EAST DUBUQUE, Ill. – The parent company of an East Dubuque nitrogen fertilizer facility reported $223 million in net sales in the first quarter of 2022.
CVR Partners this week reported net income of $94 million for the period, compared to a net loss of $25 million on net sales of $61 million for the first quarter of 2021, according to a press release. The company had net sales of $189 million and net income of $61 million for the fourth quarter of last year.
Mark Pytosh, CEO of CVR Partners, said in the release that the first-quarter results were led by “robust global industry conditions.”
“The U.S. spring crop planting season is progressing, and a good season will be critical to supporting global food security,” Pytosh said. “We expect industry conditions to remain firm for the remainder of 2022.”
CVR Partners’ fertilizer facilities produced a combined 187,000 tons of ammonia during the first quarter of 2022.