Nucor earnings beat by $0.08, revenue fell short of estimates
SUNNY ISLES BEACH, FL – Carl Icahn, a notable investor and ten percent owner, has made significant acquisitions of common units in CVR Partners, LP (NYSE:UAN), a $795 million market cap company currently offering a 9.31% dividend yield. According to a recent SEC filing, Icahn purchased a total of 10,024 common units over three consecutive days.
The purchases occurred on March 3, 4, and 5, with unit prices ranging from $72.16 to $74.97. The total value of these transactions amounted to approximately $737,934. Following these acquisitions, Icahn’s indirect ownership in CVR Partners stands at 184,216 common units. InvestingPro analysis shows the company maintains a GOOD financial health score of 2.9, with 6 key investment tips available to subscribers.
These transactions were conducted through entities directly or indirectly controlled by Icahn, as detailed in the footnotes of the filing. The acquisitions reflect Icahn’s continued interest in CVR Partners, a company engaged in the production and distribution of nitrogen fertilizer products. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels, with detailed valuation metrics available in the comprehensive Pro Research Report.
In other recent news, CVR Partners LP reported its fourth-quarter 2024 earnings, which exceeded analyst expectations with an earnings per share (EPS) of $1.73. The company’s revenue for the quarter reached $139.56 million, closely aligning with projections. The firm also announced a distribution of $1.75 per common unit. CVR Partners demonstrated robust performance in the quarter, achieving a net income of $18 million and an operating income of $26 million. The company reported an EBITDA of $50 million for the period. Additionally, CVR Partners has projected maintenance capital spending between $35 million and $45 million for 2025. The company anticipates strong demand for nitrogen fertilizer in the upcoming spring application. CEO Mark Pytosh highlighted the global tightness in the urea market, noting its influence on pricing dynamics.
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