Carl Icahn purchases $991,588 in CVR Partners common units

Carl Icahn, a prominent investor and ten percent owner, has made significant acquisitions of common units in CVR Partners, LP (NYSE:UAN), a company currently valued at approximately $777 million. According to a recent SEC filing, Icahn executed three separate purchases totaling $991,588. The transactions occurred between April 11 and April 15, 2025, with unit prices ranging from $70.41 to $73.24. The stock has shown strong momentum with a 9.8% gain over the past week. InvestingPro analysis indicates the stock is currently undervalued based on its Fair Value assessment.

These purchases were made under a Rule 10b5-1 trading plan adopted in December 2024. Following these transactions, Icahn’s holdings in CVR Partners increased to 251,609 common units. The acquisitions were conducted indirectly, with ownership attributed to entities associated with Icahn, as detailed in the footnotes of the filing. The company maintains a strong financial position with a current ratio of 2.1 and offers an attractive dividend yield of 9.56%. InvestingPro subscribers can access detailed insider trading patterns and 6 additional exclusive insights about UAN’s financial health and growth potential.

Icahn Enterprises (NASDAQ:IEP) Holdings L.P. and Icahn Enterprises G.P. Inc., both under the control of Carl Icahn, also reported these transactions, highlighting their continued interest and investment in CVR Partners, which maintains a "GREAT" financial health score according to InvestingPro analysis.

In other recent news, CVR Partners reported strong financial results for the fourth quarter of 2024, exceeding analyst expectations. The company’s earnings per share (EPS) stood at $1.73, surpassing forecasts, while revenue for the quarter was $139.56 million. CVR Partners also announced a distribution of $1.75 per common unit. The company achieved a net income of $18 million, supported by net sales of $140 million and an operating income of $26 million. The earnings report reflected robust operational efficiency, with an EBITDA of $50 million for the quarter.

The firm anticipates maintenance capital spending between $35 million and $45 million for 2025, with growth capital spending projected to be $20 million to $25 million. CEO Mark Pytosh highlighted the tight global urea market, which has influenced pricing dynamics for nitrogen fertilizers. Looking ahead, CVR Partners expects strong demand for nitrogen fertilizer, driven by favorable market conditions and increased corn acreage. The company is also exploring the potential to utilize natural gas as an alternative feedstock, which could enhance its operational flexibility.

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