EAST DUBUQUE, Ill. — The parent company of an East Dubuque nitrogen fertilizer facility reported an increase in net sales to $244 million in the second quarter of 2022, according to a press release.
CVR Partners on Monday reported net income of $118 million for the period, compared to net income of $7 million and net sales of $138 million for the second quarter of 2021.
Mark Pytosh, CEO of CVR Partners, said in the release that the solid operating results for the second quarter were driven by “strong global fertilizer industry conditions.”
“While spring weather presented a challenge, planted grain acres were in line with USDA estimates,” Pytosh said.
CVR Partners’ fertilizer facilities produced a combined 193,000 tons of ammonia during the second quarter of 2022.