CVR Partners: Q1 Distribution Outlook And Potential Buyout [Seeking Alpha]
Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests (IEP)
US:NASDAQ Investor Relations:
ielp.com/investor-relations
Company Research
Source: Seeking Alpha
Icahn Enterprises has said it may look to acquire or sell its stake in the fertilizer maker. The pending sale of a fertilizer plant to Koch Ag & Energy Solutions suggests that CVR Partners' plants are undervalued. In my last article in February on CVR Partners ( UAN ), I wrote I thought the “Buy”-rated company would pay a higher variable distribution than it did in Q4 as fertilizer prices had rallied from their lows. With more data available on fertilizer prices, I wanted to update that outlook as well as look at a recent filing from CVR Energy ( CVI ) that its parent Icahn Enterprises ( IEP ) could look to acquire the rest of CVR Partners or sell its stake. Q1 Adjusted EBITDA and Distribution Outlook Looking at Q1, UAN and ammonia prices are much lower compared to last year, when the company reported adjusted EBITDA of $124.3 million. Its cash available for distribution was $110.3 million, after it reserved $19.5 million for maintenance capex and future turnarounds. At the
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High impacting Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests news events
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IEP
News
- Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
- Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference CallPR Newswire
- Billionaire Carl Icahn Has a Whopping 62% of His Portfolio in 1 Stock [Yahoo! Finance]Yahoo! Finance
- Billionaire Investor Carl Icahn Is Betting $6.3 Billion on This 1 Stock [Yahoo! Finance]Yahoo! Finance
- Viskase: Global Casing Major Trading At Just 5.5x EV/EBITDA [Seeking Alpha]Seeking Alpha
IEP
Earnings
- 2/28/24 - Miss
IEP
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form SC
- 3/6/24 - Form 8-K
- IEP's page on the SEC website