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

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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.

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SUGAR LAND, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2024 earnings results on Monday, July 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, July 30, at 1 p.m. Eastern to discuss these results.

CVR Energy to Release Second Quarter 2024 Earnings Results

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CVR Energy shares have only gained 6% in the past year and have lost 30% in the past quarter amid concerns about crack spreads. Recent financial results were mixed, with lower crack spreads impacting earnings, but CVI remains strongly cash generative. The refining macro has deteriorated, but may be bottoming out, with the potential for a rebound in crack spreads and demand.

CVR Energy: Despite Near-Term Headwinds, Dividend Capacity Makes Shares Attractive

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SUGAR LAND, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced its outlook for certain operational statistics and financial information for its Petroleum and Renewables businesses for the second quarter of 2024. This information was not included in the announcement of the results of the first quarter of 2024, as the Company was not yet able to determine the impacts from a fire the Wynnewood Refinery experienced the day prior to the announcement. As previously announced, the fire was extinguished shortly after it started, no employees or contractors were injured, and the operations at the Coffeyville Refinery were not impacted by the fire. After further assessment of this incident, it was determined the damages were limited to pipe racks and pumps in the area of the naphtha processing units, which damage to the pipe rack impacted service to other units. Currently, one crude unit, the fluid catalytic cracker, and the alkylation unit have been restarted and a reformer is in the process of starting up. The Company does not currently expect the fire to have a material impact to its overall financial position, and management expects that operations should return to normal by the end of the second quarter of 2024.

CVR Energy Provides Update to Operational Statistics and Financial Information for its Petroleum and Renewables Businesses

CVR (CVI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

CVR (CVI) Upgraded to Strong Buy: Here's What You Should Know

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Is CVR Energy (CVI) a Great Value Stock Right Now?

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CVR Energy, Inc. (NYSE:CVI ) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Richard Roberts - VP, Financial Planning and Analysis, and IR David Lamp - CEO Dane Neumann - CFO Conference Call Participants Manav Gupta - UBS Matthew Blair - Tudor, Pickering, Holt John Royall - JPMorgan Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy First Quarter 2024 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

CVR Energy, Inc. (CVI) Q1 2024 Earnings Call Transcript

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SUGAR LAND, Texas, April 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced net income attributable to CVR Energy stockholders of $82 million, or $0.81 per diluted share, on net sales of $1.9 billion for the first quarter of 2024, compared to net income attributable to CVR Energy stockholders of $195 million, or $1.94 per diluted share, on net sales of $2.3 billion for the first quarter of 2023. Adjusted earnings for the first quarter of 2024 was 4 cents per diluted share compared to adjusted earnings of $1.44 per diluted share in the first quarter of 2023. Net income for the first quarter of 2024 was $90 million, compared to net income of $259 million in the first quarter of 2023. First quarter 2024 EBITDA was $203 million, compared to first quarter 2023 EBITDA of $401 million. Adjusted EBITDA for the first quarter of 2024 was $99 million, compared to Adjusted EBITDA of $334 million in the first quarter of 2023.

CVR Energy Reports First Quarter 2024 Results and Announces a Cash Dividend of 50 Cents

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In the latest trading session, CVR Energy (CVI) closed at $33.69, marking a +1.78% move from the previous day.

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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.

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CVR Energy (CVI) closed the most recent trading day at $32.82, moving +0.83% from the previous trading session.

CVR Energy (CVI) Advances While Market Declines: Some Information for Investors

SUGAR LAND, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2024 earnings results on Monday, April 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, April 30, at 1 p.m. Eastern to discuss these results.

CVR Energy to Release First Quarter 2024 Earnings Results

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CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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Here is how CVR Energy (CVI) and Saipem (SAPMF) have performed compared to their sector so far this year.

News for CVR Energy Stock (CVI)