"In addition, given the strong pricing environment we have seen during the last few months, the higher production rates at our plant as a result of the March maintenance work, and our outlook for the remainder of the year, we are increasing our full year guidance," said Kelley.
CVR Partners said it is raising its previous distribution guidance range for calendar year 2012 from $1.50 to $1.75 per common unit to $1.65 to $1.85 per common unit. Included in this guidance is an approximate 25 cent negative impact per common unit associated with the company's biennial turnaround currently scheduled for the 2012 fourth quarter. Normalized for the turnaround, the distribution range would be approximately $1.90 to $2.10 per common unit.
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