CVR Partners Reports 2016 Second Quarter Results And Announces Cash Distribution of 17 Cents
Here it is again Wolfee ..... net loss of $17M or (0.15) per unit.
SUGAR LAND, Texas, July 28, 2016 /PRNewswire/ -- CVR Partners, LP (UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, today announced a second quarter 2016 net loss of $17.0 million, or 15 cents per fully diluted common unit, on net sales of $119.8 million, compared to net income of $27.0 million, or 37 cents per fully diluted common unit, on net sales of $80.8 million for the second quarter a year earlier. Negatively impacting 2016 second quarter results were approximately $6.6 million of expenses associated with a major scheduled plant turnaround at the East Dubuque fertilizer facility. Additional items impacting 2016 second quarter results included a $5.1 million loss on extinguishment of debt and a net charge of $13.0 million associated with inventory valuation and deferred revenue purchase price accounting adjustments related to CVR Partners' acquisition of Rentech Nitrogen Partners, L.P. ....................
Here is UAN ........