v3.25.2
Business Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business Segments
(11) Business Segments
CVR Partners has one operating and reportable segment: Nitrogen Fertilizer. The Partnership derives revenue by producing and marketing nitrogen fertilizer products within the United States, which are used by farmers to improve the yield and quality of their crops. The segment determination is based on the management approach, reflecting the internal reporting used by the Chief Operating Decision Maker (“CODM”), the Partnership’s Chief Executive Officer, to evaluate performance and make strategic decisions.
The CODM evaluates the performance of the Nitrogen Fertilizer Segment and decides how to allocate resources based on net income, which is reported in the condensed consolidated statements of operations. The CODM uses net income to assess the income generated by the Nitrogen Fertilizer Segment and to decide whether to recommend that the Board reinvest profits into the Partnership or pay distributions. Net income is also used to analyze performance against the budget and the Partnership’s competitors.
While segment assets are not reported to, or used by, the CODM to allocate resources or to assess performance of the segment, total assets are disclosed in the condensed consolidated balance sheets.
The following table presents the operating results and capital expenditures information for the Nitrogen Fertilizer Segment:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2025202420252024
Net sales$168,559 $132,901 $311,425 $260,565 
Less:
Feedstocks16,106 13,469 32,635 30,545 
Distribution costs14,870 13,964 28,098 21,906 
Other costs of materials (1)
1,571 (1,319)(285)(1,010)
Cost of materials and other32,547 26,114 60,448 51,441 
Less:
Direct operating expenses (exclusive of depreciation and amortization and turnaround expenses)59,625 46,813 113,733 102,416 
Turnaround expenses892 57 1,270 123 
Depreciation and amortization20,861 20,040 38,902 39,331 
Selling, general and administrative expenses8,034 6,308 15,922 13,618 
Interest expense9,004 8,432 17,951 16,889 
Interest income(1,424)(922)(2,644)(1,714)
Other segment items (2)
252 (160)(13)(337)
Net income$38,768 $26,219 $65,856 $38,798 
Capital expenditures$10,747 $4,895 $16,679 $9,506 
(1)Other costs of materials includes inventory cost adjustments and lease expense.
(2)Other segment items includes (gain) loss on asset disposal, other (income) expense, and income tax (benefit) expense.