CVR Energy

CVR Energy, Inc. is a holding company. The firm engages in the provision of petroleum refining and marketing business. It operates through the following segments: Petroleum and Nitrogen Fertilizer. The company was founded in September 1906 and is headquartered in Sugar Land, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CVR Energy posts robust Q4 earnings, explores spin-off and partnerships

CVR Energy delivered a strong financial performance in Q4 2022, driven by solid results in both the petroleum and fertilizer segments.
The company's focus on operational excellence, financial discipline, and strategic growth initiatives positions it well for future success.
While facing challenges such as potential spin-offs and partnership complexities, CVR Energy remains optimistic about its prospects and growth opportunities.

CVR Energy excels in Q1 earnings amidst industry challenges

CVR Energy's Q1 2023 earnings call showcased solid financial performance, operational strengths, and strategic responses to industry challenges. The company's proactive approach to market dynamics and focus on growth opportunities position it well for future success.

CVR Energy posts strong Q2 results, eyes renewable projects

CVR Energy's Q2 performance reflects resilience and strategic focus on renewables amidst operational challenges. The company is well-positioned with a strong cash balance and growth opportunities in renewable projects. Management's emphasis on safety, environmental responsibility, and shareholder value is evident.

CVR Energy excels in Q3 with record earnings and growth prospects

CVR Energy delivered a strong performance in Q3 2023, driven by solid financial results, operational achievements, and prudent financial management.
The company's focus on rewarding shareholders through dividends, coupled with its emphasis on cost management and production efficiency, highlights its commitment to sustainable growth.
While facing potential challenges from market dynamics, CVR Energy has opportunities to leverage its strengths, expand its renewable energy portfolio, and drive value creation.

CVR Energy excels in Q4 earnings, eyes renewable expansion opportunities

CVR Energy's Q4 2023 earnings call highlighted strong financial performance, operational excellence in both the Petroleum and Fertilizer segments, and a strategic focus on renewable expansions.
While challenges such as yield improvement and project costs exist, the company's financial strength, commitment to dividends, and pursuit of sustainable growth opportunities showcase resilience and adaptability.
Opportunities in renewable expansions and operational optimization present avenues for future growth and competitiveness, positioning CVR Energy well for continued success in the energy sector.

CVR Energy reports resilient Q1 earnings amidst challenges and growth

CVR Energy delivered strong financial performance in Q1 despite challenges, with a focus on shareholder returns and growth opportunities in refining and fertilizer segments.
The company faces uncertainties from the Wynnewood fire incident and ongoing legal battles impacting profitability, necessitating strategic planning and operational improvements.
Management's proactive approach to market challenges and potential transactions reflects a commitment to navigating uncertainties and driving long-term value for stakeholders.

CVR Energy posts solid Q2 results amidst regulatory challenges

CVR Energy delivered a solid performance in Q2 with strong financial metrics and operational achievements
While facing challenges in regulatory and market conditions, the company maintains a stable financial position
Opportunities for growth exist through increased throughput and strategic investments in key segments
Overall, CVR Energy's Q2 results reflect resilience and potential for future expansion

CVR Energy reports Q3 losses, focuses on liquidity and growth

CVR Energy faced financial losses in Q3 due to operational challenges and regulatory impacts, leading to a net loss of $122 million.
Despite challenges, the company maintains strong liquidity and is focused on optimizing its business operations and balance sheet.
Opportunities for growth lie in the fertilizer segment's performance, liquidity enhancement strategies, and proactive financial management approaches.

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CVR Energy, Inc. is a holding company. The firm engages in the petroleum refining and marketing business. It operates through the Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets high value transportation fuels. The Nitrogen Fertilizer segment markets nitrogen fertilizers primarily in the form of UAN and ammonia. The company was founded in September 1906 and is headquartered in Sugar Land, TX.

Icahn Enterprises

Icahn Enterprises , headed by billionaire activist investor Carl Icahn, said on Friday it has submitted a proposal to boost its stake in refiner CVR Energy to 81.3%.

Icahn Enterprises seeks to raise stake in refiner CVR Energy

Icahn Enterprises LP (IEP) plans to raise its stake in U.S. oil refiner CVR Energy by more than 20%, the Wall Street Journal reported on Thursday.

Icahn plans raising stake in oil refiner CVR, WSJ reports

To fund a bigger war chest, Icahn Enterprises plans to halve dividend payout.

Icahn's Firm Seeks Bigger Stake in Top Holding While Slashing its Own Dividend

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CVR Energy is downgraded to a Sell due to poor Q3 2024 results, including a $124 million net loss and suspension of the dividend. The energy sector's volatility and geopolitical instability have negatively impacted CVI, with refining margins and throughput significantly lower than expected. CVI's failed $8B bid for Citgo and unplanned outages at its refineries highlight the need for diversification and liquidity preservation.

CVR Energy Sinks After Poor Q3 Results, Suspends Dividend And Should Be Avoided

CVR Energy, Inc. Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Richard Roberts - Financial Planning & Analysis & Investor Relations Dave Lamp - Chief Executive Officer Dane Neumann - Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs Matthew Blair - Tudor, Pickering John Royall - JPMorgan Manav Gupta - UBS Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy Third Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.

CVR Energy, Inc. (CVI) Q3 2024 Earnings Call Transcript

CVR Energy, Inc.'s refining margins plummeted, causing a 96% drop in free cash flow and a 90% decline in adjusted EBITDA. The dividend suspension could be seen a mile away. Icahn Enterprises L.P.'s reliance on CVI's dividends, critically impacts its cash flow, making future distributions uncertain.

CVR Energy Dividend Suspension Likely Forces Icahn Enterprises To Do The Same

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CVI, BSET and BAMXF have been added to the Zacks Rank #5 (Strong Sell) List on October 29, 2024.

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Icahn Enterprises LP's stock fell 4% early Tuesday, after CVR Energy Inc., in which it owns a 66% stake, said it would suspend its third-quarter dividend, as unplanned outages and a weak macro environment pressured earnings.

Icahn Enterprises' stock slides 4% as majority-owned CVR Energy suspends its dividend

CVR Energy (CVI) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $1.89 per share a year ago.

CVR Energy (CVI) Reports Q3 Loss, Lags Revenue Estimates

SUGAR LAND, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced a net loss attributable to CVR Energy stockholders of $124 million, or $1.24 per diluted share, and an EBITDA loss of $35 million for the third quarter of 2024, compared to net income attributable to CVR Energy stockholders of $353 million, or $3.51 per diluted share, and EBITDA of $530 million for the third quarter of 2023. Excluding the adjustments shown in the corresponding earnings release tables, adjusted loss per diluted share for the third quarter of 2024 was 50 cents and adjusted EBITDA was $63 million, compared to adjusted earnings per diluted share of $1.89 and adjusted EBITDA of $313 million in the third quarter of 2023.

CVR Energy Reports Third Quarter 2024 Results

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CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: CVR Energy (CVI) Q3 Earnings Expected to Decline

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CVR Energy, Inc. (NYSE:CVI ) Q2 2024 Earnings Conference Call July 30, 2024 1:00 PM ET Company Participants Richard Roberts - Vice President, FP&A and IR Dave Lamp - Chief Executive Officer Dane Neumann - Chief Financial Officer Conference Call Participants John Royall - JPMorgan Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Matthew Blair - Tudor, Pickering Operator Greetings. And welcome to the CVR Energy Second Quarter 2024 Conference Call.

CVR Energy, Inc. (CVI) Q2 2024 Earnings Call Transcript

The chief executive of U.S. oil refiner CVR Energy on Tuesday said the Sugar Land, Texas, company is exploring strategic transactions in refining.

Oil refiner CVR Energy continues to explore strategic transactions, CEO says

CVR Energy (CVI) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.30 per share. This compares to earnings of $1.64 per share a year ago.

CVR Energy (CVI) Tops Q2 Earnings and Revenue Estimates

SUGAR LAND, Texas, July 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced net income attributable to CVR Energy stockholders of $21 million, or 21 cents per diluted share, and EBITDA of $103 million for the second quarter of 2024, compared to net income attributable to CVR Energy stockholders of $130 million, or $1.29 per diluted share, and EBITDA of $300 million for the second quarter of 2023. Excluding the adjustments shown in the corresponding earnings release tables, adjusted earnings per diluted share for the second quarter of 2024 was 9 cents and adjusted EBITDA was $87 million, compared to adjusted earnings per diluted share of $1.64 and adjusted EBITDA of $347 million in the second quarter of 2023.

CVR Energy Reports Second Quarter 2024 Results

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Earnings Preview: CVR Energy (CVI) Q2 Earnings Expected to Decline

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