CVR Partners, LP UAN makes and markets nitrogen fertilizers including ammonia and urea ammonium nitrate (“UAN”) in the U.S. Its products are used mainly by growers to improve yield and quality of their crops. CVR Partners remains committed to ramp up its UAN production capacity. The company is upgrading substantially all of the ammonia it makes to higher margin UAN. It also benefits from transportation cost advantage given the close proximity of its production facility to the U.S. Corn Belt. Let’s have a quick look at the company’s first-quarter 2016 release. Estimate Trend & Surprise History Investors should note that the earnings estimate for CVR Partners for the first quarter has seen a downtrend over the last month. The company has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters while missing once, with an average negative surprise of 46.21%. Earnings CVR Partners posted earnings of 25 cents per share in the quarter, down 39% from earnings of 41 cents per share a year ago. That beat the Zacks Consensus Estimate of 21 cents. Revenues CVR Partners reported revenues of $73.1 million, down around 21.5% year over year. That also surpassed the Zacks Consensus Estimate of $56 million by a large margin. Key Developments to Note CVR Partners produced 113,700 tons of ammonia and purchased an additional 3,000 tons in the quarter of which 15,100 net tons were available for sale while the rest was upgraded to 248,200 tons of UAN. During the first quarter, on-stream factors were 97.7% for gasification, 97.2% for the ammonia synthesis loop and 91.4% for the UAN conversion facility. Zacks Rank Currently, CVR Partners has a Zacks Rank #2 (Buy). Market Reaction CVR Partners’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today. Check back later for our full write up on CVR Partners’ earnings report! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CVR PARTNERS LP (UAN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research