CVR Partners LP

Latest CVR Partners LP News and Updates

  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    How Natural Gas Prices Are Moving

    Natural gas prices are critical for nitrogen and ammonia-based phosphate fertilizer producers.

    By Adam Jones
  • uploads///Weekly Urea Spot Prices
    Miscellaneous

    Tracking Urea Price Movement during the Week Ending April 22

    In 2013, about 54% of global ammonia was upgraded to urea, according to FERTECON. But urea prices have rebounded from their lows at the beginning of 2016.

    By Adam Jones
  • uploads///Weekly Urea Spot Prices
    Materials

    Urea Prices: The Continuing Decline Last Week

    Granular urea prices in the Middle East declined 5% to $200 per metric ton in the week ended July 1. It was $210 per metric ton in the previous week.

    By Adam Jones
  • uploads///Urea Prices
    Miscellaneous

    Did Capacity Shutdowns in China Impact Urea Prices?

    For the week ending October 28, the overall movement in urea prices was flat to positive. Granular urea prices rose 6.6% to $211 per metric ton in China.

    By Adam Jones
  • uploads///FebSoybeanTChart
    Miscellaneous

    Soybean Prices Might Continue on the Downward Channel

    March soybean futures contracts were trading near the support level of $8.70 per bushel on February 23. Prices fell for the second consecutive trading day.

    By Sean Brown
  • uploads///Intrepid Potash Next  Month EBITDA and Margin Estimates
    Earnings Report

    Intrepid Potash’s Margins Are Expected to Expand in 2017

    For each of the next four quarters, Intrepid Potash’s EBITDA is estimated to grow YoY. For 1Q17, analysts estimate EBITDA of $2.6 million.

    By Adam Jones
  • uploads///Wholesale Segment Gross Margin
    Earnings Report

    What Benefited Agrium’s Wholesale Gross Margins in 1Q16?

    Agrium’s Wholesale segment’s gross margins declined from 27% in 1Q15 to 24% in 1Q16. This was primarily driven by a decline in gross margins in the Nitrogen and Phosphates segments.

    By Adam Jones
  • uploads///Potash Corporations Sales Declines Yet Again in Q
    Earnings Report

    PotashCorp Meets Sales Estimates in 3Q16

    PotashCorp’s 3Q16 sales PotashCorp’s (POT) business comprises the three major fertilizers—nitrogen, phosphate, and potassium (XLB). In 3Q16, the company earned about 38% [1. calculated as segment sales excluding freight, transportation and distribution costs divided by total sales excluding freight, transportation, and distribution costs] of its total sales from its Potash segment, 32% from its Nitrogen segment, and 30% from […]

    By Adam Jones
  • uploads///N Demand
    Materials

    How Much Demand Will There Be for Nitrogen in the Near Term?

    According to CF Industries, nitrogen prices could remain under pressure as new capacities come online in 2017. However, the company believes that things should improve in 2018.

    By Adam Jones
  • uploads///field _
    Materials

    Key Takeaways from CF Industries’ Strong Second-Quarter Results

    CF Industries reported second-quarter sales of $1.3 billion, which beat analysts’ estimate of $1.2 billion.

    By Adam Jones
  • uploads///Global Wheat Stock to Use Ratio
    Materials

    What Is Positive about the Recent Wheat Stock-to-Use Numbers?

    In September, the global wheat inventory declined 1.5% to 249 million metric tons compared with 252 million metric tons in August 2016.

    By Adam Jones
  • uploads///Stock Price and Earnings
    Earnings Report

    What You Need to Know from CF Industries’ 4Q15 Earnings Conference

    CF Industries Holdings’ (CF) stock rose by almost 8.4% on February 18, 2016, the day after the company’s 4Q15 earnings release.

    By Adam Jones
  • uploads///CF Industries Next  Month Capital Expenditure Estimates
    Materials

    Capital Expenditure Expectations for CF Industries in 2Q17

    CF Industries (CF) is expected to see a significant reduction in its capital expenditure (or capex) year-over-year (or YoY) in 2Q17 and for the next four quarters.

    By Adam Jones
  • uploads///IPIs Potash Realized Prices
    Company & Industry Overviews

    How Lower Fertilizer Prices Are Hurting Intrepid Potash

    Realized prices for fertilizer companies are the main culprit for the dismal performances among companies in the agricultural fertilizer sector.

    By Adam Jones
  • uploads///Pet Coke Price Index
    Macroeconomic Analysis

    Weekly Price Update: Coal Price Index Remained Unchanged

    According to the U.S. EIA, for the first time natural gas will be the largest fuel source for energy. Natural gas should pass coal in 2016, which may explain why coal prices are low.

    By Adam Jones
  • uploads///Urea Prices
    Miscellaneous

    Granular Urea Prices Rose for the Week Ending April 7

    Urea prices in the US Gulf NOLA rose 4.8% week-over-week to $197 per short ton. Prices in the Middle East rose 3.1% week-over-week to $200 per metric ton.

    By Adam Jones
  • uploads///Median Nitrogen Shipment Growth
    Materials

    How Nitrogen Shipments of These Fertilizer Companies Trended

    In 4Q17, the overall nitrogen shipments of the five companies discussed below moved lower year-over-year.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Fertilizers Were Affordable for the Week Ending June 23

    According to the Fertilizer Affordability Index, 2017 has been one of the most affordable years for fertilizers. Mosaic issues the index.

    By Adam Jones
  • uploads///food _
    Materials

    Analysts’ Ratings for Major Agribusiness Stocks: February Update

    So far this year, some major agribusiness stocks, particularly in the fertilizer sector, have performed poorly.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended November
    Materials

    How Did Fertilizer Stocks Perform Last Week?

    In the week ending November 3, agricultural fertilizer stocks were broadly positive.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Why the Fertilizer Affordability Index Was Lower Last Week

    The Fertilizer Affordability Index has shown a downward trend since the beginning of the year. Fertilizers have become more affordable in 2017.

    By Adam Jones
  • uploads///Gains
    Materials

    These MLPs Rose More Than 9% in Week Ended January 5

    CVR Partners (UAN) was the top MLP gainer last week, which ended on January 5, 2018. It rose 23.2%.

    By Kurt Gallon
  • uploads///gulle _
    Materials

    More Tariffs on China, Fertilizer Stocks Are in the Red

    China is one of the largest fertilizer consumers in the world. Investors are concerned that retaliatory measures might hurt fertilizer companies.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Fertilizer Affordability Fell for the Week Ending April 28

    For the week ending April 28, the Fertilizer Affordability Index fell slightly to 0.58x—compared to 0.59x the previous week.

    By Adam Jones
  • uploads///tractor _
    Materials

    CF Industries Pops on Price Upgrade from RBC

    Today, RBC upgraded CF Industries (CF) from its “underperform” rating to “sector perform.”

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended December
    Materials

    Fertilizer Prices Update: Week Ended December 8

    CVR Partners (UAN) emerged as the top gainer last week, rising 17.4% week-over-week to close at $3.70. CF Industries (CF) followed, rising 4.4% to close at $39.30.

    By Adam Jones
  • uploads///UANs Valuation Multiple
    Earnings Report

    Valuation Multiple Update for CVR Partners after Its 4Q15 Earnings

    After CVR Partners’ 4Q15 earnings release, its valuation fell to 7.5x from 8.8x. As of February 21, it was trading close to the peer median of 7.3x.

    By Adam Jones
  • uploads///agriculture _
    Materials

    Why CVR Partners Missed Analyst Estimates in Second Quarter

    CVR Partners missed both top-line and bottom-line estimates for the second quarter, and the stock fell 4.5% after the earnings release.

    By Adam Jones
  • uploads///Urea Prices
    Company & Industry Overviews

    How Urea Prices Continued to Fall despite Capacity Shutdowns

    Urea prices have fallen YTD (year-to-date) as of June 23, 2017. They’re now trading even lower than the levels they saw in the corresponding week in 2016.

    By Adam Jones
  • uploads///romanesco _
    Materials

    Update: July 13 Fertilizer Stocks and Price Movements

    Last week, which ended July 13, was broadly negative for the agribusiness sector. The broader market index was positive.

    By Adam Jones
  • uploads///Wheat Prices
    Miscellaneous

    Why Wheat Prices Are Trading at a 5-Year Low

    In its January report, the USDA (United States Department of Agriculture) reported that the world’s ending stock for wheat rose to 253 million metric tons from 252 million metric tons in December.

    By Adam Jones
  • uploads///Agriums Gross Income and Margin Estimates
    Earnings Report

    What Analysts Estimate for Agrium’s Gross Margins in 2017

    Agrium’s (AGU) gross margins in 2016 stood at 24.8%, a 26.3% fall from 2015.

    By Adam Jones
  • uploads///CFs Q Shipments by Segments
    Earnings Report

    Shipments Rose: A Positive in CF Industries’ 3Q16 Earnings

    Overall, CF Industries’ shipments for its combined segments grew 14% during the quarter to 3.6 million tons from 3.2 million tons in 3Q15.

    By Adam Jones
  • uploads///Fertilizer Players
    Company & Industry Overviews

    Who Are the Biggest Players in the Fertilizer Industry?

    There’s a handful of big players in the agricultural fertilizer industry. Setting up business requires huge capital, which makes for a high barrier to entry.

    By Adam Jones
  • uploads///Wheat Prices
    Miscellaneous

    How Wheat Prices Moved in June 2017

    Wheat prices traded at an average of $4.4 per bushel in 2016, lower than their average of $5.1 per bushel in 2015.

    By Adam Jones
  • uploads///Loss
    Materials

    Why PAA Was the Biggest MLP Loser Last Week

    Plains All American Pipeline (PAA) was the biggest MLP loser last week, which ended on January 19, 2018. The partnership ended the week 6.1% lower.

    By Kurt Gallon
  • uploads///Nitrogen Gross Margins in Q
    Materials

    How Nitrogen Margins for Fertilizer Companies Trended in 4Q17

    In the recent quarters, fertilizer companies (MOO) have rationalized their output and costs to sustain the downward momentum in fertilizer prices that seemed to keep going down.

    By Adam Jones
  • uploads///Analysts Recommendation for CF Industries
    Earnings Report

    How Do Analysts View CF Industries?

    On February 10, 2017, six analysts recommended either a “strong buy” or a “buy” for CF Industries (CF) stock.

    By Adam Jones
  • uploads///Gains
    Materials

    Best-Performing MLPs in the Week Ended July 13

    CVR Partners (UAN) rallied 9.7% in the week ended July 13, making it the top MLP gainer for the week.

    By Kurt Gallon
  • uploads///Analysts Recommendation for PotashCorp
    Miscellaneous

    What Analysts Recommend for PotashCorp

    As of January 18, 2017, six analysts have recommended either a “strong buy” or a “buy” for PotashCorp (POT) stock, although the majority still recommend a “hold.”

    By Adam Jones
  • uploads/// Cost Curve
    Materials

    China might cut its urea export tax in 2015, helping Agrium and CF

    Industry experts often show ex-China global urea capacity utilization because China’s export tax makes domestic producers’ urea more expensive for international buyers.

    By Xun Yao Chen
  • uploads///Pet Coke Price Index Remains Stable
    Macroeconomic Analysis

    Weekly Price Update: How Did the Coal Price Index Move?

    For the week ending March 18, the pet coke index remained unchanged compared to a week ago.

    By Adam Jones
  • uploads///Earnings Per Share
    Materials

    CVR Partners Is Expected to See Losses

    CVR Partners is expected to report a loss per share of $0.06 in the second quarter compared to a loss per share of $0.03 in the corresponding quarter a year ago.

    By Adam Jones
  • uploads///UAN Price
    Company & Industry Overviews

    Low Fertilizer Prices Add Insult to Injury for CVR Partners

    The average UAN price for CVR Partners at gate, which excludes transportation costs, was $227 in 3Q15, compared with $254 per ton in 3Q14.

    By Adam Jones
  • uploads///Ammonia Prices
    Miscellaneous

    How Prices of Ammonia Moved in the Week Ending April 22

    In the week ending April 22, 2016, ammonia prices in Tampa CFR (Cost and Freight) continued to move sideways for the 13th straight week.

    By Adam Jones
  • uploads///Q Earnings Per Share and Growth
    Earnings Report

    What to Expect from Fertilizer Companies’ Earnings in 2Q17

    In recent quarters, fertilizer companies have experienced earnings growth deceleration due to unsupportive prices pressured by excess production capacity.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended January
    Miscellaneous

    Fertilizer Stocks’ Peformance: Week Ending January 27

    The week ending January 27 was broadly positive for agricultural fertilizer stocks. The VanEck Vectors Agribusiness ETF (MOO) rose by 64 basis points.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Prices
    Materials

    How Did Natural Gas Prices Move Last Week?

    In recent weeks, US natural gas prices have started trending higher, and they continued to do so last week. Prices significantly impact nitrogen fertilizer producers.

    By Adam Jones
  • uploads///barley _
    Materials

    A Review of Fertilizer Prices Last Week

    In this series, we’ll look at key NPK (nitrogen, phosphorous, and potassium) fertilizer prices last week.

    By Adam Jones
  • uploads///Weekly Urea Spot Prices
    Macroeconomic Analysis

    How Did Urea Prices Move Last Week?

    China is the largest exporter of urea, which saw an increase in prices in the previous week ended March 18.

    By Adam Jones
  • uploads///Fertilizer Companies YTD Performance
    Earnings Report

    Earnings Preview: What to Expect from CF Industries’ 1Q16 Earnings

    CF Industries (CF) is expected to announce its 1Q16 earnings on May 4, 2016. CF Industries has lost 17% of its value since January 2016, with the stock trading at $33.70 as of April 27, 2016.

    By Adam Jones
  • uploads///Coal Prices versus Natural Gas
    Miscellaneous

    How Coal Prices Moved for the Week Ended April 15

    Coal prices, like natural gas prices, have hit a low point due to a low demand and excess supply imbalance. Recently, natural gas prices have ticked up while coal prices are mostly unchanged.

    By Adam Jones
  • uploads///midstream stocks near  week low
    Materials

    Midstream Stocks Approach 52-Week Lows: Time to Buy?

    Several midstream stocks hit their respective 52-week lows in the last five days. Crude oil prices took a hit yesterday amid concerns over trade talks.

    By Rekha Khandelwal, CFA
  • uploads///Urea Price and Anthracite
    Materials

    Why coal prices affect global urea fertilizer producers like CF

    This series covers key trends that are currently affecting coal and natural gas prices and, consequently, nitrogen fertilizer producers as well.

    By Xun Yao Chen
  • uploads///Nitrogen production process
    Materials

    An investor’s guide to nitrogen fertilizers: Key 2014 drivers

    Nitrogen is an important nutrient for crop development and growth. It’s also the most important input that allows farmers to feed billions of people in the world.

    By Xun Yao Chen
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Natural Gas Prices Were Favorable for Nitrogen Producers

    For the week ending November 2, the natural gas prices at Henry Hub declined to $3.29 per MMBtu from $3.36 per MMBtu.

    By Adam Jones
  • uploads///Urea Prices
    Materials

    Urea Prices Continued to Fall Last Week

    In the week ending November 2, urea prices continued to drop—a continuation of the trend we observed in the past few weeks.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Natural Gas Prices Rose Yet Again Last Week

    Natural gas prices for the week ending October 26 increased week-over-week at most locations in the US.

    By Adam Jones
  • uploads///featured image
    Materials

    CVR Refining Stock Up 7% in After-Hours Trading

    CVR Refining (CVRR) reported its third-quarter results on October 24 after the markets closed. The stock rose 7.2% in after-hours trading yesterday.

    By Rekha Khandelwal, CFA
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Nitrogen Input: Natural Gas Prices Fell at Henry Hub

    In the week ending October 19, natural gas prices trended lower after experiencing a spike in the week ending October 12 at Henry Hub.

    By Adam Jones
  • uploads///CF Industries Analysts NTM Recommendation and Target
    Materials

    CF Industries: UBS Raised the Target Price

    On October 2, CF Industries (CF) received a target price upgrade from UBS. The stock gained ~1.8% and rose to $55.8 during the day.

    By Adam Jones
  • uploads///agriculture _
    Materials

    Fertilizer Stocks and Prices in the Week Ending September 21

    The week ending September 21 was broadly positive for the fertilizer sector. MOO rose 2.3% from the week ending September 14.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Natural Gas Price Update for Nitrogen Investors

    Low natural gas prices in the US have been highly beneficial for North American fertilizer companies (XLB) including CF Industries (CF), CVR Partners (UAN), Nutrien (NTR), and Mosaic (MOS).

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Natural Gas Price Update for Nitrogen Fertilizer Stocks

    We track natural gas prices since they can have a significant impact on the prices of nitrogen fertilizers companies.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Natural Gas Prices Fell Last Week, Benefiting Nitrogen Producers

    We’re looking at natural gas prices in this series, primarily because they make up two-thirds of the input costs for nitrogen-based fertilizers.

    By Adam Jones
  • uploads///Loss
    Materials

    Lowest-Performing MLPs in Week Ended July 27

    American Midstream Partners (AMID) was the lowest-performing MLP in the week ended July 27.

    By Kurt Gallon
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    How Natural Gas Prices Moved Last Week

    Between July 11 and July 18, natural gas spot prices at Henry Hub fell about 4.2% to $2.72 per MMBtu (million British thermal units).

    By Adam Jones
  • uploads///Sales and Sales Growth
    Materials

    How CVR Partners’ Sales Expectations Stack Up with Peers

    Wall Street analysts estimate sales growth of $102 million in the second quarter, which would be a 4% year-over-year increase from $98 million in the second quarter of 2017.

    By Adam Jones
  • uploads///Urea Prices
    Materials

    Urea Prices Rose in Week Ended June 29

    Last week, urea prices continued to be positive for companies (XLB) such as CF Industries (CF), Nutrien (NTR) (POT), and CVR Partners (UAN).

    By Adam Jones
  • uploads///tractor _
    Materials

    Fertilizers Got Stronger the Week Ended June 29

    The upward trend for fertilizer continued last week, with CVR Partners (UAN) rising 9.6% week-over-week to $3.30.

    By Adam Jones
  • uploads///cereals _
    Materials

    Last Week Was a Great Week for Fertilizer Prices

    Last week, the major NPK (nitrogen, phosphorous, and potassium) fertilizer prices rose broadly week-over-week.

    By Adam Jones
  • uploads///tractor _
    Materials

    What the Future Could Hold for CF Industries Stock

    CF Industries (CF), one of the major nitrogen producers in North America, has had a bumpy ride since 2015.

    By Adam Jones
  • uploads///Urea Prices
    Miscellaneous

    Urea Prices Are on the Rise Again

    After a brief pause in the direction two weeks ago, urea prices found positive momentum last week.

    By Adam Jones
  • uploads///gullefa _
    Materials

    What to Expect from Mosaic’s 1Q18 Earnings

    Mosaic is expected to report EPS of $0.28 in 1Q18, which would be a significant rise from its EPS of $0.04 in 1Q17.

    By Adam Jones
  • uploads///wheat _
    Materials

    Fertilizer Price Movements for the Week Ended April 20

    Last week, most fertilizer stocks ended in positive territory. Intrepid Potash (IPI) was the biggest gainer, rising 4.3% to $4.20.

    By Adam Jones
  • uploads///Gains
    Materials

    Last Week’s Top MLP Gainers: Calumet and More

    Calumet Specialty Products Partners (CLMT), a downstream MLP involved in the production of specialty fuels, was the top MLP gainer last week.

    By Kurt Gallon
  • uploads///Urea Prices
    Materials

    Urea Prices Rose Last Week

    Urea prices for the standard grade in the NOLA (New Orleans) region of the US and in Egypt saw the steepest weekly change last week.

    By Adam Jones
  • uploads///Urea Prices
    Materials

    Urea Price Update for the Week Ending February 16

    Last week, urea price movements were broadly positive with prices in the Middle East experiencing strong gains week-over-week.

    By Adam Jones
  • uploads///Loss
    Materials

    CVR Partners: Top MLP Loser in the Week Ending January 26

    CVR Partners, the MLP involved in nitrogen fertilizer production, was the top MLP loser in the week ending January 26. The partnership fell 7.1% last week.

    By Kurt Gallon
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    How Natural Gas Prices Trended Last Week

    In the week ending January 19, natural gas prices at Henry Hub remained elevated with the prices peaking at $5.46 per MMBtu (million British thermal units) on January 16, 2018.

    By Adam Jones
  • uploads///Urea Prices
    Materials

    Urea Prices Fell Last Week

    Nitrogen fertilizer prices remained volatile on the back of the volatility in the input prices of natural gas.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended January
    Materials

    How Fertilizer Prices Moved Last Week

    In the week ending January 19, the VanEck Vectors Agribusiness ETF (MOO) rose 1%, and the broader market S&P 500 (SPY) also ended in positive territory with a gain of 1.2%.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Natural Gas Prices for the Week Ending January 12

    Natural gas is one of the critical input materials needed for nitrogen and some phosphate-based fertilizers.

    By Adam Jones
  • uploads///Urea Prices
    Materials

    Urea Prices Were Positive Last Week, Remain a Concern

    Urea is sold in the granular and prilled variety. In the week ending January 12, granular urea prices were broadly flat to positive week-over-week.

    By Adam Jones
  • uploads///Loss
    Materials

    Top MLP Losers in the Week Ending January 12

    Ferrellgas Partners (FGP) was the top MLP loser in the week ending January 12, 2017. The partnership ended the week 11.5% lower.

    By Kurt Gallon
  • uploads///CF Industries Analysts NTM Recommendation and Target
    Materials

    How Analysts View CF Industries in January 2018

    Nineteen Wall Street analysts are covering CF Industries. They have a consensus mean rating of 2.7 on the stock with an overall “hold” recommendation as of January 10, 2018.

    By Adam Jones
  • uploads///Loss
    Materials

    Top MLP Losers in Week Ended January 5

    Foresight Energy (FELP) was the top MLP loser last week. It fell 3.8% in a single trading session on Friday, January 5, 2018.

    By Kurt Gallon
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Why Natural Gas Rose Sharply Last Week

    Natural gas is one of the key input components for gas-based nitrogen fertilizer producers (MOO)(MXI) such as CF Industries (CF), Terra Nitrogen (TNH), CVR Partners (UAN), and Nutrien (NTR).

    By Adam Jones
  • uploads///Urea Prices
    Materials

    Urea Prices Saw Good Start to 2018

    In the week ending January 5, the prices for granular as well as prilled urea were broadly higher week-over-week.

    By Adam Jones
  • uploads///Intrepid Potash Adjusted EPS and Stock Price
    Materials

    Intrepid Potash’s Earnings Rose in 2017

    Intrepid Potash (IPI) shifted its focus to produce trio. Besides trio, the company continues to diversify its income sources.

    By Adam Jones
  • uploads///Shipment Volume Contribution by Segments
    Materials

    Assessing the Shift in CF Industries’ Product Mix

    In the earlier part of this series, we discussed how shipments impacted CF Industries’ (CF) sales. From our analysis, it’s clear that a rise in selling prices remains the most important growth catalyst for the company.

    By Adam Jones
  • uploads///Forward EV to EBITDA
    Materials

    What Investors Are Paying for Agribusiness Stocks: Part 2

    The remaining companies In this part, we’ll compare the five remaining agribusiness companies’ valuation, again using forward EV-to-EBITDA (enterprise value-to-earnings before interest, tax, depreciation, and amortization) multiples. Valuation multiples As shown in the above chart, the remaining companies’ valuation multiples have risen in the last two years. At 18.3x, FMC (FMC) was trading at a premium to the peer […]

    By Adam Jones
  • uploads///Nitrogen Supply
    Materials

    What 2018 May Hold for Nitrogen Prices

    Nitrogen in 2018 Nitrogen prices remained weak for most of 2017, falling as much as 27% YoY (year-over-year). Ammonia, a fundamental nitrogen input, is further upgraded to nitrogen fertilizers such as urea and urea ammonium nitrate. Ammonia supply As shown in the above chart, ammonia capacity saw a net addition of five million metric tons, or […]

    By Adam Jones
  • uploads///Loss
    Materials

    Blueknight Energy Partners: Top MLP Loser Last Week

    Blueknight Energy Partners (BKEP) was the top MLP loser last week—it fell 6.8%. The partnership has lost 30.7% since the beginning of the year.

    By Kurt Gallon
  • uploads///Gains
    Materials

    The Top MLP Gainers as of December 8

    CVR Partners, an MLP involved in nitrogen fertilizer production, was the biggest MLP gainer last week (ended December 8), rising 17.4% during the week.

    By Kurt Gallon
  • uploads///Henry Hub Natural Gas Spot Price
    Materials

    Natural Gas Prices Impacted Nitrogen Fertilizers Last Week

    The average weekly natural gas prices at Henry Hub for the week ending November 17 moved higher week-over-week.

    By Adam Jones
  • uploads///Average Realized Prices For Urea Ammonia and UAN
    Materials

    Why Nitrogen Fertilizer Prices Fell in 3Q17

    On average, nitrogen fertilizer prices failed to show a meaningful growth YoY (year-over-year) in 3Q17.

    By Adam Jones
  • uploads///Loss
    Materials

    Top MLP Losers for Week Ended November 10

    EV Energy Partners (EVEP), an upstream MLP, was the biggest MLP loser last week, which ended on November 10, 2017. EVEP fell 25.5%.

    By Kurt Gallon
  • uploads///Urea Prices
    Materials

    How Urea Prices Moved Last Week

    In the week ending November 3, the overall weekly urea prices were broadly flat to negative week-over-week.

    By Adam Jones
  • uploads///CFs Shipments by Segments
    Materials

    Why CF Industries’ Shipments Grew in 3Q17

    In the previous part of this series, we saw how CF Industries’ (CF) overall and segment sales performed in 3Q17. The company’s growth was mainly driven by shipments growth.

    By Adam Jones
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