily due to higher urea sales volumes and higher urea and urea ammonium nitrate prices. The increases in GAAP and adjusted net income attributable to CVR Partners were primarily due to higher urea sales volumes and higher urea and UAN prices.

Stock Price

On Monday, CVR Partners stock opened at $122.5 and closed at $121.0, down by 0.5% from previous closing price of 121.7. The company’s coal refining facilities are located in Clear Creek, Colorado and Wynnewood, Oklahoma. CVR Partners is headquartered in Irving, Texas.

VI Analysis – Cvr Partners Intrinsic Value Calculator

CVR Partners is a publicly traded limited partnership that owns and operates a fertilizer manufacturing facility in Coffeyville, Kansas. The facility produces nitrogen-based fertilizers, including ammonia, urea ammonium nitrate, and urea. The company’s fundamentals reflect its long term potential.

The fair value of CVR Partners’ share is around $81.9, calculated by VI Line. Now CVR Partners’ stock is traded at $121.0, overvalued by 48%.

VI Peers

The company has a strong competitive position in the market, with a market share of approximately 20 percent. The company’s main competitors are Guangdong Tianhe Agricultural Means Of Production Co Ltd, Nutrien Ltd, and Stanley Agricultural Group Co Ltd.

– Guangdong Tianhe Agricultural Means Of Production Co Ltd ($SZSE:002999)

Guangdong Tianhe Agricultural Means of Production Co., Ltd. engages in the manufacture and sale of agricultural materials and equipment. Its products include plastic film, drip irrigation pipes, mulch film, and greenhouse facilities. The company was founded in 1993 and is headquartered in Guangzhou, China.

– Nutrien Ltd ($TSX:NTR)

As of 2022, Nutrien Ltd has a market cap of 62.04B and a Return on Equity of 23.76%. The company is a leading provider of agricultural products and services. Nutrien Ltd’s products and services include crop nutrients, crop protection products, seed, and digital agriculture solutions. The company’s products and services are used by farmers around the world to improve crop yields and quality.

– Stanley Agricultural Group Co Ltd ($SZSE:002588)

Stanley Agricultural Group Co Ltd is a publicly traded company with a market capitalization of 6.55B as of 2022. The company has a return on equity of 6.46%. Stanley Agricultural Group Co Ltd is engaged in the business of producing and selling agricultural products. The company’s products include grains, oilseeds, and livestock.

Summary

CVR Partners is a publicly traded partnership that owns and operates a nitrogen fertilizer facility in Coffeyville, Kansas. Investors seeking exposure to the nitrogen fertilizer industry may consider CVR Partners as a potential investment. The company offers a high yield and a history of dividend growth, making it an attractive option for income-focused investors.