CVR PARTNERS, LP
UAN · Agricultural Chemicals · 10.6M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $4M (gross $12M, SBC $8M)
Reference price $74.87 · est. market cap ~$791M — last insider purchase, 2025-04-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B82Nitrogen fertilizer MLP delivering top-decile returns and margins in a strong pricing year.
Strengths
- Net margin 16.3% and ROA 10.2% both 100th pct; operating margin 21% (89th) and OCF margin 24.7% (89th)
- Net income +62% (77th), revenue +15% (66th), current ratio 2.2 (80th)
Risks
- Highly cyclical commodity fertilizer pricing and feedstock (natural gas/pet coke) volatility
- Icahn-controlled MLP with limited unitholder rights and leverage covenants
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
27.0%
Operating margin
21.2%
Net margin
16.3%
Return on assets
10.2%
Revenue growth (QoQ)
37.4%
Net-income growth
62.0%
Current ratio
2.2×
EBITDA
$211M
Cash & investments
$69M
Stock comp / revenue
1.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2025-12-10 | PYTOSH MARK A | Disposition | 3.4K | $94.92 |
| 2025-12-10 | PYTOSH MARK A | Option exercise | 2.0K | — |
| 2025-12-10 | PYTOSH MARK A | Disposition | 2.0K | $94.92 |
| 2025-12-10 | PYTOSH MARK A | Option exercise | 3.7K | — |
| 2025-12-10 | PYTOSH MARK A | Disposition | 3.7K | $94.92 |
| 2025-12-10 | PYTOSH MARK A | Option exercise | 3.4K | — |
| 2025-04-22 | ICAHN CARL C | Buy | 5.0K | $74.87 |
| 2025-04-21 | ICAHN CARL C | Buy | 5.3K | $73.87 |
| 2025-04-17 | ICAHN CARL C | Buy | 5.2K | $74.55 |
| 2025-04-16 | ICAHN CARL C | Buy | 5.2K | $74.11 |
| 2025-04-15 | ICAHN CARL C | Buy | 5.2K | $73.24 |
| 2025-04-14 | ICAHN CARL C | Buy | 4.3K | $72.05 |
| 2025-04-11 | ICAHN CARL C | Buy | 4.3K | $70.41 |
| 2025-04-10 | ICAHN CARL C | Buy | 6.1K | $68.64 |
| 2025-04-09 | ICAHN CARL C | Buy | 6.1K | $68.30 |
| 2025-04-08 | ICAHN CARL C | Buy | 6.1K | $68.12 |
| 2025-04-07 | ICAHN CARL C | Buy | 6.1K | $66.65 |
| 2025-04-04 | ICAHN CARL C | Buy | 5.9K | $70.52 |
| 2025-04-03 | ICAHN CARL C | Buy | 500 | $74.98 |
| 2025-04-01 | ICAHN CARL C | Buy | 31 | $74.69 |
| 2025-03-31 | ICAHN CARL C | Buy | 2.8K | $74.79 |
| 2025-03-28 | ICAHN CARL C | Buy | 2.6K | $74.96 |
| 2025-03-26 | ICAHN CARL C | Buy | 180 | $75.00 |
| 2025-03-25 | ICAHN CARL C | Buy | 1.1K | $75.00 |
| 2025-03-13 | ICAHN CARL C | Buy | 3.3K | $74.80 |
| 2025-03-12 | ICAHN CARL C | Buy | 4.1K | $74.56 |
| 2025-03-11 | ICAHN CARL C | Buy | 3.9K | $74.57 |
| 2025-03-10 | ICAHN CARL C | Buy | 2.1K | $74.93 |
| 2025-03-06 | ICAHN CARL C | Buy | 2.8K | $74.96 |
| 2025-03-05 | ICAHN CARL C | Buy | 2.5K | $73.77 |
| 2025-03-04 | ICAHN CARL C | Buy | 3.7K | $72.16 |
| 2025-03-03 | ICAHN CARL C | Buy | 3.7K | $74.97 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-23 | Exec/director changeOtherExhibits | filing ↗ |
| 2026-04-29 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-18 | Exec/director change5.03 | filing ↗ |
| 2026-03-03 | Delisting notice | filing ↗ |
| 2026-02-18 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-26 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-22 | Exec/director change | filing ↗ |
| 2026-01-05 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-23 | 2026-06-18 | 0001425292-26-000025 ↗ |
| 10-Q | 2026-04-29 | 2026-03-31 | 0001425292-26-000022 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001425292-26-000021 ↗ |
| 8-K | 2026-03-18 | 2026-03-17 | 0001425292-26-000018 ↗ |
| 8-K | 2026-03-03 | 2026-02-25 | 0001425292-26-000014 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001425292-26-000010 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0001425292-26-000011 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001425292-26-000007 ↗ |
| 8-K | 2026-01-22 | 2026-01-16 | 0001425292-26-000005 ↗ |
| 8-K | 2026-01-05 | 2026-01-05 | 0001425292-26-000003 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001425292-25-000030 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001425292-25-000028 ↗ |