UAN - The variable distribution MLP that could go a long way Message Board

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Non-Tech : UAN - The variable distribution MLP that could go a long way

UAN 114.19

+1.2%

2:35 PM EST

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dylan murphy

RJCogburn64

Schnullie

From: Elroy	5/1/2023 6:31:41 PM
	3 Recommendations of 816

Damn. UAN hits it out of the park. CVR Partners Reports First Quarter 2023 Results and Announces a Cash Distribution of $10.43 investors.cvrpartners.com The two plants produced at 105% of nameplate capacity. They put 20k tons of ammonia into inventory, and put 7k tons of UAN into inventory. Those likely reverse next quarter, perhaps! The reserved about $20m for future maitenance projects, so they could have easily paid another $2 distributions this Q. The main strength was in fertilizer prices per ton, for both ammonia and UAN. For the first time in a long while UAN benefited from their tendency to pre-sell. They sold Q1 production last year before prices collapsed. Good for them.

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