Net Income Per Common Unit

3 Months Ended

Mar. 31, 2013

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 March 31,
	2013		2012
Net income	$	35,553	$	30,244
Net income per common unit, basic	$	0.49	$	0.41
Net income per common unit, diluted	$	0.49	$	0.41
Weighted-average common units outstanding, basic		73,065		73,031
Weighted-average common units outstanding, diluted		73,233		73,196