View Filing Data

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2012	Aug. 01, 2012
Document and Entity Information
Entity Registrant Name	CVR PARTNERS, LP
Entity Central Index Key	0001425292
Document Type	10-Q
Document Period End Date	Jun. 30, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		73,043,356
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 196,394	$ 236,975
Accounts receivable, net of allowance for doubtful accounts of $95 and $76, respectively	4,697	9,322
Inventories	22,658	23,255
Prepaid expenses and other current assets including $551 and $572 from affiliates at June 30, 2012 and December 31, 2011, respectively	2,963	2,311
Total current assets	226,712	271,863
Property, plant, and equipment, net of accumulated depreciation	367,359	341,495
Intangible assets, net	32	36
Goodwill	40,969	40,969
Deferred financing cost, net	2,686	3,164
Other long-term assets, including $1,405 and $1,495 with affiliates at June 30, 2012 and December 31, 2011, respectively	1,945	1,782
Total assets	639,703	659,309
Current liabilities:
Accounts payable, including $2,634 and $2,064 due to affiliates at June 30, 2012 and December 31, 2011, respectively	18,372	15,869
Personnel accruals, including $862 and $812 with affiliates at June 30, 2012 and December 31, 2011, respectively	2,462	2,744
Deferred revenue	4,371	9,019
Accrued expenses and other current liabilities, including $522 and $549 with affiliates at June 30, 2012 and December 31, 2011, respectively	9,753	14,822
Total current liabilities	34,958	42,454
Long-term liabilities:
Long-term debt, net of current portion	125,000	125,000
Other long-term liabilities, including $595 and $850 with affiliates at June 30, 2012 and December 31, 2011, respectively	2,601	2,366
Total long-term liabilities	127,601	127,366
Commitments and contingencies
Partners' capital:
Common unitholders, 73,043,356 and 73,030,936 units issued and outstanding at June 30, 2012 and December 31, 2011, respectively	480,027	491,876
General partner's interest	1	1
Accumulated other comprehensive loss	(2,884)	(2,388)
Total partners' capital	477,144	489,489
Total liabilities and partners' capital	$ 639,703	$ 659,309

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars)	$ 95	$ 76
Prepaid expenses and other current assets, from affiliates (in dollars)	551	572
Other long-term assets, with affiliates (in dollars)	1,405	1,495
Accounts payable, due to affiliates (in dollars)	2,634	2,064
Personnel accruals, with affiliates (in dollars)	862	812
Accrued expenses and other current liabilities, with affiliates (in dollars)	522	549
Other long-term liabilities, with affiliates (in dollars)	$ 595	$ 850
Common unitholders, units issued	73,043,356	73,030,936
Common unitholders, units outstanding	73,043,356	73,030,936

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

Net sales

$ 81,431

$ 80,673

$ 159,707

$ 138,050

Operating costs and expenses:

Cost of product sold (exclusive of depreciation and amortization)

10,725

9,746

23,323

17,237

Direct operating expenses (exclusive of depreciation and amortization)

22,524

22,266

45,361

45,290

Insurance recovery - business interruption

(2,870)

Selling, general and administrative expenses (exclusive of depreciation and amortization)

6,977

4,667

12,954

12,996

Depreciation and amortization

5,158

4,648

10,596

9,285

Total operating costs and expenses

45,384

41,327

92,234

81,938

Operating income

36,047

39,346

67,473

56,112

Other income (expense):

Interest expense and other financing costs

(1,020)

(1,238)

(2,223)

(1,238)

Interest income

Other income, net

Total other income (expense)

(927)

(1,130)

(2,091)

(1,152)

Income before income tax expense

35,120

38,216

65,382

54,960

Income tax expense

Net income

$ 35,088

38,211

$ 65,332

54,945

Net income subsequent to initial public offering (April 13, 2011 through June 30, 2011)

$ 30,849

Net income per common unit - basic (in dollars per share)

$ 0.48

^[1]

$ 0.42

^[2]

$ 0.89

^[3]

$ 0.42

^[4]

Net income per common unit - diluted (in dollars per share)

$ 0.48

^[5]

$ 0.42

^[6]

$ 0.89

^[7]

$ 0.42

^[8]

Weighted-average common units outstanding:

Basic (in shares)

73,035

73,001

73,033

73,001

Diluted (in shares)

73,194

73,044

73,195

73,044

Affiliates

Operating costs and expenses:

Cost of product sold (exclusive of depreciation and amortization)

$ 2,532

$ 2,866

$ 5,522

$ 4,335

Direct operating expenses (exclusive of depreciation and amortization)

448

155

829

848

Selling, general and administrative expenses (exclusive of depreciation and amortization)

5,218

3,249

9,037

9,647

Third parties

Operating costs and expenses:

Cost of product sold (exclusive of depreciation and amortization)

8,193

6,880

17,801

12,902

Direct operating expenses (exclusive of depreciation and amortization)

22,076

22,111

44,532

44,442

Selling, general and administrative expenses (exclusive of depreciation and amortization)

$ 1,759

$ 1,418

$ 3,917

$ 3,349

[1]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[2]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[3]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[4]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[5]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[6]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[7]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[8]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net income	$ 35,088	$ 38,211	$ 65,332	$ 54,945
Other comprehensive income (loss):
Change in fair value of interest rate swap	(726)		(961)
Reclass of gain/loss to income on settlement of interest rate swap	234		465
Other comprehensive income (loss)	(492)		(496)
Total comprehensive income	$ 34,596	$ 38,211	$ 64,836	$ 54,945

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

This element represents Other Comprehensive Income or Loss, Net of Tax, for the period attributable to the parent entity. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment.

+ References

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+ Details

- Definition

Net of tax effect of the reclassification adjustment for accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges included in accumulated comprehensive income that was realized in net income during the period.

+ References

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+ Details

- Definition

Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net income	$ 65,332	$ 54,945
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,596	9,285
Allowance for doubtful accounts	(18)	12
Amortization of deferred financing costs	478	211
Loss on disposition of fixed assets	7	631
Share-based compensation - Affiliates	3,792	5,518
Share-based compensation	253
Change in assets and liabilities:
Accounts receivable	4,643	(847)
Inventories	597	(2,884)
Insurance receivable		(2,870)
Business interruption insurance proceeds		2,870
Prepaid expenses and other current assets	(652)	1,836
Other long-term assets	(163)	(1,484)
Accounts payable	646	(3,842)
Deferred revenue	(4,648)	(15,690)
Accrued expenses and other current liabilities	(725)	5,331
Other long-term liabilities	(275)	(2,828)
Net cash provided by operating activities	79,863	50,194
Cash flows from investing activities:
Capital expenditures	(39,218)	(6,047)
Insurance proceeds from UAN reactor rupture		225
Net cash used in investing activities	(39,218)	(5,822)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		125,000
Payment of financing costs		(4,825)
Distributions to affiliates	(56,572)	(276,677)
Cash distribution to public unitholders - non-affiliates	(24,565)
Purchase of managing general partner incentive distribution rights		(26,000)
Proceeds from issuances of common units, net of offering costs		325,136
Redemption of common units	(89)
Net cash provided by (used in) financing activities	(81,226)	142,634
Net increase (decrease) in cash and cash equivalents	(40,581)	187,006
Cash and cash equivalents, beginning of period	236,975	42,745
Cash and cash equivalents, end of period	196,394	229,751
Supplemental disclosures:
Cash paid for income taxes	35	20
Cash paid for interest, net of capitalized interest of $1,254 and $302 in 2012 and 2011, respectively	2,103	387
Non-cash investing and financing activities:
Accrual of construction in progress additions	$ (2,766)	$ (1,649)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Capitalized interest	$ 1,254	$ 302

CONDENSED CONSOLIDATED STATEMENT OF PARTNERS' CAPITAL - 6 months ended Jun. 30, 2012 - USD ($) $ in Thousands	Total	Common Units Issued	General Partner Interest	Accumulated Other Comprehensive Income/(Loss)
Balance at Dec. 31, 2011	$ 489,489	$ 491,876	$ 1	$ (2,388)
Balance (in shares) at Dec. 31, 2011		73,030,936
Increase (Decrease) in Shareholders' Equity
Cash distributions to Affiliates	(56,572)	$ (56,572)
Cash distributions to Public Unitholders	(24,565)	(24,565)
Share-based compensation - Affiliates	3,792	3,792
Share-based compensation	253	$ 253
Issuance of units under LTIP - Affiliates		16,887
Redemption of common units	(89)	$ (89)
Redemption of common units (in shares)		(4,467)
Net income	65,332	$ 65,332
Net gains (losses) on interest rate swaps	(496)			(496)
Balance at Jun. 30, 2012	$ 477,144	$ 480,027	$ 1	$ (2,884)
Balance (in shares) at Jun. 30, 2012		73,043,356

Formation of the Partnership, Organization and Nature of Business

6 Months Ended

Jun. 30, 2012

Formation of the Partnership, Organization and Nature of Business

Formation of the Partnership, Organization and Nature of Business

(1) Formation of the Partnership, Organization and Nature of Business

Organization

CVR Partners, LP (referred to as "CVR Partners" or the "Partnership") is a Delaware limited partnership, formed in June 2007 by CVR Energy, Inc. (together with its subsidiaries, but excluding the Partnership and its subsidiary, "CVR Energy") to own Coffeyville Resources Nitrogen Fertilizers, LLC ("CRNF"), previously a wholly-owned subsidiary of CVR Energy. CRNF is an independent producer and marketer of upgraded nitrogen fertilizer products sold in North America. CRNF operates a dual-train coke gasifier plant that produces high-purity hydrogen, most of which is subsequently converted to ammonia and upgraded to urea ammonium nitrate ("UAN").

CRNF produces and distributes nitrogen fertilizer products, which are used primarily by farmers to improve the yield and quality of their crops. CRNF's principal products are ammonia and UAN. These products are manufactured at CRNF's facility in Coffeyville, Kansas. CRNF's product sales are heavily weighted toward UAN and all of its products are sold on a wholesale basis.

In October 2007, CVR Energy, through its wholly-owned subsidiary, Coffeyville Resources, LLC ("CRLLC"), transferred CRNF, which operated CRLLC's nitrogen fertilizer business, to the Partnership. The Partnership became the sole member of CRNF. In consideration for CRLLC transferring its nitrogen fertilizer business to the Partnership, (1) CRLLC directly acquired a 0.1% limited partner interest in the Partnership, (2) a wholly-owned subsidiary of CRLLC acquired a 99.9% general partner interest in the Partnership, and (3) CVR GP, LLC ("CVR GP"), then owned by CRLLC, acquired a managing general partner interest and incentive distribution rights ("IDRs") of the Partnership. Immediately prior to CVR Energy's initial public offering, CVR Energy sold the managing general partner interest (together with the IDRs) to Coffeyville Acquisition III LLC ("CALLC III"), an entity owned by funds affiliated with Goldman, Sachs & Co. (the "Goldman Sachs Funds") and Kelso & Company, L.P. (the "Kelso Funds") and members of CVR Energy's management team, for its fair market value on the date of sale. CVR Energy initially indirectly owned all of the interests in the Partnership (other than the managing general partner interest and the IDRs) and initially was entitled to all cash distributed by the Partnership.

Initial Public Offering of CVR Partners, LP

On April 13, 2011, CVR Partners completed its initial public offering (the "Initial Public Offering") of 22,080,000 common units priced at $16.00 per unit (such amount includes common units issued pursuant to the exercise of the underwriters' over-allotment option). The common units trade on the New York Stock Exchange under the symbol "UAN."

The net proceeds to CVR Partners from the Initial Public Offering (including the net proceeds from the exercise of the underwriters' over-allotment option) were approximately $324.2 million, after deducting underwriting discounts and commissions and offering expenses. The net proceeds from the Initial Public Offering were used as follows: approximately $18.4 million was used to make a distribution to CRLLC in satisfaction of the Partnership's obligation to reimburse CRLLC for certain capital expenditures CRLLC made with respect to the nitrogen fertilizer business prior to October 24, 2007; approximately $117.1 million was used to make a special distribution to CRLLC in order to, among other things, fund the offer to purchase CRLLC's senior secured notes required upon consummation of the Initial Public Offering; approximately $26.0 million was used to purchase (and subsequently extinguish) the IDRs owned by the general partner; approximately $4.8 million was used to pay financing fees and associated legal and professional fees resulting from the new credit facility and the balance was used for or will be used for general partnership purposes, including approximately $104.0 million to fund the continuation of the UAN expansion at the nitrogen fertilizer plant.

Immediately prior to the closing of the Initial Public Offering, the Partnership distributed approximately $54.0 million of cash on hand to CRLLC. In connection with the Initial Public Offering, the Partnership's special LP units were converted into common units, the Partnership's special GP units were converted into common units, and the Partnership's special general partner was merged with and into CRLLC, with CRLLC continuing as the surviving entity. Additionally, in conjunction with CVR GP selling its IDRs to the Partnership, which were then extinguished, CALLC III sold CVR GP to CRLLC for a nominal amount.

Registration Statement

The Partnership filed a registration statement with the Securities and Exchange Commission (the "SEC") on March 6, 2012, as amended on April 2, 2012, in which CRLLC planned to offer up to 11.5 million common units representing limited partner interests of the Partnership. On May 15, 2012, the Partnership withdrew the registration statement.

CVR Energy Transaction Agreement

On April 18, 2012, CVR Energy entered into a Transaction Agreement (the "Transaction Agreement") with IEP Energy LLC (the "Offeror"), a majority owned subsidiary of Icahn Enterprises, L.P. ("Icahn Enterprises") and certain other affiliates of Icahn Enterprises, and Carl C. Icahn (collectively with the Offeror, the "Offeror Parties"). Pursuant to the Transaction Agreement, the Offeror offered (the "Offer") to purchase all of the issued and outstanding shares of CVR Energy's common stock (the "Shares") for a price of $30 per Share in cash, without interest, less any applicable withholding taxes, plus one non-transferable contingent cash payment ("CCP") right for each Share which represents the contractual right to receive an additional cash payment per share if a definitive agreement for the sale of CVR Energy is executed on or before August 18, 2013 and such transaction closes.

On May 7, 2012, Offeror Parties announced that control of CVR Energy had been acquired through the Offer. As a result of Shares tendered into the Offer during the initial offering period, the subsequent offering period and subsequent additional purchases, the Offeror owned approximately 82.0% of the Shares of CVR Energy as of June 30, 2012.

Pursuant to the Transaction Agreement, for a period of 60 days CVR Energy solicited proposals or offers from third parties to acquire CVR Energy. The 60 day period began on May 24, 2012 and ended on July 23, 2012 without any qualifying offers.

Operation of Partnership

Subsequent to the closing of the Initial Public Offering, common units held by public security holders represented approximately 30% of all outstanding limited partner interests and CRLLC held common units approximating 70% of all outstanding limited partner interests.

The general partner manages and operates the Partnership. Common unitholders have only limited voting rights on matters affecting the Partnership. In addition, common unitholders have no right to elect the general partner's directors on an annual or continuing basis.

The Partnership is operated by a combination of the general partner's senior management team and CVR Energy's senior management team pursuant to a services agreement among CVR Energy, CVR GP and the Partnership. In October 2007, the Partnership's partners at that time entered into an amended and restated limited partnership agreement setting forth their various rights and responsibilities. The Partnership also entered into a number of agreements with CVR Energy and CVR GP to regulate certain business relations between the Partnership and the other parties thereto. See Note 16 ("Related Party Transactions") for further discussion. In connection with the Initial Public Offering, certain of these agreements, including the amended and restated limited partnership agreement, were amended and/or restated. Additionally, in connection with the Initial Public Offering, the Partnership and CRNF were released from their obligations as guarantors under CRLLC's asset-backed revolving credit facility ("ABL credit facility") and the indentures which govern CRLLC's senior secured notes, as described further in Note 17 ("Commitments and Contingencies") of the Annual Report on Form 10-K for the year ended December 31, 2011.

Basis of Presentation

6 Months Ended

Jun. 30, 2012

Basis of Presentation

Basis of Presentation

(2) Basis of Presentation

The accompanying condensed consolidated financial statements of CVR Partners are comprised of the operations of CRNF's nitrogen fertilizer business. The accompanying condensed consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and in accordance with the rules and regulations of the SEC, including Article 3 of Regulation S-X, "General Instructions as to Consolidated Financial Statements."

The condensed consolidated financial statements include certain selling, general and administrative expenses (exclusive of depreciation and amortization) and direct operating expenses (exclusive of depreciation and amortization) that CVR Energy incurred on behalf of the Partnership. These related party transactions are governed by the amended and restated services agreement originally entered into in October 2007. See Note 16 ("Related Party Transactions") for additional discussion of the services agreement and billing and allocation of certain costs. The amounts charged or allocated to the Partnership are not necessarily indicative of the cost that the Partnership would have incurred had it operated as an independent entity.

In the opinion of the Partnership's management, the accompanying unaudited condensed consolidated financial statements and related notes reflect all adjustments that are necessary to fairly present the financial position of the Partnership as of June 30, 2012 and December 31, 2011, the results of operations of the Partnership for the three and six months ended June 30, 2012 and 2011, comprehensive income for the three and six months ended June 30, 2012 and 2011, the cash flows of the Partnership for the six months ended June 30, 2012 and 2011, and the changes in partners' capital for the Partnership for the six month period ended June 30, 2012.

The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that reflect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. Results of operations and cash flows are not necessarily indicative of the results that will be realized for the year ended December 31, 2012 or any other interim period.

The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. Per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the Partnership's offering on April 13, 2011.

The Partnership has evaluated subsequent events that would require an adjustment to the Partnership's condensed consolidated financial statements or disclosure in the notes to the condensed consolidated financial statements through the date of issuance of the condensed consolidated financial statements.

Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2012

Recent Accounting Pronouncements

Recent Accounting Pronouncements

(3) Recent Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2011-04, "Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS," ("ASU 2011-04"). ASU 2011-04 changes the wording used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements to ensure consistency between U.S. GAAP and International Financial Reporting Standards ("IFRS"). ASU 2011-04 also expands the disclosures for fair value measurements that are estimated using significant unobservable (Level 3) inputs. This new guidance is to be applied prospectively. ASU 2011-04 will be effective for interim and annual periods beginning after December 15, 2011. The Partnership adopted this standard on January 1, 2012. The adoption of this standard did not impact the condensed consolidated financial statement footnote disclosures.

In June 2011, the FASB issued ASU No. 2011-05, "Comprehensive Income (ASC Topic 220): Presentation of Comprehensive Income," ("ASU 2011-05") which amended former comprehensive income guidance. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of shareholders' equity. Instead, the Partnership must report comprehensive income in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. ASU 2011-05 is effective for interim and annual periods beginning after December 15, 2011 and is to be applied retrospectively. In December 2011, FASB deferred the effective date of the changes in ASU 2011-05 that relate to the presentation of reclassification adjustments to again consider whether to present reclassifications out of accumulated other comprehensive income on the face of the financials. This deferral does not impact the other requirements as of ASU 2011-05. The Partnership adopted this standard on January 1, 2012. The adoption of this standard expanded the Partnership's condensed consolidated financial statements and footnote disclosures.

In December 2011, the FASB issued Accounting Standards Update ("ASU") No. 2011-11 "Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities("ASU 2011-11"), which requires new disclosure standards to allow investors to better compare financial statements prepared under U.S. GAAP with financial statements prepared under IFRS. ASU 2011-11 will be effective for annual periods beginning January 1, 2013 and interim periods within those annual periods. The Partnership believes this standard will expand its condensed consolidated financial statement footnote disclosures.

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References + Details

Share-Based Compensation

6 Months Ended

Jun. 30, 2012

Share-Based Compensation

Share-Based Compensation

(4) Share-Based Compensation

Certain employees of CRNF and employees of CVR Energy who perform services for the Partnership under the services agreement with CVR Energy are participants in equity compensation plans of CVR Partners' affiliates. Accordingly, CVR Partners has recorded compensation expense for these plans in accordance with Staff Accounting Bulletin, or SAB Topic 1-B "Allocations of Expenses and Related Disclosures in Financial Statements of Subsidiaries, Divisions or Lesser Business Components of Another Entity" and in accordance with guidance regarding the accounting for share-based compensation granted to employees of an equity method investee. All compensation expense related to these plans for full-time employees of CVR Partners has been allocated 100% to CVR Partners. For employees covered by the services agreement with CVR Energy, the Partnership records share-based compensation relative to the percentage of time spent by each employee providing services to the Partnership as compared to the total calculated share-based compensation by CVR Energy. The Partnership is not responsible for payment of CVR Energy's share-based compensation and all expense amounts are reflected as an increase or decrease to Partners' Capital.

Prior to its initial public offering, CVR Energy was owned by Coffeyville Acquisition LLC ("CALLC"), which was principally owned by the Goldman Sachs Funds, the Kelso Funds and members of CVR Energy's management team. In connection with CVR Energy's initial public offering, CALLC was split into two entities: CALLC and Coffeyville Acquisition II LLC ("CALLC II"). In connection with this split, management's equity interest in CALLC, including both their common units and non-voting override units, were split so that half of management's equity interest was in CALLC and half was in CALLC II.

In February 2011, CALLC and CALLC II sold into the public market 11,759,023 shares and 15,113,254 shares, respectively, of CVR Energy's common stock, pursuant to a registered public offering. In May 2011, CALLC sold into the public market 7,988,179 shares of CVR Energy, pursuant to a registered public offering.

As a result, CALLC and CALLC II are no longer stockholders of CVR Energy. Subsequent to CALLC's and CALLC II's divestiture of ownership interest in CVR Energy, no additional share-based compensation expense will be incurred with respect to override units and phantom units after each respective divestiture date. The final fair values of the override units of CALLC and CALLC II were derived based upon the values resulting from the proceeds received associated with each entity's respective divestiture of its ownership in CVR Energy. These values were utilized to determine the related compensation expense for the unvested units.

The final fair values of the CALLC and CALLC II override units were derived based upon the values resulting from the proceeds received associated with CALLC and CALLC II's divestitures of their remaining shares of CVR Energy and attributable to the unvested units on the associated dates.

The final fair value of the CALLC III override units was derived based upon the value resulting from the proceeds received by the managing GP upon the purchase of the IDR's by the Partnership. These proceeds were subsequently distributed to the owners of CALLC III which included the override unitholders. This value was utilized to determine the related compensation expense for the unvested units. Subsequent to June 30, 2011, no additional share-based compensation will be incurred with respect to override units of CALLC III due to the complete distribution of the proceeds received by the managing GP prior to July 1, 2011. For the three and six months ended June 30, 2011, the estimated fair value of the override units of CALLC III was determined using a probability-weighted expected return method which utilized CALLC III's cash flow projections, which were considered representative of the nature of interests held by CALLC III in the Partnership.

The following table provides key information for the share-based compensation plans related to the override units of CALLC, CALLC II, and CALLC III.

Award Type	Benchmark Value (per Unit)			Grant Date	Compensation Expense Increase (Decrease) for the Three Months Ended June 30, 2011			Compensation Expense Increase (Decrease) for the Six Months Ended June 30, 2011

					(in thousands)
Override Value Units(a)	$	11.31	1,839,265	June 2005	$	17		$	1,495
Override Value Units(b)	$	34.72	144,966	December 2006		(9	)		225
Override Units(c)	$	10.00	642,219	February 2008		58			143

				Total	$	66		$	1,863

Due to the divestiture of all ownership in CVR Energy by CALLC and CALLC II and due to the purchase of the IDRs from CVR GP and the distribution to CALLC III, there is no associated unrecognized compensation expense as of June 30, 2012.

Phantom Unit Plans

CVR Energy, through CRLLC, has two Phantom Unit Appreciation Plans (the "Phantom Unit Plans") whereby directors, employees and service providers were awarded phantom points at the discretion of the board of directors or the compensation committee. Holders of service phantom points had rights to receive distributions when holders of override operating units receive distributions. Holders of performance phantom points had rights to receive distributions when CALLC and CALLC II holders of override value units received distributions. Compensation expense for the three months ended June 30, 2012 and 2011 related to the Phantom Unit Plans was approximately $0.0 and $(0.1) million, respectively. Compensation expense for the six months ended June 30, 2012 and 2011 related to the Phantom Unit Plans was approximately $0.0 and $2.0 million, respectively. Due to the divestiture of all ownership of CVR Energy by CALLC and CALLC II in 2011, there is no unrecognized compensation expense associated with the Phantom Unit Plans at June 30, 2012.

Long-Term Incentive Plan—CVR Energy

CVR Energy has a Long-Term Incentive Plan ("CVR Energy LTIP") that permits the grant of options, stock appreciation rights, restricted shares, restricted share units, dividend equivalent rights, share awards and performance awards (including performance share units, performance units and performance based restricted stock). As of June 30, 2012, only restricted shares of CVR Energy common stock and stock options had been granted under the CVR Energy LTIP. Individuals who are eligible to receive awards and grants under the CVR Energy LTIP include CVR Energy's or its subsidiaries' (including CRNF) employees, officers, consultants and directors.

Restricted Shares

Through the CVR Energy LTIP, shares of restricted common stock have been granted to employees of CVR Energy and CRNF. Restricted shares, when granted, are valued at the closing market price of CVR Energy's common stock on the date of issuance and amortized to compensation expense on a straight-line basis over the vesting period of the common stock. These shares generally vest over a three-year period.

The Transaction Agreement, as discussed in Note 1, triggered a modification to the treatment of outstanding restricted stock awards pursuant to the CVR Energy LTIP. Pursuant to the Transaction Agreement, all restricted stock awards that vest in 2012 will vest in accordance with the current vesting terms, but upon vesting will be converted to a cash award in which the recipient will receive the offer price of $30 per share in cash plus one CCP. For all such awards that vest in accordance with their terms in 2013, 2014 and 2015, the holders of the awards will receive a cash award equal to the lesser of the offer price or the appraised value of the shares at the time of vesting. As a result of the modification, additional share-based compensation of $1.9 million was incurred to revalue the unvested shares to the fair value upon the date of modification. For awards vesting subsequent to 2012, the awards will be remeasured at each subsequent reporting date until they vest.

Assuming the allocation of costs from CVR Energy remains consistent with the allocation percentages in place at June 30, 2012, there was approximately $3.0 million of total unrecognized compensation cost related to restricted shares to be recognized over a weighted-average period of approximately two years. Inclusion of the vesting table is not considered meaningful due to changes in allocation percentages that occur from time to time. The unrecognized compensation expense has been determined by the number of restricted shares and respective allocation percentage for individuals whom, as of June 30, 2012, compensation expense has been allocated to the Partnership.

Compensation expense recorded for the three months ended June 30, 2012 and 2011, related to the restricted shares, was approximately $2.4 million and $0.7 million, respectively. Compensation expense recorded for the six months ended June 30, 2012 and 2011, related to the restricted shares, was approximately $3.0 million and $1.3 million, respectively.

Long-Term Incentive Plan—CVR Partners

In connection with the Initial Public Offering, the board of directors of the general partner adopted the CVR Partners, LP Long-Term Incentive Plan ("CVR Partners LTIP"). Individuals who are eligible to receive awards under the CVR Partners LTIP include CVR Partners', its subsidiaries' and its parent's employees, officers, consultants and directors. The CVR Partners LTIP provides for the grant of options, unit appreciation rights, distribution equivalent rights, restricted units, phantom units and other unit-based awards, each in respect of common units. The maximum number of common units issuable under the CVR Partners LTIP is 5,000,000.

Through CVR Partners LTIP, phantom and common units have been awarded to employees of the Partnership and the general partner. Phantom unit awards made to employees of the general partner are considered a non-employee equity based award and are required to be marked-to-market each reporting period until they vest. Awards made to employees of CRNF are valued on the grant date and amortized over the vesting period. These units generally vest over a three year period. As of June 30, 2012, there was approximately $2.2 million of total unrecognized compensation cost related to the units to be recognized over a weighted-average period of two years. Compensation expense recorded for the three months ended June 30, 2012 and 2011 related to the units was approximately $0.4 million and $0.3 million, respectively. Compensation expense recorded for the six months ended June 30, 2012 and 2011 related to the units was approximately $1.1 million and $0.3 million, respectively.

A summary of the Partnership's unit activity during the six months ended June 30, 2012 is presented below:

	Units			Weighted- Average Grant Date Fair Value

	(in thousands)
Non-vested at January 1, 2012		164,571		$	22.99
Granted		—			—
Vested		(16,887	)		19.74
Forfeited		—			—

Non-vested at June 30, 2012		147,684		$	23.36

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

+ Details

Inventories

6 Months Ended

Jun. 30, 2012

Inventories

Inventories

(5) Inventories

Inventories consist of fertilizer products which are valued at the lower of first-in, first-out ("FIFO") cost, or market. Inventories also include raw materials, catalysts, parts and supplies, which are valued at the lower of moving-average cost, which approximates FIFO, or market. The cost of inventories includes inbound freight costs.

Inventories consisted of the following:

	June 30, 2012		December 31, 2011

	(in thousands)
Finished goods	$	6,065	$	6,130
Raw materials and precious metals		4,384		4,578
Parts and supplies		12,209		12,547

	$	22,658	$	23,255

Property, Plant, and Equipment

6 Months Ended

Jun. 30, 2012

Property, Plant, and Equipment

Property, Plant, and Equipment

(6) Property, Plant, and Equipment

A summary of costs for property, plant, and equipment is as follows:

	June 30, 2012		December 31, 2011

	(in thousands)
Land and improvements	$	2,611	$	2,563
Buildings		815		815
Machinery and equipment		398,361		397,433
Automotive equipment		391		391
Furniture and fixtures		258		261
Railcars		2,496		2,496
Construction in progress		86,877		51,410

	$	491,809	$	455,369
Accumulated depreciation		124,450		113,874

Total net, property, plant and equipment	$	367,359	$	341,495

Capitalized interest recognized as a reduction of interest expense for the three months ended June 30, 2012 and 2011 totaled approximately $0.7 million and $0.3 million, respectively. Capitalized interest recognized as a reduction of interest expense for the six months ended June 30, 2012 and 2011 totaled approximately $1.3 million and $0.3 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Partners' Capital and Partnership Distributions

6 Months Ended

Jun. 30, 2012

Partners' Capital and Partnership Distributions

Partners' Capital and Partnership Distributions

(7) Partners' Capital and Partnership Distributions

In connection with the Initial Public Offering that closed on April 13, 2011, the Partnership's special LP units were converted into common units, the Partnership's special GP units were converted into common units, and the Partnership's special general partner was merged with and into CRLLC, with CRLLC continuing as the surviving entity. In addition, CVR GP sold its IDRs to the Partnership and the IDRs were extinguished, and CALLC III sold CVR GP to CRLLC. Following the Initial Public Offering, the Partnership has two types of partnership interests outstanding:

•

common units; and

•

a general partner interest, which is not entitled to any distributions, and which is held by CVR GP, the general partner.

At June 30, 2012, the Partnership had a total of 73,043,356 common units issued and outstanding, of which 50,920,000 common units were owned by CRLLC, representing approximately 70% of the total Partnership units outstanding.

The board of directors of the general partner has adopted a policy pursuant to which the Partnership will distribute all of the available cash it generates each quarter. Cash distributions will be made to the common unitholders of record on the applicable record date, generally within 45 days after the end of each quarter. Available cash for each quarter will be determined by the board of directors of the general partner following the end of such quarter. Available cash for each quarter will generally equal the Partnership's cash flow from operations for the quarter, less cash needed for maintenance capital expenditures, debt service and other contractual obligations, and reserves for future operating or capital needs that the board of directors of the general partner deems necessary or appropriate. The Partnership also retains the cash on hand associated with prepaid sales at each quarter end for future distributions to common unitholders based upon the recognition into income of the prepaid sales.

During the three and six month periods ended June 30, 2012, the Partnership paid cash distributions to the unitholders of approximately $38.2 million and $81.1 million, respectively, representing a $0.588 per unit distribution for the quarter ended December 31, 2011, and a $0.523 per unit distribution for the quarter ended March 31, 2012. See Note 18 ("Subsequent Events") concerning distributions declared on July 26, 2012 for the three month period ended June 30, 2012.

- Definition

The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units.

+ References + Details

Net Income Per Common Unit

6 Months Ended

Jun. 30, 2012

Net Income Per Common Unit

Net Income Per Common Unit

(8) Net Income Per Common Unit

The Partnership's net income is allocated wholly to the common units as the general partner does not have an economic interest.

Basic and diluted net income per common unit is calculated by dividing net income by the weighted-average number of common units outstanding during the period and, when applicable, gives effect to phantom units and unvested common units granted under the CVR Partners LTIP. The common units issued during the period are included on a weighted-average basis for the days in which they were outstanding.

The following table illustrates the Partnership's calculation of net income per common unit (in thousands, except per unit information):

	Three Months Ended June 30,				Six Months Ended June 30,

	2012		2011		2012		2011
Net income(1)	$	35,088	$	30,849	$	65,332	$	30,849

Net income per common unit, basic	$	0.48	$	0.42	$	0.89	$	0.42

Net income per common unit, diluted	$	0.48	$	0.42	$	0.89	$	0.42

Weighted-average common units outstanding, basic		73,035		73,001		73,033		73,001

Weighted-average common units outstanding, diluted		73,194		73,044		73,195		73,044

(1): The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. Per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the Partnership's offering on April 13, 2011.

Cost Classifications

6 Months Ended

Jun. 30, 2012

Cost Classifications.

Cost Classifications

(9) Cost Classifications

Cost of product sold (exclusive of depreciation and amortization) includes cost of pet coke expense and freight and distribution expenses. For the three and six months ended June 30, 2012, there was $25,000 and $50,000, respectively, in depreciation expense incurred related to the cost of product sold. There was no amount of depreciation related to the cost of product sold expense incurred for the three and six months ended June 30, 2011.

Direct operating expenses (exclusive of depreciation and amortization) includes direct costs of labor, maintenance and services, energy and utility costs, property taxes, and environmental compliance costs as well as chemical and catalyst and other direct operating expenses. Direct operating expenses also include allocated non-cash share-based compensation expense from CVR Energy and CALLC III, as discussed in Note 4 ("Share-Based Compensation"). Direct operating expenses exclude depreciation and amortization of approximately $5.1 million and $4.6 million for the three months ended June 30, 2012 and 2011, respectively. For the six months ended June 30, 2012 and 2011, direct operating expenses exclude depreciation and amortization of approximately $10.5 million and $9.3 million, respectively.

Selling, general and administrative expenses (exclusive of depreciation and amortization) consist primarily of direct and allocated legal, treasury, accounting, marketing, human resources and the cost of maintaining the corporate offices in Texas and Kansas. Selling, general and administrative expenses also include allocated non-cash share-based compensation expense from CVR Energy and CALLC III, as discussed in Note 4 ("Share-Based Compensation"). Selling, general and administrative expenses exclude depreciation and amortization, amounts which are nominal for all of the periods presented.

Accrued Expenses and Other Current Liabilities

6 Months Ended

Jun. 30, 2012

Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities

(10) Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities were as follows:

	June 30, 2012		December 31, 2011

	(in thousands)
Property taxes	$	7,137	$	7,025
Capital asset and dismantling obligation		—		4,187
Other current liabilities (interest rate swap)		927		905
Accrued interest		524		885
Other accrued expenses and liabilities(1)		1,165		1,820

	$	9,753	$	14,822

(1): Other accrued expenses and liabilities include amounts owed by the Partnership to Coffeyville Resources Refining & Marketing, LLC ("CRRM"), a related party, under the feedstock and shared services agreement. See Note 16 ("Related Party Transactions") for additional discussion of amounts the Partnership owes related to the feedstock and shared services agreement.

Nitrogen Fertilizer Incident

6 Months Ended

Jun. 30, 2012

Nitrogen Fertilizer Incident

Nitrogen Fertilizer Incident

(11) Nitrogen Fertilizer Incident

On September 30, 2010, the nitrogen fertilizer plant experienced an interruption in operations due to a rupture of a high-pressure UAN vessel. All operations at the nitrogen fertilizer facility were immediately shut down. No one was injured in the incident. Repairs to the facility as a result of the rupture were substantially complete as of December 31, 2010.

Total gross costs incurred as of June 30, 2012 due to the incident were approximately $11.5 million for repairs and maintenance and other associated costs. Approximately $0.0 and $0.2 million of these costs were recognized during the three months ended June 30, 2012 and 2011, respectively. Approximately $0.1 million and $0.6 million of these costs were recognized during the six months ended June 30, 2012 and 2011, respectively. The repairs and maintenance costs incurred are included in direct operating expenses (exclusive of depreciation and amortization). Of the gross costs incurred, approximately $4.5 million was capitalized in 2010, approximately $0.1 million was capitalized in 2011 and approximately $0.1 million was capitalized in 2012.

As of June 30, 2012, approximately $7.0 million of insurance proceeds have been received under the property damage insurance related to this incident. This amount was received prior to December 31, 2011. The recording of the insurance proceeds resulted in a reduction of direct operating expenses (exclusive of depreciation and amortization) when received.

The insurance policies also provide coverage for interruption to the business, including lost profits, and reimbursement for other expenses and costs the Partnership has incurred relating to the damage and losses suffered for business interruption. This coverage, however, only applies to losses incurred after a business interruption of 45 days. Partial business interruption claims were filed during 2011 resulting in receipt of proceeds totalling $3.4 million for the year ended December 31, 2011. Of this amount, $2.9 million was reported for the six months ended June 30, 2011. The proceeds associated with the business interruption claim are included on the Consolidated Statements of Operations under Insurance recovery—business interruption.

Credit Facility

6 Months Ended

Jun. 30, 2012

Credit Facility

Credit Facility

(12) Credit Facility

Concurrently with the closing of the Initial Public Offering, on April 13, 2011, CRNF as borrower and CVR Partners as guarantor, entered into a credit facility with a group of lenders including Goldman Sachs Lending Partners LLC, as administrative and collateral agent. The credit facility includes a term loan facility of $125.0 million and a revolving credit facility of $25.0 million with an uncommitted incremental facility of up to $50.0 million. No amounts were outstanding under the revolving credit facility at June 30, 2012. There is no scheduled amortization and the credit facility matures in April 2016. The revolving credit facility will be used to finance on-going working capital, capital expenditures, letters of credit issuances and general needs of the Partnership. The Partnership, upon the closing of the credit facility, made a special distribution to CRLLC of approximately $87.2 million in order to, among other things, fund the offer to purchase CRLLC's senior secured notes required upon consummation of the Initial Public Offering.

Borrowings under the credit facility bear interest at either a Eurodollar rate or a base rate plus in either case a margin based on a pricing grid determined by the trailing four quarter leverage ratio. The margin for borrowings under the credit facility ranges from 3.50% to 4.25% for Eurodollar loans and 2.50% to 3.25% for base rate loans. Currently, the interest rate is either the Eurodollar rate plus a margin of 3.5% or, for base rate loans, the prime rate plus 2.5%. Under its terms, the lenders under the credit facility were granted a perfected, first priority security interest (subject to certain customary exceptions) in substantially all of the assets of CVR Partners and CRNF.

The credit facility requires CVR Partners to maintain a minimum interest coverage ratio and a maximum leverage ratio and contains customary covenants for a financing of this type that limit, subject to certain exceptions, the incurrence of additional indebtedness or guarantees, the creation of liens on assets, and the Partnership's ability to dispose of assets, make restricted payments, investments or acquisitions, enter into sale-leaseback transactions or enter into affiliate transactions. The credit facility provides that the Partnership can make distributions to holders of the Partnership's common units provided the Partnership is in compliance with its leverage ratio and interest coverage ratio covenants on a pro forma basis after giving effect to such distribution and there is no default or event of default under the facility.

As of June 30, 2012, CRNF was in compliance with the covenants contained in the credit facility.

In connection with the credit facility, the Partnership incurred lender and other third-party costs of approximately $4.8 million. The costs associated with the credit facility have been deferred and are being amortized over the term of the credit facility as interest expense using the effective-interest amortization method for the term loan facility and the straight-line method for the revolving credit facility.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Interest Rate Swap

6 Months Ended

Jun. 30, 2012

Interest Rate Swap

Interest Rate Swap

(13) Interest Rate Swap

On June 30 and July 1, 2011 CRNF entered into two floating-to-fixed interest rate swap agreements for the purpose of hedging the interest rate risk associated with a portion of its $125.0 million floating rate term debt which matures in April 2016. See Note 12 ("Credit Facility"). The aggregate notional amount covered under these agreements totals $62.5 million (split evenly between the two agreement dates) and commenced on August 12, 2011 and expires on February 12, 2016. Under the terms of the interest rate swap agreement entered into on June 30, 2011, CRNF receives a floating rate based on three month LIBOR and pays a fixed rate of 1.94%. Under the terms of the interest rate swap agreement entered into on July 1, 2011, CRNF receives a floating rate based on three month LIBOR and pays a fixed rate of 1.975%. Both swap agreements will be settled every 90 days. The effect of these swap agreements is to lock in a fixed rate of interest of approximately 1.96% plus the applicable margin paid to lenders over three month LIBOR as governed by the CRNF credit agreement. At June 30, 2012, the effective rate was approximately 4.60%. The agreements were designated as cash flow hedges at inception and accordingly, the effective portion of the unrealized gain or loss on the swap is reported as a component of accumulated other comprehensive income (loss) ("AOCI"), and will be reclassified into interest expense when the interest rate swap transaction affects earnings. The ineffective portion of the gain or loss will be recognized immediately in current interest expense. The realized loss on the interest rate swap re-classed from AOCI into interest expense was $0.2 million and $0.5 million for the three and six months ended June 30, 2012.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

Income Taxes

6 Months Ended

Jun. 30, 2012

Income Taxes

Income Taxes

(14) Income Taxes

CVR Partners is treated as a partnership for U.S. federal income tax purposes. Generally, each common unitholder is required to take into account its respective share of CVR Partners' income, gains, loss and deductions. The Partnership is not subject to income taxes, except for a franchise tax in the state of Texas. The income tax liability of the common unitholders is not reflected in the condensed consolidated financial statements of the Partnership.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

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-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies.

Commitments and Contingencies

(15) Commitments and Contingencies

Leases and Unconditional Purchase Obligations

The minimum required payments for the Partnership's operating leases and unconditional purchase obligations are as follows:

	Operating Leases		Unconditional Purchase Obligations(1)

	(in thousands)
Six months ending December 31, 2012	$	2,909	$	10,754
Year ending December 31, 2013		6,037		28,844
Year ending December 31, 2014		4,678		23,192
Year ending December 31, 2015		4,200		22,745
Year ending December 31, 2016		3,812		23,279
Thereafter		8,206		205,876

	$	29,842	$	314,690

(1): The Partnership's purchase obligation for pet coke from CVR Energy has been derived from a calculation of the average pet coke price paid to CVR Energy over the preceding two year period.

CRNF leases various equipment and facilities, including railcars, under long-term operating leases which expire on various dates. Lease expense for the three months ended June 30, 2012 and 2011 totaled approximately $1.1 million and $1.0 million, respectively. Lease expense for the six months ended June 30, 2012 and 2011 totaled approximately $2.1 million and $2.0 million, respectively. The lease agreements have various remaining terms. Some agreements are renewable, at CRNF's option, for additional periods. It is expected, in the ordinary course of business, that leases will be renewed or replaced as they expire. Additionally, in the normal course of business, the Partnership has long-term commitments to purchase raw materials, electricity and storage and handling services.

Litigation

From time to time, the Partnership is involved in various lawsuits arising in the normal course of business, including matters such as those described below under "Environmental, Health, and Safety ("EHS") Matters." Liabilities related to such litigation are recognized when the related costs are probable and can be reasonably estimated. Management believes the Partnership has accrued for losses for which it may ultimately be responsible. It is possible that management's estimates of the outcomes will change within the next year due to uncertainties inherent in litigation and settlement negotiations. In the opinion of management, the ultimate resolution of any other litigation matters is not expected to have a material adverse effect on the accompanying condensed consolidated financial statements. There can be no assurance that management's beliefs or opinions with respect to liability for potential litigation matters are accurate.

CRNF received a ten year property tax abatement from Montgomery County, Kansas in connection with the construction of the nitrogen fertilizer plant that expired on December 31, 2007. In connection with the expiration of the abatement, the county reassessed CRNF's nitrogen fertilizer plant and classified the nitrogen fertilizer plant as almost entirely real property instead of almost entirely personal property. The reassessment resulted in an increase in CRNF's annual property tax expense by an average of approximately $10.7 million per year for the years ended December 31, 2008 and December 31, 2009, $11.7 million for the year ended December 31, 2010 and $11.4 million for the year ended December 31, 2011. CRNF does not agree with the county's classification of its nitrogen fertilizer plant and has been disputing it before the Kansas Court of Tax Appeals, or COTA. However, CRNF has fully accrued and paid the property taxes the county claims are owed for the years ended December 31, 2011, 2010, 2009 and 2008 and has estimated and accrued for property tax for the first six months of 2012. This property tax expense is reflected as a direct operating expense in the financial results. In January 2012 COTA issued a ruling indicating that the assessment in 2008 of CRNF's fertilizer plant as almost entirely real property instead of almost entirely personal property was appropriate. CRNF disagrees with the ruling and filed a petition for reconsideration with COTA (which was denied) and then filed an appeal to the Kansas Court of Appeals. CRNF is also appealing the valuation of the CRNF fertilizer plant for tax years 2009 through 2012, which cases remain pending before COTA. If CRNF is successful in having the nitrogen fertilizer plant reclassified as personal property, in whole or in part, then a portion of the accrued and paid property tax expenses would be refunded to CRNF, which could have a material positive effect on the results of operations. If CRNF is not successful in having the nitrogen fertilizer plant reclassified as personal property, in whole or in part, then CRNF expects that it will continue to pay property taxes at elevated rates.

Environmental, Health, and Safety ("EHS") Matters

CRNF is subject to various stringent federal, state, and local EHS rules and regulations. Liabilities related to EHS matters are recognized when the related costs are probable and can be reasonably estimated. Estimates of these costs are based upon currently available facts, existing technology, site-specific costs, and currently enacted laws and regulations. In reporting EHS liabilities, no offset is made for potential recoveries. All liabilities are monitored and adjusted regularly as new facts emerge or changes in law or technology occur.

CRNF owns and operates a facility utilized for the manufacture of nitrogen fertilizers. Therefore, CRNF has exposure to potential EHS liabilities related to past and present EHS conditions at this location.

From time to time, the United States Environmental Protection Agency ("EPA") has conducted inspections and issued information requests to CRNF with respect to CRNF's compliance with the Clean Air Act's "Risk Management Program" and the release reporting requirements under the Comprehensive Environmental Response, Compensation, and Liability Act and the Emergency Planning and Community Right-to-Know Act. These previous investigations have resulted in the issuance of preliminary findings regarding CRNF's compliance status. In the fourth quarter of 2010, following CRNF's reported release of ammonia from its cooling water system and the rupture of its UAN vessel (which released ammonia and other regulated substances) the EPA conducted its most recent inspection and issued an additional request for information to CRNF. The EPA has not made any formal claims against CRNF and CRNF has not accrued for any liability associated with the investigations or releases.

Management periodically reviews and, as appropriate, revises its environmental accruals. Based on current information and regulatory requirements, management believes that the accruals established for environmental expenditures are adequate.

EHS expenditures are capitalized when such expenditures are expected to result in future economic benefits. Capital expenditures for the three months ended June 30, 2012 and 2011 were approximately $33,000 and $27,000, respectively. Capital expenditures for the six months ended June 30, 2012 and 2011 were approximately $0.2 million and $0.2 million, respectively. These expenditures were incurred to improve the environmental compliance and efficiency of the operations. CRNF believes it is in substantial compliance with existing EHS rules and regulations. There can be no assurance that the EHS matters described above or other EHS matters which may develop in the future will not have a material adverse effect on the business, financial condition, or results of operations of the Partnership.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

Related Party Transactions

6 Months Ended

Jun. 30, 2012

Related Party Transactions

Related Party Transactions

(16) Related Party Transactions

Registration Rights Agreement

The Partnership filed a registration statement with the SEC on March 6, 2012, as amended April 2, 2012, in which CRLLC planned to offer up to 11.5 million common units representing limited partner interests of the Partnership. On May 15, 2012, the Partnership withdrew the registration statement. For the three and six months ended June 30, 2012, the Partnership recognized approximately $0.1 million and $0.7 million, respectively, in expenses related to this registration statement for the benefit of CRLLC in accordance with CVR Partners' Registration Rights Agreement. These amounts included filing fees, printer fees and external accounting and external legal fees incurred in conjunction with the filing of the registration statement.

Related Party Agreements

In connection with the formation of CVR Partners and the initial public offering of CVR Energy in October 2007, CVR Partners and CRNF entered into several agreements with CVR Energy and its subsidiaries (including CRRM) that govern the business relations among CVR Partners, its general partner and CRNF on the one hand, and CVR Energy and its subsidiaries, on the other hand. Certain of the agreements described below were amended and restated on April 13, 2011 in connection with the Initial Public Offering. The agreements are described as in effect at June 30, 2012. Amounts owed to CVR Partners and CRNF from CVR Energy and its subsidiaries with respect to these agreements are included in prepaid expenses and other current assets, and other long-term assets, on the Condensed Consolidated Balance Sheets. Conversely, amounts owed to CVR Energy and its subsidiaries by CVR Partners and CRNF with respect to these agreements are included in accounts payable, accrued expenses and other current liabilities, and other long-term liabilities, on the Partnership's Condensed Consolidated Balance Sheets.

Feedstock and Shared Services Agreement

CRNF entered into a feedstock and shared services agreement with CRRM under which the two parties provide feedstock and other services to one another. These feedstocks and services are utilized in the respective production processes of CRRM's Coffeyville, Kansas refinery and CRNF's nitrogen fertilizer plant.

Pursuant to the feedstock agreement, CRNF and CRRM have the obligation to transfer excess hydrogen (hydrogen determined not to be needed to meet the current anticipated operational requirements of the facility transferring the hydrogen) to one another. Net monthly sales of hydrogen to CRRM have been reflected as net sales for CVR Partners. Net monthly receipts of hydrogen from CRRM have been reflected in cost of product sold (exclusive of depreciation and amortization) for CVR Partners. For the three months ended June 30, 2012 and 2011, the net sales generated from the sale of hydrogen to CRRM were approximately $0.0 and $6.1 million, respectively. For the six months ended June 30, 2012 and 2011, the net sales generated from the sale of hydrogen to CRRM were approximately $5.7 million and $6.1 million, respectively. For the three months ended June 30, 2012 and 2011, CVR Partners also recognized $0.1 million and $0.0 of cost of product sold (exclusive of depreciation and amortization) related to the transfer of excess hydrogen from the refinery, respectively. For the six months ended June 30, 2012 and 2011, CVR Partners also recognized $0.1 million and $0.7 million of cost of product sold (exclusive of depreciation and amortization) related to the transfer of excess hydrogen from the refinery, respectively. At June 30, 2012 and December 31, 2011, there were approximately $0.0 and $0.1 million, respectively, of receivables included in prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets associated with unpaid balances related to hydrogen sales.

The agreement provides that both parties must deliver high-pressure steam to one another under certain circumstances. Net reimbursed or (paid) direct operating expenses recorded during the three months ended June 30, 2012 and 2011 were approximately $(9,000) and $(35,000), respectively, related to high-pressure steam. Net reimbursed or (paid) direct operating expenses recorded during the six months ended June 30, 2012 and 2011 were approximately $(44,000) and $(211,000), respectively, related to high-pressure steam. Reimbursements or paid amounts for each period on a gross basis were nominal.

CRNF is also obligated to make available to CRRM any nitrogen produced by the Linde air separation plant that is not required for the operation of the nitrogen fertilizer plant, as determined by CRNF in a commercially reasonable manner. Reimbursed direct operating expenses associated with nitrogen for the three months ended June 30, 2012 and 2011, were approximately $0.4 million and $0.3 million, respectively. Reimbursed direct operating expenses associated with nitrogen for the six months ended June 30, 2012 and 2011, were approximately $0.9 million and $0.7 million, respectively. No amounts were paid by CRNF to CRRM for any of the years.

The agreement also provides a mechanism pursuant to which CRNF transfers a tail gas stream to CRRM. CRNF receives the benefit of eliminating a waste gas stream and recovers the fuel value of the tail gas system. For the three months ended June 30, 2012 and 2011, there were net sales of approximately $8,000 and $39,000 generated from the sale of tail gas to CRRM. For the six months ended June 30, 2012 and 2011, there were net sales of approximately $34,000 and $39,000, respectively, generated from the sale of tail gas to CRRM.

In April 2011, in connection with the tail gas stream, CRRM installed a pipe between the Coffeyville, Kansas refinery and the nitrogen fertilizer plant to transfer the tail gas. CRNF has agreed to pay CRRM the cost of installing the pipe over the next three years and to provide an additional 15% to cover the cost of capital in the fourth year. At June 30, 2012, there was an asset of approximately $0.2 million included in other current assets, approximately $1.4 million included in other non-current assets, an offset liability of approximately $0.5 million in other current liabilities and approximately $0.6 million of other non-current liabilities in the Condensed Consolidated Balance Sheet.

CRNF also provided finished product tank capacity to CRRM under the agreement. Approximately $0.0 and $0.1 million was reimbursed by CRRM for the use of tank capacity for the three months ended June 30, 2012 and June 30, 2011, respectively. Approximately $0.1 million and $0.1 million was reimbursed by CRRM for the use of tank capacity for the six months ended June 30, 2012 and June 30, 2011, respectively. This reimbursement was recorded as a reduction to direct operating expenses.

The agreement has an initial term of 20 years, which will be automatically extended for successive five year renewal periods. Either party may terminate the agreement, effective upon the last day of a term, by giving notice no later than three years prior to a renewal date. The agreement will also be terminable by mutual consent of the parties or if one party breaches the agreement and does not cure within applicable cure periods and the breach materially and adversely affects the ability of the terminating party to operate its facility. Additionally, the agreement may be terminated in some circumstances if substantially all of the operations at the nitrogen fertilizer plant or the Coffeyville, Kansas refinery are permanently terminated, or if either party is subject to a bankruptcy proceeding or otherwise becomes insolvent.

At June 30, 2012 and December 31, 2011, receivables of $0.1 million and $0.3 million, respectively, were included in prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets associated with amounts yet to be received related to components of the feedstock and shared services agreement other than amounts related to hydrogen sales. At June 30, 2012 and December 31, 2011, payables of $0.2 million and $0.3 million, respectively, were included in accounts payable on the Condensed Consolidated Balance Sheets associated with unpaid balances related to components of the feedstock and shared services agreement, other than amounts related to hydrogen sales and pet coke purchases.

Coke Supply Agreement

CRNF entered into a coke supply agreement with CRRM pursuant to which CRRM supplies CRNF with pet coke. This agreement provides that CRRM must deliver to the Partnership during each calendar year an annual required amount of pet coke equal to the lesser of (i) 100 percent of the pet coke produced at CRRM's Coffeyville, Kansas petroleum refinery or (ii) 500,000 tons of pet coke. CRNF is also obligated to purchase this annual required amount. If during a calendar month CRRM produces more than 41,667 tons of pet coke, then CRNF will have the option to purchase the excess at the purchase price provided for in the agreement. If CRNF declines to exercise this option, CRRM may sell the excess to a third party.

CRNF obtains most (over 70% on average during the last five years) of the pet coke it needs from CRRM's adjacent crude oil refinery pursuant to the pet coke supply agreement, and procures the remainder on the open market. The price CRNF pays pursuant to the pet coke supply agreement is based on the lesser of a pet coke price derived from the price received for UAN, or the UAN-based price, and a pet coke price index. The UAN-based price begins with a pet coke price of $25 per ton based on a price per ton for UAN (exclusive of transportation cost), or netback price, of $205 per ton, and adjusts up or down $0.50 per ton for every $1.00 change in the netback price. The UAN-based price has a ceiling of $40 per ton and a floor of $5 per ton. The pet coke price index refers to a global petroleum publication that contains regional pricing information.

CRNF will pay any taxes associated with the sale, purchase, transportation, delivery, storage or consumption of the pet coke. CRNF is entitled to offset any amount payable for the pet coke against any amount due from CRRM under the feedstock and shared services agreement between the parties.

The agreement has an initial term of 20 years and will be automatically extended for successive five year renewal periods. Either party may terminate the agreement by giving notice no later than three years prior to a renewal date. The agreement is also terminable by mutual consent of the parties or if a party breaches the agreement and does not cure within applicable cure periods. Additionally, the agreement may be terminated in some circumstances if substantially all of the operations at the nitrogen fertilizer plant or the Coffeyville, Kansas refinery are permanently terminated, or if either party is subject to a bankruptcy proceeding or otherwise becomes insolvent.

Cost of pet coke associated with the transfer of pet coke from CRRM to CRNF was approximately $2.3 million and $2.9 million for the three months ended June 30, 2012 and 2011, respectively. For the six months ended June 30, 2012 and 2011, cost of pet coke associated with the transfer of pet coke from CRRM to CRNF was approximately $5.2 million and $3.6 million, respectively. Payables of $0.8 million and $1.0 million related to the coke supply agreement were included in accounts payable on the Condensed Consolidated Balance Sheets at June 30, 2012 and December 31, 2011, respectively.

Terminal Operating and Lease Agreement

On May 4, 2012, CRNF entered into an operating and lease agreement with Coffeyville Resources Terminal, LLC ("CRT"), pursuant to which CRNF leases certain premises from CRT located at Phillipsburg, Kansas to be utilized as a UAN terminal. CRT also operates the terminal on behalf of CRNF. The agreement has an initial term of 20 years and will automatically be extended for successive five year renewal periods; provided, CRNF may terminate the agreement at any time by providing 180 days' prior written notice. CRNF pays CRT $1.00 per year for rent, $4.00 per ton of UAN placed into the terminal and $4.00 per ton of UAN taken out of the terminal.

Railcar Lease Agreement

Since March 2009, the Partnership has leased 200 railcars from American Railcar Leasing LLC, a company controlled by Mr. Carl Icahn, CVR Energy's majority stockholder. The agreement is scheduled to expire on March 31, 2014. For the three and six months ended June 30, 2012, $0.3 million and $0.5 million, respectively, of rent expense was recorded related to this agreement and is included in cost of product sold (exclusive of depreciation and amortization) in the Condensed Consolidated Statements of Operations.

Lease Agreement

CRNF entered into a lease agreement with CRRM under which it leases certain office and laboratory space. The initial term of the lease will expire in October 2017, provided, however, that CRNF may terminate the lease at any time during the initial term by providing 180 days prior written notice. In addition, CRNF has the option to renew the lease agreement for up to five additional one-year periods by providing CRRM with notice of renewal at least 60 days prior to the expiration of the then existing term. For the three months ended June 30, 2012 and 2011, expense incurred related to the use of the office and laboratory space totalled approximately $26,000 and $27,000, respectively. For the six months ended June 30, 2012 and 2011, expense incurred related to the use of the office and laboratory space totalled approximately $52,000 and $51,000, respectively. There were no unpaid amounts with respect to the lease agreement as of June 30, 2012 and December 31, 2011, respectively.

Environmental Agreement

CRNF entered into an environmental agreement with CRRM which provides for certain indemnification and access rights in connection with environmental matters affecting the Coffeyville, Kansas refinery and the nitrogen fertilizer plant. Generally, both CRNF and CRRM have agreed to indemnify and defend each other and each other's affiliates against liabilities associated with certain hazardous materials and violations of environmental laws that are a result of or caused by the indemnifying party's actions or business operations. This obligation extends to indemnification for liabilities arising out of off-site disposal of certain hazardous materials. Indemnification obligations of the parties will be reduced by applicable amounts recovered by an indemnified party from third parties or from insurance coverage.

The agreement provides for indemnification in the case of contamination or releases of hazardous materials that were present but unknown at the time the agreement was entered into to the extent such contamination or releases are identified in reasonable detail through October 2012. The agreement further provides for indemnification in the case of contamination or releases which occur subsequent to the execution of the agreement.

The term of the agreement is for at least 20 years, or for so long as the feedstock and shared services agreement is in force, whichever is longer.

Services Agreement

CVR Partners obtains certain management and other services from CVR Energy pursuant to a services agreement between the Partnership, CVR GP and CVR Energy. Under this agreement, the Partnership's general partner has engaged CVR Energy to conduct a substantial portion of its day-to-day business operations. CVR Energy provides CVR Partners with the following services under the agreement, among others:

•

services from CVR Energy's employees in capacities equivalent to the capacities of corporate executive officers, except that those who serve in such capacities under the agreement shall serve the Partnership on a shared, part-time basis only, unless the Partnership and CVR Energy agree otherwise;

•

administrative and professional services, including legal, accounting services, human resources, insurance, tax, credit, finance, government affairs and regulatory affairs;

•

management of the Partnership's property and the property of its operating subsidiary in the ordinary course of business;

•

recommendations on capital raising activities to the board of directors of the Partnership's general partner, including the issuance of debt or equity interests, the entry into credit facilities and other capital market transactions;

•

managing or overseeing litigation and administrative or regulatory proceedings, and establishing appropriate insurance policies for the Partnership, and providing safety and environmental advice;

•

recommending the payment of distributions; and

•

managing or providing advice for other projects, including acquisitions, as may be agreed by CVR Energy and the Partnership's general partner from time to time.

As payment for services provided under the agreement, the Partnership, its general partner or CRNF must pay CVR Energy (i) all costs incurred by CVR Energy or its affiliates in connection with the employment of its employees, other than administrative personnel, who provide the Partnership services under the agreement on a full-time basis, but excluding share-based compensation; (ii) a prorated share of costs incurred by CVR Energy or its affiliates in connection with the employment of its employees, including administrative personnel, who provide the Partnership services under the agreement on a part-time basis, but excluding share-based compensation, and such prorated share shall be determined by CVR Energy on a commercially reasonable basis, based on the percentage of total working time that such shared personnel are engaged in performing services for the Partnership; (iii) a prorated share of certain administrative costs, including office costs, services by outside vendors, other sales, general and administrative costs and depreciation and amortization; and (iv) various other administrative costs in accordance with the terms of the agreement, including travel, insurance, legal and audit services, government and public relations and bank charges.

Either CVR Energy or the Partnership's general partner may temporarily or permanently exclude any particular service from the scope of the agreement upon 180 days' notice and either CVR Energy or the Partnership's general partner may terminate the agreement upon at least 180 days', but not more than one year's notice. Furthermore, the Partnership's general partner may terminate the agreement immediately if CVR Energy becomes bankrupt or dissolves or commences liquidation or winding-up procedures.

In order to facilitate the carrying out of services under the agreement, CVR Partners and CVR Energy have granted one another certain royalty-free, non-exclusive and non-transferable rights to use one another's intellectual property under certain circumstances.

Net amounts incurred under the services agreement for the three months ended June 30, 2012 and 2011 were approximately $2.5 million and $2.7 million, respectively. Of these charges approximately $1.8 million and $2.2 million, respectively, were included in selling, general and administrative expenses (exclusive of depreciation and amortization). In addition, $0.7 million and $0.4 million, respectively, are included in direct operating expenses (exclusive of depreciation and amortization). Net amounts incurred under the services agreement for the six months ended June 30, 2012 and 2011 were approximately $5.0 million and $5.3 million, respectively. Of these charges approximately $3.5 million and $4.4 million, respectively, are included in selling, general and administrative expenses (exclusive of depreciation and amortization). In addition, $1.5 million and $1.0 million, respectively, were included in direct operating expenses (exclusive of depreciation and amortization). For services performed in connection with the services agreement, the Partnership recognized personnel costs of $0.8 million and $1.4 million, respectively, for the three months ended June 30, 2012 and 2011. For services performed in connection with the services agreement, the Partnership recognized personnel costs of $1.6 million and $2.7 million, respectively, for the six months ended June 30, 2012 and 2011. At June 30, 2012 and December 31, 2011, payables of $1.6 million and $0.7 million, respectively, were included in accounts payable on the Condensed Consolidated Balance Sheets with respect to amounts billed in accordance with the services agreement.

GP Services Agreement

The Partnership is party to a GP Services Agreement dated November 29, 2011 between the Partnership, CVR GP and CVR Energy. This agreement allows CVR Energy to engage CVR GP, in its capacity as the Partnership's general partner, to provide CVR Energy with (i) business development and related services and (ii) advice or recommendations for such other projects as may be agreed between the Partnership's general partner and CVR Energy from time to time. As payment for services provided under the agreement, CVR Energy must pay a prorated share of costs incurred by the Partnership or its general partner in connection with the employment of the Partnership's employees who provide CVR Energy services on a part-time basis, as determined by the Partnership's general partner on a commercially reasonable basis based on the percentage of total working time that such shared personnel are engaged in performing services for CVR Energy. Pursuant to this GP Services Agreement, one of the Partnership's executive officers has performed business development services for CVR Energy from time to time.

CVR Energy is not required to pay any compensation, salaries, bonuses or benefits to any of the Partnership's general partner's employees who provide services to CVR Energy on a full-time or part-time basis; the Partnership will continue to pay their compensation.

Either CVR Energy or the Partnership's general partner may temporarily or permanently exclude any particular service from the scope of the agreement upon 180 days' notice. The Partnership's general partner also has the right to delegate the performance of some or all of the services to be provided pursuant to the agreement to one of its affiliates or any other person or entity, though such delegation does not relieve the Partnership's general partner from its obligations under the agreement. Either CVR Energy or the Partnership's general partner may terminate the agreement upon at least 180 days', but not more than one year's, notice. Furthermore, CVR Energy may terminate the agreement immediately if the Partnership, or its general partner, become bankrupt, or dissolve and commence liquidation or winding-up.

Limited Partnership Agreement

In connection with the Initial Public Offering, CVR GP and CRLLC entered into the second amended and restated agreement of limited partnership of the Partnership, dated April 13, 2011.

The Partnership's general partner manages the Partnership's operations and activities as specified in the partnership agreement. The general partner of the Partnership is managed by its board of directors. CRLLC has the right to select the directors of the general partner. Actions by the general partner that are made in its individual capacity are made by CRLLC as the sole member of the general partner and not by its board of directors. The members of the board of directors of the general partner are not elected by the unitholders and are not subject to re-election on a regular basis by the unitholders. The officers of the general partner manage the day-to-day affairs of the Partnership's business.

The partnership agreement provides that the Partnership will reimburse its general partner for all direct and indirect expenses it incurs or payments it makes on behalf of the Partnership (including salary, bonus, incentive compensation and other amounts paid to any person to perform services for the Partnership or for its general partner in connection with operating the Partnership). The Partnership incurred for the three months ended June 30, 2012 and 2011 approximately $1.0 million and $0.1 million, respectively, pursuant to the partnership agreement for personnel costs related to the compensation of executives at the general partner, who manage the Partnership's business. For the six months ended June 30, 2012 and 2011, approximately $1.9 million and $0.1 million were incurred related to amounts due for reimbursement, respectively. At June 30, 2012 and December 31, 2011, payables of $0.9 million and $0.8 million, respectively, were included in personnel accruals related to personnel costs on the Condensed Consolidated Balance Sheets with respect to amounts outstanding in accordance with the limited partnership agreement.

Distributions to CRLLC

The Partnership distributed $26.6 million and $56.6 million to CRLLC during the three and six months ended June 30, 2012, respectively, as regular distributions on CRLLC's ownership of common units. The Partnership made cash distributions of approximately $276.7 million to CRLLC prior to and at the time of the Partnership's Initial Public Offering.

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph k

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 3A
-Section 04
-Paragraph b

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 6
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864

+ Details

Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2012

Fair Value of Financial Instruments

Fair Value of Financial Instruments

(17) Fair Value of Financial Instruments

The book values of cash and cash equivalents, accounts receivable and accounts payable are considered to be representative of their respective fair values due to the immediate short—term maturity of these financial instruments. The carrying value of the Partnership's debt approximates fair value.

The fair values of financial instruments are estimated based upon current market conditions and quoted market prices for the same or similar instruments. Management estimates that the carrying value approximates fair value for all of the Partnerships' assets and liabilities that fall under the scope of ASC 825, Financial Instruments (ASC825).

Fair value measurements are derived using inputs (assumptions that market participants would use in pricing an asset or liability) including assumptions about risk. FASB ASC 820 categorizes inputs used in fair value measurements into three broad levels as follows:

•

(Level 1) Quoted prices in active markets for identical assets or liabilities.

•

(Level 2) Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, similar assets and liabilities in markets that are not active or can be corroborated by observable market data.

•

(Level 3) Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes valuation techniques that involve significant unobservable inputs.

The following table sets forth the assets and liabilities measured at fair value on a recurring basis, by input level, as of June 30, 2012 and December 31, 2011.

	June 30, 2012

	Level 1		Level 2		Level 3		Total
	(in thousands)
Location and Description
Cash equivalents (money market account)	$	160,121	$	—	$	—	$	160,121
Other current assets (marketable securities)		—		—		—		—

Total Assets	$	160,121	$	—	$	—	$	160,121
Other current liabilities (interest rate swap)	$	—	$	927	$	—	$	927
Other long-term liabilities (interest rate swap)	$	—	$	1,957	$	—	$	1,957

Total Liabilities	$	—	$	2,884	$	—	$	2,884

Accumulated other comprehensive loss (interest rate swap)	$	—	$	2,884	$	—	$	2,884

	December 31, 2011

	Level 1		Level 2		Level 3		Total
	(in thousands)
Location and Description
Cash equivalents (money market account)	$	160,030	$	—	$	—	$	160,030
Other current assets (marketable securities)		—		—		—		—

Total Assets	$	160,030	$	—	$	—	$	160,030
Other current liabilities (interest rate swap)	$	—	$	905	$	—	$	905
Other long-term liabilities (interest rate swap)	$	—	$	1,483	$	—	$	1,483

Total Liabilities	$	—	$	2,388	$	—	$	2,388

Accumulated other comprehensive loss (interest rate swap)	$	—	$	2,388	$	—	$	2,388

As of June 30, 2012 and December 31, 2011, the only financial assets and liabilities that are measured at fair value on a recurring basis are the Partnership's money market accounts and derivative instruments. The carrying value of the Partnership's debt approximates fair value. The Partnership has an interest rate swap that is measured at fair value on a recurring basis using Level 2 inputs (see Note 13 "Interest Rate Swap"). The Partnership had no transfers of assets or liabilities between any of the above levels during the three and six months ended June 30, 2012.

The fair values of these interest rate swap instruments are based on discounted cash flow models that incorporate the cash flows of the derivatives, as well as the current LIBOR rate and a forward LIBOR curve, along with other observable market inputs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13537-108611

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13504-108611

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

+ Details

Subsequent Events

6 Months Ended

Jun. 30, 2012

Subsequent Events

Subsequent Events

(18) Subsequent Events

Distribution

On July 26 2012, the Board of Directors of the Partnership's general partner declared a cash distribution for the second quarter of 2012 to the Partnership's unitholders of $0.60 per unit. The cash distribution will be paid on August 14, 2012 to unitholders of record at the close of business on August 7, 2012.

Share-Based Compensation (Tables) - CVR Energy, Inc

6 Months Ended

Jun. 30, 2012

Share-Based Compensation

Summary of the status of non-vested shares

	Units			Weighted- Average Grant Date Fair Value

	(in thousands)
Non-vested at January 1, 2012		164,571		$	22.99
Granted		—			—
Vested		(16,887	)		19.74
Forfeited		—			—

Non-vested at June 30, 2012		147,684		$	23.36

CALLC, CALLC II and CALLC III

Share-Based Compensation

Schedule of key information for share-based compensation plans related to override units

Award Type	Benchmark Value (per Unit)			Grant Date	Compensation Expense Increase (Decrease) for the Three Months Ended June 30, 2011			Compensation Expense Increase (Decrease) for the Six Months Ended June 30, 2011

					(in thousands)
Override Value Units(a)	$	11.31	1,839,265	June 2005	$	17		$	1,495
Override Value Units(b)	$	34.72	144,966	December 2006		(9	)		225
Override Units(c)	$	10.00	642,219	February 2008		58			143

				Total	$	66		$	1,863

Inventories (Tables)

6 Months Ended

Jun. 30, 2012

Inventories

Schedule of inventories

	June 30, 2012		December 31, 2011

	(in thousands)
Finished goods	$	6,065	$	6,130
Raw materials and precious metals		4,384		4,578
Parts and supplies		12,209		12,547

	$	22,658	$	23,255

Property, Plant, and Equipment (Tables)

6 Months Ended

Jun. 30, 2012

Property, Plant, and Equipment

Summary of costs for property, plant, and equipment

	June 30, 2012		December 31, 2011

	(in thousands)
Land and improvements	$	2,611	$	2,563
Buildings		815		815
Machinery and equipment		398,361		397,433
Automotive equipment		391		391
Furniture and fixtures		258		261
Railcars		2,496		2,496
Construction in progress		86,877		51,410

	$	491,809	$	455,369
Accumulated depreciation		124,450		113,874

Total net, property, plant and equipment	$	367,359	$	341,495

Net Income Per Common Unit (Tables)

6 Months Ended

Jun. 30, 2012

Net Income Per Common Unit

Schedule of calculation of net income per common unit

	Three Months Ended June 30,				Six Months Ended June 30,

	2012		2011		2012		2011
Net income(1)	$	35,088	$	30,849	$	65,332	$	30,849

Net income per common unit, basic	$	0.48	$	0.42	$	0.89	$	0.42

Net income per common unit, diluted	$	0.48	$	0.42	$	0.89	$	0.42

Weighted-average common units outstanding, basic		73,035		73,001		73,033		73,001

Weighted-average common units outstanding, diluted		73,194		73,044		73,195		73,044

(1): The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. Per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the Partnership's offering on April 13, 2011.

Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Accrued Expenses and Other Current Liabilities

Schedule of accrued expenses and other current liabilities

	June 30, 2012		December 31, 2011

	(in thousands)
Property taxes	$	7,137	$	7,025
Capital asset and dismantling obligation		—		4,187
Other current liabilities (interest rate swap)		927		905
Accrued interest		524		885
Other accrued expenses and liabilities(1)		1,165		1,820

	$	9,753	$	14,822

(1): Other accrued expenses and liabilities include amounts owed by the Partnership to Coffeyville Resources Refining & Marketing, LLC ("CRRM"), a related party, under the feedstock and shared services agreement. See Note 16 ("Related Party Transactions") for additional discussion of amounts the Partnership owes related to the feedstock and shared services agreement.

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies.

Schedule of minimum required payments for operating leases and unconditional purchase obligations

	Operating Leases		Unconditional Purchase Obligations(1)

	(in thousands)
Six months ending December 31, 2012	$	2,909	$	10,754
Year ending December 31, 2013		6,037		28,844
Year ending December 31, 2014		4,678		23,192
Year ending December 31, 2015		4,200		22,745
Year ending December 31, 2016		3,812		23,279
Thereafter		8,206		205,876

	$	29,842	$	314,690

(1): The Partnership's purchase obligation for pet coke from CVR Energy has been derived from a calculation of the average pet coke price paid to CVR Energy over the preceding two year period.

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value of Financial Instruments

Schedule of assets and liabilities measured at fair value on a recurring basis

	June 30, 2012

	Level 1		Level 2		Level 3		Total
	(in thousands)
Location and Description
Cash equivalents (money market account)	$	160,121	$	—	$	—	$	160,121
Other current assets (marketable securities)		—		—		—		—

Total Assets	$	160,121	$	—	$	—	$	160,121
Other current liabilities (interest rate swap)	$	—	$	927	$	—	$	927
Other long-term liabilities (interest rate swap)	$	—	$	1,957	$	—	$	1,957

Total Liabilities	$	—	$	2,884	$	—	$	2,884

Accumulated other comprehensive loss (interest rate swap)	$	—	$	2,884	$	—	$	2,884

	December 31, 2011

	Level 1		Level 2		Level 3		Total
	(in thousands)
Location and Description
Cash equivalents (money market account)	$	160,030	$	—	$	—	$	160,030
Other current assets (marketable securities)		—		—		—		—

Total Assets	$	160,030	$	—	$	—	$	160,030
Other current liabilities (interest rate swap)	$	—	$	905	$	—	$	905
Other long-term liabilities (interest rate swap)	$	—	$	1,483	$	—	$	1,483

Total Liabilities	$	—	$	2,388	$	—	$	2,388

Accumulated other comprehensive loss (interest rate swap)	$	—	$	2,388	$	—	$	2,388

Formation of the Partnership, Organization and Nature of Business (Details) $ / shares in Units, $ in Millions	1 Months Ended			3 Months Ended	6 Months Ended	15 Months Ended
	Apr. 30, 2012 shares	Apr. 30, 2011 USD ($) $ / shares shares	Oct. 31, 2007	Jun. 30, 2012 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2012 USD ($)	Apr. 18, 2012 shares $ / shares
Number of limited partner units sold in public offering (in units) \| shares		22,080,000
Offering price per unit (in dollars per share) \| $ / shares		$ 16.00
Percentage of limited partner interest held by the public					30.00%
Net proceeds from the Initial Public Offering		$ 324.2
Amount used to pay financing fees and associated legal and professional fees		4.8
Expected investment required for funding of the UAN expansion		104.0
Distributions to affiliates				$ 38.2	$ 81.1
Wholly-owned subsidiary of CRLLC \| Special GP units
General partner interest (as a percent)			99.90%
CRLLC
Maximum number of units planned to be offered from CRLLC's capital account in a public offering which was subsequently withdrawn (in shares) \| shares	11,500,000
Limited partner interest (as a percent)			0.10%		70.00%
Amount distributed to limited partner for reimbursement of certain capital expenditures		18.4
Amount distributed to limited partner to fund debt repurchase		117.1
Distributions to affiliates		54.0		$ 26.6	$ 56.6	$ 276.7
CVR GP, LLC
Amount paid for purchase of IDRs from general partner		$ 26.0
CVR Energy, Inc
Period during which CVR Energy will solicit proposals or offers from third parties to acquire its common stock	60 days
CVR Energy, Inc \| Offeror
Price per share of common stock offered in tender offer (in dollars per share) \| $ / shares							$ 30
Number of non-transferable contingent cash payment rights for each share \| shares							1
Aggregate ownership percentage				82.00%	82.00%	82.00%

Share-Based Compensation (Details) $ / shares in Units, $ in Thousands	1 Months Ended					3 Months Ended	6 Months Ended
	May 31, 2011 shares	Feb. 28, 2011 shares	Feb. 29, 2008 shares	Dec. 31, 2006 shares	Jun. 30, 2005 shares	Jun. 30, 2011 USD ($)	Jun. 30, 2012 Item $ / shares	Jun. 30, 2011 USD ($)
Share-Based Compensation
Percentage of allocation of share-based compensation expense							100.00%
CVR Energy, Inc \| CALLC Pre Split
Share-Based Compensation
Number of entities into which the limited liability company was split \| Item							2
CVR Energy, Inc \| CALLC -Post Split
Share-Based Compensation
Number of shares of common stock sold pursuant to a registered public offering \| shares	7,988,179	11,759,023
CVR Energy, Inc \| CALLC II
Share-Based Compensation
Number of shares of common stock sold pursuant to a registered public offering \| shares		15,113,254
CVR Energy, Inc \| CALLC and CALLC II
Key information for the share-based compensation plans related to the override units of CALLC, CALLC II and CALLC III
Compensation Expense Increase (Decrease) \| $						$ 66		$ 1,863
CVR Energy, Inc \| Override Value Units (a) \| CALLC and CALLC II
Key information for the share-based compensation plans related to the override units of CALLC, CALLC II and CALLC III
Benchmark Value (per unit) \| $ / shares							$ 11.31
Original Awards Issued (in shares) \| shares					1,839,265
Compensation Expense Increase (Decrease) \| $						17		1,495
CVR Energy, Inc \| Override Value Units (b) \| CALLC and CALLC II
Key information for the share-based compensation plans related to the override units of CALLC, CALLC II and CALLC III
Benchmark Value (per unit) \| $ / shares							34.72
Original Awards Issued (in shares) \| shares				144,966
Compensation Expense Increase (Decrease) \| $						(9)		225
CVR Energy, Inc \| Override Units (c) \| CALLC III
Key information for the share-based compensation plans related to the override units of CALLC, CALLC II and CALLC III
Benchmark Value (per unit) \| $ / shares							$ 10.00
Original Awards Issued (in shares) \| shares			642,219
Compensation Expense Increase (Decrease) \| $						58		143
CVR Energy, Inc \| Phantom Unit Plans
Key information for the share-based compensation plans related to the override units of CALLC, CALLC II and CALLC III
Compensation Expense Increase (Decrease) \| $						$ (100)		$ 2,000
Number of share-based compensation plans \| Item							2

Share-Based Compensation (Details 2) - CVR Energy, Inc - Restricted Stock $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2012 USD ($) shares $ / shares	Jun. 30, 2011 USD ($)	Jun. 30, 2012 USD ($) Y shares $ / shares	Jun. 30, 2011 USD ($)
Other disclosures
Compensation expense		$ 0.7		$ 1.3
CVR Energy LTIP
Other disclosures
Vesting period			3 years
Price at which holders of Shares will receive upon vesting of award (in dollars per share) \| $ / shares	$ 30		$ 30
Number of non-transferable contingent cash payments right for each share \| shares	1		1
Additional share-based compensation incurred upon modification			$ 1.9
Unrecognized compensation cost	$ 3.0		$ 3.0
Weighted-average period for amortization of unrecognized compensation cost \| Y			2
Compensation expense	$ 2.4	$ 0.7	$ 3.0	$ 1.3

Share-Based Compensation (Details 3) - CVR Partners LTIP $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2012 USD ($) $ / shares shares	Jun. 30, 2011 USD ($)	Jun. 30, 2012 USD ($) Y $ / shares shares	Jun. 30, 2011 USD ($)
Share-Based Compensation
Common stock authorized for issuance (in shares)	5,000,000		5,000,000
Non-vested shares activity
Non-vested at the beginning of the period (in shares)			164,571,000
Vested (in shares)			(16,887,000)
Non-vested at the end of the period (in shares)	147,684,000		147,684,000
Weighted-Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share) \| $ / shares			$ 22.99
Vested (in dollars per share) \| $ / shares			19.74
Non-vested at the end of the period (in dollars per share) \| $ / shares	$ 23.36		$ 23.36
CVR Energy, Inc \| Phantom and common units
Share-Based Compensation
Vesting period			3 years
Unrecognized compensation cost \| $	$ 2.2		$ 2.2
Weighted-average period for amortization of unrecognized compensation cost \| Y			2
Compensation expense \| $	$ 0.4	$ 0.3	$ 1.1	$ 0.3

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Inventories
Finished goods	$ 6,065	$ 6,130
Raw materials and precious metals	4,384	4,578
Parts and supplies	12,209	12,547
Inventories	$ 22,658	$ 23,255

Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Property, Plant, and Equipment
Gross property, plant and equipment	$ 491,809		$ 491,809		$ 455,369
Accumulated depreciation	124,450		124,450		113,874
Total net, property, plant and equipment	367,359		367,359		341,495
Capitalized interest	700	$ 300	1,300	$ 300
Land and improvements
Property, Plant, and Equipment
Gross property, plant and equipment	2,611		2,611		2,563
Buildings
Property, Plant, and Equipment
Gross property, plant and equipment	815		815		815
Machinery and equipment
Property, Plant, and Equipment
Gross property, plant and equipment	398,361		398,361		397,433
Automotive equipment
Property, Plant, and Equipment
Gross property, plant and equipment	391		391		391
Furniture and fixtures
Property, Plant, and Equipment
Gross property, plant and equipment	258		258		261
Railcars
Property, Plant, and Equipment
Gross property, plant and equipment	2,496		2,496		2,496
Construction in progress
Property, Plant, and Equipment
Gross property, plant and equipment	$ 86,877		$ 86,877		$ 51,410

Partners' Capital and Partnership Distributions (Details) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended		4 Months Ended	6 Months Ended	15 Months Ended
	Apr. 30, 2011 USD ($)	Oct. 31, 2007	Jun. 30, 2012 USD ($) shares	Mar. 31, 2012 $ / shares	Dec. 31, 2011 $ / shares shares	Jun. 30, 2012 USD ($) Item shares	Jun. 30, 2012 USD ($) shares
Partners' Capital and Partnership Distributions
Number of types of partnership interests outstanding \| Item						2
Partners' Capital
Common units issued (in units)			73,043,356		73,030,936	73,043,356	73,043,356
Common units outstanding (in units)			73,043,356		73,030,936	73,043,356	73,043,356
Maximum period after the end of each quarter of cash distribution to common unitholders						45 days
Distributions \| $			$ 38.2			$ 81.1
Cash distribution paid (in dollars per share) \| $ / shares				$ 0.523	$ 0.588
CRLLC
Partners' Capital
Common units outstanding (in units)			50,920,000			50,920,000	50,920,000
Percentage of common units owned by CRLLC		0.10%				70.00%
Distributions \| $	$ 54.0		$ 26.6			$ 56.6	$ 276.7

Net Income Per Common Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

Net Income Per Common Unit

Net income

$ 35,088

$ 38,211

$ 65,332

$ 54,945

Net income

$ 30,849

Net income per common unit, basic (in dollars per unit)

$ 0.48

^[1]

$ 0.42

^[2]

$ 0.89

^[3]

$ 0.42

^[4]

Net income per common unit, basic (in dollars per unit)

$ 0.48

^[5]

$ 0.42

^[6]

$ 0.89

^[7]

$ 0.42

^[8]

Weighted-average common units outstanding, basic (in units)

73,035

73,001

73,033

73,001

Weighted-average common units outstanding, diluted (in units)

73,194

73,044

73,195

73,044

[1]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[2]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[3]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[4]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[5]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[6]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[7]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.
[8]	The Partnership operated under a different capital structure prior to the closing of its Initial Public Offering on April 13, 2011. As a result, the per unit data for the three and six months ended June 30, 2011 is calculated since the closing of the offering on April 13, 2011. See Note 8 to the condensed consolidated financial statements.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 20

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 7
-Paragraph 18

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 260
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-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 260
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Cost Classifications (Details) - USD ($)	3 Months Ended		6 Months Ended
Cost Classifications (Details) - USD ($)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Cost Classifications
Depreciation and amortization not included in cost of product sold	$ 25,000		$ 50,000
Depreciation and amortization not included in direct operating expenses	$ 5,100,000	$ 4,600,000	$ 10,500,000	$ 9,300,000

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Accrued Expenses and Other Current Liabilities
Property taxes	$ 7,137	$ 7,025
Capital asset and dismantling obligation		4,187
Other current liabilities (interest rate swap)	927	905
Accrued interest	524	885
Other accrued expenses and liabilities	1,165	1,820
Accrued expenses and other current liabilities	$ 9,753	$ 14,822

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable for real and property taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Aggregate carrying amount, as of the balance sheet date, of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed in the balance sheet. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

Nitrogen Fertilizer Incident (Details) $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended			21 Months Ended
Nitrogen Fertilizer Incident (Details) $ in Millions	Jun. 30, 2011 USD ($)	Jun. 30, 2012 USD ($) D	Jun. 30, 2011 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Jun. 30, 2012 USD ($)
Nitrogen Fertilizer Incident
Number of days of business interruption not covered under the insurance policies \| D		45
Nitrogen fertilizer incident
Nitrogen Fertilizer Incident
Repairs and other associated costs							$ 11.5
Repairs and other associated costs recognized	$ 0.2	$ 0.1	$ 0.6
Repairs and other associated costs capitalized				$ 0.1	$ 0.1	$ 4.5
Insurance proceeds for UAN reactor rupture							$ 7.0
Business interruption insurance proceeds			$ 2.9		$ 3.4

Credit Facility (Details) $ in Millions	1 Months Ended	6 Months Ended
Credit Facility (Details) $ in Millions	Apr. 30, 2011 USD ($)	Jun. 30, 2012 USD ($) quarter	Apr. 13, 2011 USD ($)
Credit Facility
Number of trailing quarters used in calculating the leverage ratio \| quarter		4
CRLLC
Credit Facility
Amount of special distribution made by the Partnership to CRLLC upon closing of credit facility		$ 87.2
CRNF
Credit Facility
Lender and other third party costs incurred		$ 4.8
CRNF \| Eurodollar
Credit Facility
Variable rate basis		Eurodollar rate
Basis spread on variable rate (as a percent)		3.50%
CRNF \| Eurodollar \| Minimum
Credit Facility
Basis spread on variable rate (as a percent)			3.50%
CRNF \| Eurodollar \| Maximum
Credit Facility
Basis spread on variable rate (as a percent)			4.25%
CRNF \| Prime
Credit Facility
Variable rate basis		prime rate
Basis spread on variable rate (as a percent)		2.50%
CRNF \| Prime \| Minimum
Credit Facility
Basis spread on variable rate (as a percent)			2.50%
CRNF \| Prime \| Maximum
Credit Facility
Basis spread on variable rate (as a percent)			3.25%
Term loan facility \| CRNF
Credit Facility
Borrowing capacity			$ 125.0
Revolving credit facility \| CRNF
Credit Facility
Borrowing capacity			$ 25.0
Uncommitted incremental facility	$ 50.0

Interest Rate Swap (Details) - CRNF $ in Millions	3 Months Ended	6 Months Ended
Interest Rate Swap (Details) - CRNF $ in Millions	Jun. 30, 2012 USD ($)	Jun. 30, 2012 USD ($)	Jul. 01, 2011 Item	Jun. 30, 2011 Item	Apr. 13, 2011 USD ($)
Term loan facility
Interest rate swap
Borrowing capacity on credit facility					$ 125.0
Designated as hedges \| Interest rate swap agreements entered into on June 30, 2011
Interest rate swap
Floating rate basis		Three month LIBOR
Fixed rate (as a percent)	1.94%	1.94%
Settlement period	90 days
Designated as hedges \| Interest rate swap agreements entered into on July 1, 2011
Interest rate swap
Floating rate basis		Three month LIBOR
Fixed rate (as a percent)	1.975%	1.975%
Settlement period	90 days
Designated as hedges \| Interest rate swap agreements
Interest rate swap
Number of agreements \| Item			2	2
Borrowing capacity on credit facility	$ 125.0	$ 125.0
Aggregate notional amount	$ 62.5	$ 62.5
Average fixed rate of interest (as a percent)	1.96%	1.96%
Effective rate (as a percent)	4.60%	4.60%
Realized loss on interest rate swap re-classed from AOCI into interest expense	$ 0.2	$ 0.5

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Operating Leases
Six months ending December 31, 2012	$ 2,909		$ 2,909
Year ending December 31, 2013	6,037		6,037
Year ending December 31, 2014	4,678		4,678
Year ending December 31, 2015	4,200		4,200
Year ending December 31, 2016	3,812		3,812
Thereafter	8,206		8,206
Operating leases	29,842		29,842
Unconditional Purchase Obligations
Six months ending December 31, 2012	10,754		10,754
Year ending December 31, 2013	28,844		28,844
Year ending December 31, 2014	23,192		23,192
Year ending December 31, 2015	22,745		22,745
Year ending December 31, 2016	23,279		23,279
Thereafter	205,876		205,876
Unconditional purchase obligations	314,690		314,690
Unrecorded purchase agreements
Lease expenses	$ 1,100	$ 1,000	$ 2,100	$ 2,000
Purchase obligation for pet coke \| CVR Energy, Inc
Unrecorded purchase agreements
Period for calculation of the average pet coke price paid to CVR Energy			2 years

Commitments and Contingencies (Details 2) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Commitments and Contingencies (Details 2) - USD ($)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Litigation \| CRNF
Commitments and Contingencies
Property tax abatement period			10 years
Increase in property tax expenses					$ 11,400,000	$ 11,700,000	$ 10,700,000	$ 10,700,000
EHS
Commitments and Contingencies
Expenses related to environmental, health and safety (EHS) matters	$ 33,000	$ 27,000	$ 200,000	$ 200,000

Related Party Transactions (Details) shares in Millions	1 Months Ended		2 Months Ended	3 Months Ended		6 Months Ended		15 Months Ended
Related Party Transactions (Details) shares in Millions	Apr. 30, 2012 shares	Apr. 30, 2011 USD ($) Y	Jun. 30, 2012 USD ($) Y D Item	Jun. 30, 2012 USD ($)	Jun. 30, 2011 USD ($)	Jun. 30, 2012 USD ($) Y D Item	Jun. 30, 2011 USD ($)	Jun. 30, 2012 USD ($)	Dec. 31, 2011 USD ($)
Related party transactions
Revenue from related party				$ 81,431,000	$ 80,673,000	$ 159,707,000	$ 138,050,000
Cost of product sold (exclusive of depreciation and amortization)				10,725,000	9,746,000	23,323,000	17,237,000
Receivables			$ 551,000	551,000		551,000		$ 551,000	$ 572,000
Asset included in other non-current assets			1,405,000	1,405,000		1,405,000		1,405,000	1,495,000
Liability included in other current liabilities			2,634,000	2,634,000		2,634,000		2,634,000	2,064,000
Expense incurred related to the use of the office and laboratory space				1,100,000	1,000,000	2,100,000	2,000,000
Selling, general and administrative expenses (exclusive of depreciation and amortization)				6,977,000	4,667,000	12,954,000	12,996,000
Direct operating expenses (exclusive of depreciation and amortization)				22,524,000	22,266,000	45,361,000	45,290,000
Payables included in personnel accruals			862,000	862,000		862,000		862,000	812,000
Distributions				38,200,000		81,100,000
Registration Rights Agreement
Related party transactions
Expenses related to Registration Rights Agreement				100,000		$ 700,000
Feedstock and Shared Services Agreement
Related party transactions
Initial term of agreement (in years) \| Y		20
Renewal period of agreement (in years) \| Y						5
Feedstock and Shared Services Agreement \| Maximum
Related party transactions
Notice period for termination of agreement \| Y						3
Feedstock and Shared Services Agreement \| Hydrogen
Related party transactions
Cost of product sold (exclusive of depreciation and amortization)				100,000		$ 100,000	700,000
Receivables									100,000
Feedstock and Shared Services Agreement \| High-pressure steam
Related party transactions
Net reimbursed or (paid) direct operating expenses				(9,000)	(35,000)	(44,000)	(211,000)
Feedstock and Shared Services Agreement \| Nitrogen
Related party transactions
Net reimbursed or (paid) direct operating expenses				400,000	300,000	900,000	700,000
Feedstock and Shared Services Agreement \| Tail gas
Related party transactions
Receivables			200,000	200,000		200,000		200,000
Asset included in other non-current assets			1,400,000	1,400,000		1,400,000		1,400,000
Liability included in other current liabilities			500,000	500,000		500,000		500,000
Liability included in other non-current liabilities			600,000	600,000		600,000		600,000
Feedstock and Shared Services Agreement \| Products and services, excluding hydrogen
Related party transactions
Receivables			100,000	100,000		100,000		100,000	300,000
Liability included in other current liabilities			200,000	200,000		200,000		200,000	300,000
Coke Supply Agreement \| Petroleum coke
Related party transactions
Cost of product sold (exclusive of depreciation and amortization)				2,300,000	2,900,000	5,200,000	3,600,000
Liability included in other current liabilities			800,000	800,000		$ 800,000		800,000	1,000,000
Initial term of agreement (in years) \| Y						20
Renewal period of agreement (in years) \| Y						5
Coke Supply Agreement \| Petroleum coke \| Maximum
Related party transactions
Notice period for termination of agreement \| Y						3
Railcar Lease Agreement
Related party transactions
Cost of product sold (exclusive of depreciation and amortization)				300,000		$ 500,000
Lease Agreement
Related party transactions
Expense incurred related to the use of the office and laboratory space				26,000	27,000	$ 52,000	51,000
Environmental Agreement \| Minimum
Related party transactions
Initial term of agreement (in years) \| Y						20
Services Agreement
Related party transactions
Liability included in other current liabilities			1,600,000	1,600,000		$ 1,600,000		1,600,000	700,000
Expenses from transaction with related party				2,500,000	2,700,000	5,000,000	5,300,000
Selling, general and administrative expenses (exclusive of depreciation and amortization)				1,800,000	2,200,000	3,500,000	4,400,000
Direct operating expenses (exclusive of depreciation and amortization)				700,000	400,000	1,500,000	1,000,000
Personnel costs				800,000	1,400,000	$ 1,600,000	2,700,000
GP Services Agreement
Related party transactions
Notice period for exclusion of service from agreement (in days) \| D						180
Number of affiliates of the general partner which may be delegated the performance of the general partner's services under the agreement \| Item						1
GP Services Agreement \| Minimum
Related party transactions
Notice period for termination of agreement \| D						180
GP Services Agreement \| Maximum
Related party transactions
Notice period for termination of agreement \| Y						1
Limited Partnership Agreement
Related party transactions
Personnel costs				1,000,000	100,000	$ 1,900,000	100,000
Payables included in personnel accruals			$ 900,000	900,000		900,000		900,000	$ 800,000
CRLLC
Related party transactions
Maximum number of units planned to be offered from CRLLC's capital account in a public offering which was subsequently withdrawn (in shares) \| shares	11.5
Distributions		$ 54,000,000		26,600,000		56,600,000		$ 276,700,000
CRLLC \| Registration Rights Agreement
Related party transactions
Maximum number of units planned to be offered from CRLLC's capital account in a public offering which was subsequently withdrawn (in shares) \| shares	11.5
CRRM \| CRNF \| Feedstock and Shared Services Agreement
Related party transactions
Net reimbursed or (paid) direct operating expenses					100,000	100,000	100,000
CRRM \| CRNF \| Feedstock and Shared Services Agreement \| Hydrogen
Related party transactions
Revenue from related party					6,100,000	5,700,000	6,100,000
CRRM \| CRNF \| Feedstock and Shared Services Agreement \| Tail gas
Related party transactions
Revenue from related party				$ 8,000	$ 39,000	$ 34,000	$ 39,000
Period for payment of cost of installation of pipe (in years) \| Y		3
Percentage of payment agreed to be paid for cost of capital in fourth year		15.00%
CRRM \| CRNF \| Coke Supply Agreement \| Petroleum coke
Related party transactions
Percentage of annual production of pet coke to be delivered						100.00%
Annual production of pet coke \| Item						500,000
Period for which average percentage of pet coke is obtained from CRRM's adjacent crude oil refinery (in years) \| Y						5
Pet coke price used to calculate the UAN-based price under the related party agreement (in dollars per ton) \| Item						25
UAN-based netback price, exclusive of transportation cost, under the related party agreement (in dollars per ton) \| Item						205
Pet coke price adjustment for every $1.00 change in the UAN netback price, exclusive of transportation cost, used to calculate the UAN-based price under the related party agreement (in dollars per ton) \| Item						0.50
UAN-based netback price change, exclusive of transportation cost, under the related party agreement (in dollars per ton) \| Item						1.00
CRRM \| CRNF \| Coke Supply Agreement \| Petroleum coke \| Minimum
Related party transactions
Monthly production volume of product which allows for the purchasing party the option to purchase any excess at rates stated in the agreement \| Item						41,667
Average percentage of pet coke obtained during the last five years from CRRM's adjacent crude oil refinery						70.00%
Pet coke price used to calculate the UAN-based price under the related party agreement (in dollars per ton) \| Item						5
CRRM \| CRNF \| Coke Supply Agreement \| Petroleum coke \| Maximum
Related party transactions
Pet coke price used to calculate the UAN-based price under the related party agreement (in dollars per ton) \| Item						40
CRRM \| CRNF \| Lease Agreement
Related party transactions
Notice period for termination of agreement \| D						180
Additional renewal period of agreement (in years) \| Y						1
CRRM \| CRNF \| Lease Agreement \| Minimum
Related party transactions
Notice period for renewal of agreement \| D						60
CRRM \| CRNF \| Lease Agreement \| Maximum
Related party transactions
Number of times the agreement can be renewed \| Item						5
CVR GP, LLC \| CVR Energy, Inc \| Services Agreement
Related party transactions
Notice period for exclusion of service from agreement (in days) \| D						180
CVR GP, LLC \| CVR Energy, Inc \| Services Agreement \| Minimum
Related party transactions
Notice period for termination of agreement \| D						180
CVR GP, LLC \| CVR Energy, Inc \| Services Agreement \| Maximum
Related party transactions
Notice period for termination of agreement \| Y						1
Coffeyville Resources Terminal, LLC \| CRNF \| Terminal Operating and Lease Agreement
Related party transactions
Initial term of agreement (in years) \| Y			20
Notice period for termination of agreement \| D			180
Number of times the agreement can be renewed \| Item			5
Annual rent to be paid			$ 1
Fees to be paid for UAN placed into the terminal (in dollars per ton)			4
Fees to be paid for UAN placed out of the terminal (in dollars per ton)			$ 4
Coffeyville Resources Terminal, LLC \| CRNF \| Terminal Operating and Lease Agreement \| Maximum
Related party transactions
Notice period for termination of agreement during any renewal term (in days) \| D			180
American Railcar Leasing, LLC \| Railcar Lease Agreement
Related party transactions
Number of railcars \| Item						200

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2012	Dec. 31, 2011
Fair value of financial instruments
Accumulated other comprehensive loss (interest rate swap)	$ (2,884)	$ (2,388)
Recurring \| Level 1
Fair value of financial instruments
Cash equivalents (money market account)	160,121	160,030
Total Assets	160,121	160,030
Recurring \| Level 2
Fair value of financial instruments
Other current liabilities (interest rate swap)	927	905
Other long-term liabilities (interest rate swap)	1,957	1,483
Total Liabilities	2,884	2,388
Accumulated other comprehensive loss (interest rate swap)	2,884	2,388
Recurring \| Total
Fair value of financial instruments
Cash equivalents (money market account)	160,121	160,030
Total Assets	160,121	160,030
Other current liabilities (interest rate swap)	927	905
Other long-term liabilities (interest rate swap)	1,957	1,483
Total Liabilities	2,884	2,388
Accumulated other comprehensive loss (interest rate swap)	$ 2,884	$ 2,388

Subsequent Events (Details)	1 Months Ended
Subsequent Events (Details)	Jul. 31, 2012 $ / shares
Dividend declared
Subsequent events
Cash distribution declared (in dollars per share)	$ 0.60