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.

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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.

SUGAR LAND, Texas, Nov. 01, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced net income of $84 million, or 83 cents per diluted share, on net sales of $1.9 billion for the third quarter of 2021, compared to a net loss of $96 million, or 96 cents per diluted share, on net sales of $1.0 billion for the third quarter of 2020. Third quarter 2021 EBITDA was $243 million, compared to a third quarter 2020 EBITDA loss of $39 million.

CVR Energy Reports Third Quarter 2021 Results

CVR Energy (NYSE:CVI) is set to give its latest quarterly earnings report on Monday, 2021-11-01. Here's what investors need to know before the announcement.

CVR Energy's Earnings Outlook

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.

Will CVR Energy (CVI) Report Negative Earnings Next Week? What You Should Know

SUGAR LAND, Texas, Oct. 19, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its third quarter 2021 earnings results on Monday, November 1, after the close of trading on the New York Stock Exchange. The Company will host a teleconference call on Tuesday, November 2, at 1 p.m. Eastern to discuss these results.

CVR Energy To Release Third Quarter 2021 Earnings Results

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CVR (CVI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Looking for a Fast-paced Momentum Stock at a Bargain? Consider CVR (CVI)

SUGAR LAND, Texas, Oct. 12, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced that Dane Neumann has been named Executive Vice President and Chief Financial Officer of the Company. Neumann also will serve as Executive Vice President and Chief Financial Officer of the general partner of CVR Energy's nitrogen fertilizer affiliate, CVR Partners, LP (the “Partnership”) (NYSE: UAN). Neumann's appointments were effective October 6, 2021. In this position, Neumann will lead all aspects of the finance and accounting functions for CVR Energy and its subsidiaries.

CVR Energy Names Dane Neumann Executive Vice President & Chief Financial Officer

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Following CVR Energy paying their massive special dividend, it was hoped that they would reinstate regular quarterly dividends, but alas this has not eventuated.

CVR Energy: Waiting On The EPA For More Dividends

CVR Energy, Inc. (CVI) CEO Dave Lamp on Q2 2021 Results - Earnings Call Transcript

CVR (CVI) delivered earnings and revenue surprises of 57.33% and 56.11%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

CVR Energy (CVI) Reports Q2 Loss, Tops Revenue Estimates

Shares of CVR Energy (NYSE:CVI) increased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 27.27% over the past year to ($0.32), which beat the estimate of ($0.33).

Recap: CVR Energy Q2 Earnings

SUGAR LAND, Texas, Aug. 02, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced a net loss of $6 million, or 6 cents per diluted share, on net sales of $1.8 billion for the second quarter of 2021, compared to net loss of $5 million, or 5 cents per diluted share, inclusive of a $41 million pre-tax charge related to a goodwill impairment recognized within its Nitrogen Fertilizer Segment, on net sales of $675 million for the second quarter of 2020. Second quarter 2021 EBITDA was $102 million, compared to second quarter 2020 EBITDA of $68 million.

CVR Energy Reports Second Quarter 2021 Results

SUGAR LAND, Texas, July 22, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) has changed the time of its second quarter 2021 earnings conference call to 3 p.m. Eastern on Tuesday, August 3. During the call, the Company will discuss its second quarter 2021 earnings results, which will be released on Monday, August 2, after the close of trading on the New York Stock Exchange.

CVR Energy Announces New Time for Second Quarter 2021 Earnings Conference Call

A corporate action created a complicated price move in the stock.

Why CVR Energy Stock Dropped 20% at the Open Today

SUGAR LAND, Texas, June 10, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced that it has determined the amount of cash per share of its common stock to which each of its stockholders is entitled in connection with the previously announced special dividend of $492 million, to be paid in a combination of cash (the “Cash Distribution”) and the common stock of Delek US Holdings, Inc. (“Delek”) held by the Company (the “Stock Distribution”). The Company will distribute an aggregate amount of approximately $242 million, or $2.40 per share of the Company's common stock, pursuant to the Cash Distribution and 10,539,880 shares of Delek common stock, which represented approximately 14.3% of the outstanding shares of Delek common stock, pursuant to the Stock Distribution.

CVR Energy Finalizes Special Dividend, Determines Cash Distribution Payable to CVR Energy Stockholders

SUGAR LAND, Texas, May 27, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced the final ratio for the Stock Distribution (defined below) portion of its previously announced special dividend of $492 million, which is payable in a combination of cash and the common stock of Delek US Holdings, Inc. (“Delek”) held by the Company (the “Stock Distribution”). The special dividend will be paid on June 10, 2021 (the “Distribution Date”). In the Stock Distribution, the Company will distribute 0.1048 of a share of Delek common stock for each share of the Company's common stock outstanding as of the close of business on May 26, 2021 (the “Record Date”). The final Stock Distribution ratio was calculated by dividing the 10,539,880 shares of Delek common stock to be distributed by 100,530,599 shares of CVR Energy common stock outstanding as of the close of business on the Record Date. No fractional shares of Delek common stock will be distributed. Instead, stockholders will receive cash in lieu of any fractional share of Delek common stock that they otherwise would have received. The Company intends to announce the amount of cash per share of its common stock to which each of its stockholders will be entitled on the Distribution Date.

CVR Energy Determines Stock Ratio for Distribution of Delek US Holdings Common Stock to CVR Energy Stockholders in Connection With Special Dividend

CVR (CVI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Strength Seen in CVR (CVI): Can Its 8.5% Jump Turn into More Strength?

Approximately one year after CVR Energy completely suspended their dividends, they have come roaring back with a massive special dividend that is worth over 20% of their current share price. One caveat to note is that it comprises a portion of cash and shares in Delek US Holdings.

CVR Energy: Dividends Roar Back With Massive Special Dividend, A Consistent 10% Yield May Follow

SUGAR LAND, Texas, May 11, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced that its Board of Directors (the “Board”) has determined that the Company will focus on renewable fuels and is no longer interested in acquiring another crude oil refinery. In connection therewith, the Board approved expenditures of up to $10 million to progress its renewable diesel initiatives, including:

CVR Energy Announces Special Dividend and Advancement of Renewable Diesel Initiatives

CVR Energy, Inc. (CVI) CEO David Lamp on Q1 2021 Results - Earnings Call Transcript

CVR (CVI) delivered earnings and revenue surprises of -8.13% and 45.99%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

CVR Energy (CVI) Reports Q1 Loss, Tops Revenue Estimates

SUGAR LAND, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) today announced a net loss of $39 million, or 39 cents per diluted share, on net sales of $1.5 billion for the first quarter of 2021, compared to net loss of $87 million, or 87 cents per diluted share, on net sales of $1.1 billion for the first quarter of 2020. First quarter 2021 EBITDA was less than $1 million, compared to a first quarter 2020 EBITDA loss of $38 million.

CVR Energy Reports First Quarter 2021 Results

SUGAR LAND, Texas, April 20, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2021 earnings results on Monday, May 3, after the close of trading on the New York Stock Exchange. The Company will host a teleconference call on Tuesday, May 4, at 1 p.m. Eastern to discuss these results.

CVR Energy to Release First Quarter 2021 Earnings Results

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