CVR Partners LP (UAN) Misses Q2 EPS by 15c

CVR Partners LP (NYSE: UAN) reported Q2 EPS of $0.23, $0.15 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $77.2 million versus the consensus estimate of $78.02 million.

adjusted EBITDA, a non-GAAP measure, was $25.7 million for the second quarter of 2014, compared to adjusted EBITDA of $44.1 million for the second quarter of 2013.

"Production levels in the 2014 second quarter were impacted by planned downtime at the fertilizer plant, during which we performed maintenance work and addressed previously disclosed issues with our ammonia plant," said Mark Pytosh, chief executive officer. "As expected, pricing for the first half of this year was lower than the first six months of 2013. However, we were pleased to see a nearly 12 percent increase in our average realized gate prices for UAN in the 2014 second quarter as compared to the first quarter of 2014."

For earnings history and earnings-related data on CVR Partners LP (UAN) click here.

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