CVR Partners Posts $10.7 Million Q3 Loss as Turnaround Cuts Output

CVR Partners, LP swung to a third-quarter 2026 loss as a planned turnaround at its East Dubuque, Illinois, fertilizer plant reduced production and drove up costs.

The partnership lost $10.742 million, or $1.02 per common unit, in the three months ended Sept. 30. It earned $43.072 million, or $4.08 per unit, in the same quarter of 2025. Net sales fell to $146.152 million from $163.549 million.

Ammonia production across CVR Partners’ plants dropped to 175,000 tons from 208,000 tons a year earlier. Urea ammonium nitrate output declined to 294,000 tons from 337,000 tons.

The 41-day turnaround at East Dubuque concluded in mid-October. Expenses for the work reached $26.8 million during the quarter, compared with $1.2 million a year earlier.

CVR Partners makes nitrogen fertilizers at facilities in East Dubuque and Coffeyville, Kansas. President and CEO Dane Neumann said, “The fall harvest is well underway in the Corn Belt, and supplies of nitrogen fertilizers remain tight across the system.”

The partnership expects a completed expansion at East Dubuque to increase ammonia production capacity by approximately 5%.

The board of CVR Partners’ general partner declared a $1.79 cash distribution per common unit for the third quarter. The distribution is payable Nov. 23 to unitholders of record on Nov. 16.