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.

SUGAR LAND, Texas, March 19, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today released the following open letter to Uzi Yemen, Chairman of the Board of Delek US Holdings, Inc. (NYSE: DK):

CVR Energy Releases Open Letter to Uzi Yemin, Chairman of the Board of Delek US Holdings, lnc.

CVR Energy, Inc. (CVI) CEO Dave Lamp on Q4 2020 Results - Earnings Call Transcript

SUGAR LAND, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced a fourth quarter 2020 net loss of $67 million, or 67 cents per diluted share, on net sales of $1.1 billion, compared to net income of $44 million, or 44 cents per diluted share, on net sales of $1.6 billion for the fourth quarter of 2019. Fourth quarter 2020 EBITDA was $1 million, compared to fourth quarter 2019 EBITDA of $142 million.

CVR Energy Reports Fourth Quarter and Full-Year 2020 Results

CVR Energy (NYSE:CVI) unveils its next round of earnings this Monday, February 22. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Preview: CVR Energy's Earnings

SUGAR LAND, Texas, Feb. 09, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2020 earnings results on Monday, Feb. 22, after the close of trading on the New York Stock Exchange. The Company will host a teleconference call on Tuesday, Feb. 23, at 1 p.m. Eastern to discuss these results.

CVR Energy to Release Fourth Quarter and Full-year 2020 Earnings Results

CVR Energy (CVI) receives board clearance to carry forward its renewable diesel plant project that will allow the refinery to produce renewable diesel.

CVR Energy (CVI) to Continue Working on $110M Conversion Project

SUGAR LAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced that it has received full approval from the Company's Board of Directors for its Wynnewood renewable diesel project, which will convert the refinery's hydrocracker unit for renewable diesel service. Upon completion, which is expected in mid-2021, the Wynnewood refinery should have the capability to produce nearly 100 million gallons of renewable diesel per year and more than 6 million gallons of renewable naphtha per year, significantly reducing its annual Renewable Identification Number (“RIN”) exposure under the Clean Air Act's Renewable Fuel Standard (“RFS”).

CVR Energy Announces Full Board Approval for Wynnewood Renewable Diesel Unit Project

SUGAR LAND, Texas, Nov. 24, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced that Company management is scheduled to present at the Bank of America 2020 Leveraged Finance Virtual Conference on Tuesday, Dec. 1, at 9 a.m. Eastern. The accompanying slides and a link to the live webcast will be available on the Investor Relations section of CVR Energy's website at www.CVREnergy.com. An archive of this webcast will remain available on www.CVREnergy.com for 90 days.

CVR Energy to Participate in Bank of America 2020 Leveraged Finance Virtual Conference

CVR Energy has been beaten up pretty hard in recent months, with the market cap of the firm priced at just $1.38 billion. The cash flow picture has been rather disappointing compared to years past, but given the volatility of the industry that picture will eventually change.

CVR Energy: Time To Consider This Cyclical Play

CVR Energy, Inc. (CVI) CEO Dave Lamp on Q3 2020 Results - Earnings Call Transcript

SUGAR LAND, Texas, Nov. 02, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) today announced 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, compared to net income of $119 million, or $1.18 per diluted share, on net sales of $1.6 billion for the third quarter of 2019. Third quarter 2020 EBITDA was a loss of $39 million, compared to third quarter 2019 EBITDA of $235 million.

CVR Energy Reports Third Quarter 2020 Results

SUGAR LAND, Texas, Oct. 20, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its third quarter 2020 results on Monday, Nov. 2, after the close of trading on the New York Stock Exchange. The Company will host a teleconference call on Tuesday, Nov. 3, at 1 p.m. Eastern to discuss these results.

CVR Energy to Release Third Quarter 2020 Earnings

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SUGAR LAND, Texas, Sept.  03, 2020  (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced that Company management is scheduled to present at the Barclays CEO Energy-Power Conference to be held virtually on Thursday, Sept. 10, at 11:05 a.m. Eastern.

CVR Energy to Participate in Barclays CEO Energy-Power Conference

CVR Energy, Inc. (CVI) CEO Dave Lamp on Q2 2020 Results - Earnings Call Transcript

SUGAR LAND, Texas, Aug.  03, 2020  (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) today announced a 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, compared to net income of $116 million, or $1.16 per diluted share, on net sales of $1.7 billion for the second quarter of 2019. Second quarter 2020 EBITDA was $68 million, compared to second quarter 2019 EBITDA of $273 million.

CVR Energy Reports Second Quarter 2020 Results

CVR Energy: Growing Through Tough Times

SUGAR LAND, Texas, July  21, 2020  (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2020 results on Monday, Aug. 3, after the close of trading on the New York Stock Exchange. The Company will host a teleconference call on Tuesday, Aug. 4, at 1 p.m. Eastern to discuss these results.

CVR Energy to Release Second Quarter 2020 Earnings

CVR Energy (NYSE: CVR) shares are trading lower on Monday, after Credit Suisse maintained Underperform on the stock.

Why CVR Energy's Stock Is Trading Lower Today

CVR Energy, Inc. (CVI) CEO Dave Lamp on Q1 2020 Results - Earnings Call Transcript

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CVR Energy, Inc. (CVI) CEO David Lamp on Q4 2019 Results - Earnings Call Transcript

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