CVR Partners, LP Reports Unaudited Consolidated Production Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 21, 2023 at 05:04 pm EST
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CVR Partners, LP reported unaudited consolidated production results for the fourth quarter and full year ended December 31, 2022. For the quarter, the company produced Ammonia gross of 210,000 tons against 197,000 tons a year ago, Ammonia (net available for sale) of 75,000 tons against 70,000 tons a year ago and UAN of 308,000 tons against 288,000 tons a year ago.
For the year, the company produced Ammonia gross of 703,000 tons against 807,000 tons a year ago, Ammonia (net available for sale) of 213,000 tons against 275,000 tons a year ago and UAN of 1,140,000 tons against 1,208,000 tons a year ago.
CVR Partners, LP owns and operates the nitrogen fertilizer business. It produces nitrogen fertilizer products at two manufacturing facilities, one located in Coffeyville, Kansas operated by its subsidiary, Coffeyville Resources Nitrogen Fertilizers, LLC (the Coffeyville Facility) and one located in East Dubuque, Illinois operated by its wholly owned subsidiary, East Dubuque Nitrogen Fertilizers, LLC (EDNF). Both facilities manufacture ammonia and are able to further upgrade such ammonia to other nitrogen fertilizer products, principally urea ammonium nitrate (UAN). Nitrogen fertilizer is used by farmers to improve the yield and quality of their crops, primarily corn and wheat. Its products are sold on a wholesale basis in the United States of America. The Coffeyville Facility manufacturing facility includes a 1,300 ton-per-day ammonia unit, a 3,100 ton-per-day UAN unit and a dual-train gasifier complex having a capacity of 89 million standard cubic feet per day of hydrogen.