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CVR Energy Inc. (CVI) delivers essential petroleum refining and nitrogen fertilizer solutions through integrated operations across the midcontinent. This news hub provides investors and industry stakeholders with authoritative updates on corporate developments, operational milestones, and market positioning.
Access real-time announcements including quarterly earnings disclosures, refinery capacity updates, fertilizer production metrics, and leadership changes. Our curated collection ensures transparent tracking of SEC filings, partnership announcements, and sustainability initiatives relevant to energy and agricultural sectors.
Key updates cover crude oil processing innovations, distribution network expansions, and environmental compliance achievements. Users benefit from chronological organization of press releases alongside analysis of strategic acquisitions and capital investment programs.
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CVR Energy (NYSE: CVI) reported a challenging second quarter 2025 with a net loss of $114 million, or $1.14 per diluted share, compared to net income of $21 million in Q2 2024. The company announced significant leadership changes, with Mark Pytosh set to succeed Dave Lamp as President and CEO effective January 1, 2026.
Key financial highlights include an EBITDA loss of $24 million and adjusted EBITDA of $99 million. The Petroleum Segment faced headwinds with a $137 million net loss, impacted by an $89 million unfavorable RFS obligation mark-to-market impact. The company prepaid $90 million in Term Loan principal across June and July 2025.
The Nitrogen Fertilizer Segment showed strength with net income of $39 million and announced a cash distribution of $3.89 per common unit. The company's consolidated cash position stood at $596 million with total debt of $1.9 billion as of June 30, 2025.
CVR Energy (NYSE: CVI) has scheduled its second quarter 2025 earnings release for Wednesday, July 30, 2025, after the NYSE market close. The company will host a teleconference call on Thursday, July 31, at 1 p.m. Eastern to discuss the results.
Investors and analysts can participate in the call using the dial-in number (877) 407-8291. The webcast will be available on CVR Energy's Investor Relations website and archived for 14 days, with a replay accessible via phone at (877) 660-6853 using conference ID 13754877.
CVR Energy reported challenging first quarter 2025 results, with a net loss of $123 million ($1.22 per diluted share), compared to net income of $82 million in Q1 2024. The company's EBITDA showed a loss of $61 million, with adjusted EBITDA at $24 million.
Key highlights:
- Petroleum Segment faced difficulties with net loss of $160 million due to planned and unplanned downtime at Coffeyville refinery
- Total throughput decreased to 120,000 barrels per day from 196,000 in Q1 2024
- Renewables Segment showed improvement with $6 million EBITDA compared to previous year's loss
- Nitrogen Fertilizer Segment performed well with $27 million net income and strong ammonia production
The company will not pay a Q1 2025 dividend, while its subsidiary CVR Partners announced a $2.26 per unit distribution. Cash position stands at $695 million, with total debt at $1.9 billion.
CVR Energy (NYSE: CVI) has scheduled the release of its first quarter 2025 earnings results on Monday, April 28, 2025, after the NYSE trading hours. The company will host a teleconference call the following day, Tuesday, April 29, at 1 p.m. Eastern to discuss the results.
Investors and analysts can participate in the call using the dial-in number (877) 407-8291. The webcast will be available on CVR Energy's Investor Relations website and archived for 14 days at the provided media server link. A replay of the call will be accessible for 14 days by dialing (877) 660-6853 with conference ID 13752979.
CVR Energy (NYSE: CVI) reported full-year 2024 net income of $7 million ($0.06 per diluted share) and EBITDA of $394 million, a significant decrease from 2023's net income of $769 million ($7.65 per diluted share) and EBITDA of $1.4 billion. The company paid $1.00 per share in cumulative cash dividends for 2024.
Fourth quarter 2024 results showed net income of $28 million ($0.28 per diluted share), down from $91 million in Q4 2023. The Petroleum Segment's performance declined due to reduced crack spreads and decreased throughput. The Renewables Segment reported a Q4 net loss of $3 million, while the Nitrogen Fertilizer Segment achieved net income of $18 million.
The company enhanced its liquidity by $408 million through a Term Loan and the sale of its 50% interest in Midway Pipeline. Consolidated cash position stood at $987 million with total debt of $1.9 billion as of December 31, 2024.
CVR Energy (NYSE: CVI) has announced it will release its fourth quarter and full-year 2024 earnings results on Tuesday, February 18, 2025, after the New York Stock Exchange trading hours. The company will follow up with a teleconference call on Wednesday, February 19, at 1 p.m. Eastern to discuss the results.
CVR Energy (NYSE: CVI) has initiated its planned turnaround at its Coffeyville, Kansas refinery following damage to its Naphtha Hydrotreater on January 21, 2025, which occurred during freezing weather conditions. The company plans to provide additional updates about the turnaround during its upcoming earnings conference call.
Icahn Enterprises L.P. (NASDAQ: IEP) and Icahn Enterprises Holdings L.P. have announced the completion of IEH's cash tender offer for CVR Energy (NYSE: CVI) shares. The tender offer, which expired on January 8, 2025, sought to purchase up to 17,753,322 shares at $18.25 per share.
The final results showed that approximately 878,212 shares were properly tendered and not withdrawn. IEH will accept all tendered shares for payment, representing about 0.9% of CVR Energy's outstanding common stock, for a total purchase price of approximately $16 million. The depositary agent, Broadridge Corporate Issuer Solutions, , will promptly process payments for the accepted shares.
Icahn Enterprises L.P. (IEP) and Icahn Enterprises Holdings L.P. have extended their cash tender offer for up to 17,753,322 shares of CVR Energy (CVI) common stock. The offer price remains at $18.25 per share, with the deadline extended from January 6, 2025, to 5:00 p.m., New York City time, on January 8, 2025.
As of 6:00 p.m. on January 6, 2025, approximately 960,479 shares have been tendered, including 700,244 shares tendered by guaranteed delivery. The companies stated they do not intend to further extend the offer period or modify any other terms and conditions. Neither the companies involved nor their agents are making recommendations to stockholders regarding the tender offer.
CVR Energy (NYSE: CVI) has priced a $325 million senior secured term loan B facility due 2027, bearing interest at SOFR plus 4.0%. The loan proceeds will primarily fund capital expenditures, including the planned 2025 Coffeyville refinery turnaround. The company is also negotiating the potential sale of a midstream asset for under $100 million to enhance liquidity.
The company announced its 2025 capital expenditure outlook, with total spending projected between $165-205 million, excluding turnaround expenditures of $170-190 million for the Coffeyville refinery. The outlook includes maintenance spending of $108-132 million and growth capital of $57-73 million across Petroleum, Nitrogen Fertilizer, and Other segments.
Additionally, Dave Lamp has signed a new employment agreement as President and CEO, extending from January 2025 through December 2026.
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