CVR Partners is a high-quality nitrogen fertilizer partnership (ROE 48%, Piotroski 8/9) trading at an attractive valuation, but leverage, a yield-trap warning and middling momentum leave little near-term upside to the $131.25 resistance level.
Thesis pillars
- Attractive Valuation Deep Value→Stable
- Limited Near Term Upside→Stable
- High Quality High Roe Business→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Feb 18, 2026
CVR Partners, LP (UAN) Stock Analysis
Range Bound setup · Sector Rotation edge
Basic Materials · Agricultural Inputs
Wait for pullback to $120.81. Weak momentum — blocks BUY_NOW at $124.54. Engine's entry $120.81 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Sector modifier (Basic Materials): -0.1; Leverage penalty (D/E 1.7): -1.0.
CVR Partners produces and distributes nitrogen fertilizer products — primarily urea ammonium nitrate (UAN) and ammonia — from two manufacturing facilities in Coffeyville, Kansas and East Dubuque, Illinois, selling wholesale to agricultural and industrial customers across the... Read more
Wait for pullback to $120.81. Weak momentum — blocks BUY_NOW at $124.54. Engine's entry $120.81 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Sector modifier (Basic Materials): -0.1; Leverage penalty (D/E 1.7): -1.0. Chart setup: RSI 47 mid-range, Bollinger mid-band. V9 Gate blocked: Momentum 3.9 < 4.5 minimum; Earnings in 4 days (≤7d hard window). Wait for improvement. Score 6.7/10, moderate confidence.
Passes 6/9 gates (clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear, sector concentration cap sector=basic materials 2/3 self excluded). Fails on weak momentum and earnings proximity 4d<=7d. Suitability: aggressive.
About CVR Partners, LP
About CVR Partners, LP
CVR Partners generates approximately 67% of net sales from urea ammonium nitrate (UAN) and 24% from ammonia, produced at two facilities — a Coffeyville, Kansas plant with 1,300-ton-per-day ammonia and 3,100-ton-per-day UAN capacity, and an East Dubuque, Illinois plant with 1,075-ton-per-day ammonia and 950-ton-per-day UAN capacity. The partnership's top two customers accounted for 28% of net sales in 2025, and its Coffeyville facility sourced approximately 36% of its pet coke feedstock from an adjacent refinery operated by affiliate CVR Energy.
CVR Partners sells UAN mainly to retailers and distributors and ammonia to agricultural and industrial customers, under wholesale contracts or purchase orders that typically carry fixed pricing and terms under one year. The Coffeyville facility is the only nitrogen fertilizer plant in North America that gasifies petroleum coke — sourced partly from CVR Energy's adjacent refinery and partly from third parties — into hydrogen feedstock, while the East Dubuque facility instead uses natural gas delivered via the Northern Natural Gas interstate pipeline system. Products move to customers by railcar (mainly Union Pacific and Burlington Northern Santa Fe), truck, and barge via direct Mississippi River dock access. CVR Partners competes against CF Industries, Nutrien, Koch Fertilizer, and LSB Industries, several of which have greater financial resources.
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CVR Partners' feedstock dependence runs directly through its corporate affiliate: approximately 36% of the pet coke used to gasify hydrogen at the Coffeyville facility in 2025 came from CVR Energy's adjacent refinery under the Coffeyville Master Services Agreement, down from 46% in 2024 and 43% in 2023, with the remainder sourced from third parties by truck, railcar, or barge. Because the Coffeyville facility is the only North American nitrogen fertilizer plant built around pet coke gasification rather than natural gas, any disruption at the neighboring CVR Energy refinery would have no directly comparable feedstock substitute among domestic peers, which uniformly use natural gas.
See also: Basic Materials · Agricultural Inputs
From CVR Partners, LP's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — CVR Partners, LP
Latest news
- NEWS CVR Partners Q2 2026 Earnings Call Transcript - MarketBeat — MarketBeat neutral
- NEWS Earnings Flash (UAN) CVR Partners, LP Reports Q2 Revenue $202.2M - marketscreener.com — marketscreener.com positive
- NEWS CVR Partners Posts Strong Q2 Results, Boosts Distribution - TipRanks — TipRanks positive
- NEWS CVR Partners Q2 net income rises to $78 million - Quiver Quantitative — Quiver Quantitative neutral
- NEWS CVR Partners Q2 net income rises to $78 million - quiverquant.com — quiverquant.com positive
Generated 2026-10-29T11:14:36Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers·2 ceiling hits
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $120.81. Weak momentum — blocks BUY_NOW at $124.54. Engine's entry $120.81 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Sector modifier (Basic Materials): -0.1; Leverage penalty (D/E 1.7): -1.0. Chart setup: RSI 47 mid-range, Bollinger mid-band. V9 Gate blocked: Momentum 3.9 < 4.5 minimum; Earnings in 4 days (≤7d hard window). Wait for improvement. Target $131.25 (+5.4%), stop $114.43 (−8.8%), A.R:R 0.0:1. Score 6.7/10, moderate confidence.
Take-profit target: $131.25 (+8.6% upside). Target $131.25 (+5.4%), stop $114.43 (−8.8%), A.R:R 0.0:1. Stop-loss: $114.43.
Sector modifier (Basic Materials): -0.1; Leverage penalty (D/E 1.7): -1.0; Earnings in 4 days (event risk).
CVR Partners, LP trades at a P/E of 8.2 (forward -19.8). TrendMatrix value score: 8.8/10. Verdict: Buy (Wait for Entry).
8 analysts cover UAN with a consensus score of 2.3/5.
What does CVR Partners, LP do?CVR Partners produces and distributes nitrogen fertilizer products — primarily urea ammonium nitrate (UAN) and ammonia...
CVR Partners produces and distributes nitrogen fertilizer products — primarily urea ammonium nitrate (UAN) and ammonia — from two manufacturing facilities in Coffeyville, Kansas and East Dubuque, Illinois, selling wholesale to agricultural and industrial customers across the United States. UAN accounted for approximately 67% of 2025 net sales and ammonia 24%, with the top two customers representing 28% of net sales. The Coffeyville facility sourced approximately 36% of its pet coke feedstock in 2025 from an adjacent refinery operated by affiliate CVR Energy.