CVR Partners, LP (UAN) Misses Q3 EPS by 5c

CVR Partners, LP (NYSE: UAN) reported Q3 EPS of $0.17, $0.05 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $66.7 million versus the consensus estimate of $71.31 million.

"The UAN average netback price recorded in the 2014 third quarter was in line with our expectations, as we previously had agreements in place with dealers and distributors for substantially all of our UAN production for the second half of the year," said Mark Pytosh, chief executive officer. "Our results for the third quarter were impacted by slightly lower than expected production due to approximately five days of unplanned downtime associated with our gasification unit in late August.

"Looking at the fourth quarter, our daily production rates have been strong to date," Pytosh said. "As a result, we anticipate higher production levels for the period as compared to the 2014 third quarter."

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

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