CVR Energy Stock Price, News & Analysis

CVR Energy, Inc. (NYSE: CVI) will release its fourth quarter and full-year 2021 earnings results on February 22, 2022, before the NYSE opens. A teleconference will follow at 1 p.m. Eastern for discussion of the results. The call will feature forward-looking information and be accessible via webcast on the company’s website.

CVR Energy operates in the petroleum refining and marketing sector and has interests in nitrogen fertilizer manufacturing.

CVR Energy reported a net income of $84 million, or 83 cents per diluted share, with net sales of $1.9 billion for Q3 2021, rebounding from a net loss of $96 million in Q3 2020. EBITDA rose to $243 million from a loss of $39 million the previous year. The Petroleum Segment achieved an operating income of $135 million, driven by higher crack spreads and a favorable Renewable Identification Number (RIN) revaluation. The Nitrogen Fertilizer Segment also saw a significant turnaround, reporting $46 million in operating income.

CVR Energy, Inc. (NYSE: CVI) announced its third quarter 2021 earnings release date as November 1, 2021, post-market. A teleconference to discuss results will be held on November 2, 2021, at 1 p.m. Eastern. Investors can access the call via the company’s website or by dialing (877) 407-8291. The earnings release will be available on GlobeNewswire and CVR Energy’s website. The company is involved in petroleum refining and nitrogen fertilizer manufacturing.

CVR Energy, Inc. (CVI) has appointed Dane Neumann as Executive Vice President and Chief Financial Officer, effective October 6, 2021. Neumann, who previously served as Interim CFO and Vice President of Finance & Treasurer, brings extensive experience in the refining and nitrogen fertilizer sectors. He has been with the company since 2018, holding various finance roles. CEO Dave Lamp praised Neumann's qualifications and expertise, indicating his leadership will be valuable for the company's financial functions.

CVR Energy reported a net loss of $6 million, or 6 cents per diluted share, on net sales of $1.8 billion in Q2 2021, compared to a loss of $5 million on $675 million sales in Q2 2020. EBITDA rose to $102 million from $68 million year-over-year. The Petroleum Segment faced a $20 million operating loss, impacted by high RIN pricing and lower refining margins. Conversely, the Nitrogen Fertilizer Segment saw an operating income of $30 million, bolstered by a 44% increase in UAN prices. The company paid a special dividend of $492 million, including cash and Delek US stock.

CVR Energy (NYSE: CVI) has rescheduled its second quarter 2021 earnings conference call to 3 p.m. Eastern on August 3, 2021. The earnings results will be publicly released on August 2, post-market closure. Investors can join the live webcast via CVR Energy’s Investor Relations page. The archived call will be available for 14 days after the event. The company's diversified operations include petroleum refining and nitrogen fertilizer manufacturing.

CVR Energy (CVI) will release its Q2 2021 earnings on August 2, 2021, after NYSE trading hours. A teleconference to discuss the results is scheduled for August 3, 2021, at 1 p.m. ET. Investors can access the live webcast via the Investor Relations section of the company's website. The earnings news release will be distributed through GlobeNewswire and available on the company's site. CVR Energy operates in petroleum refining and fertilizer manufacturing, holding a significant interest in CVR Partners.

CVR Energy has announced a special dividend totaling $492 million, effective on June 10, 2021. This includes a Cash Distribution of approximately $242 million, translating to $2.40 per share for its common stockholders, alongside a Stock Distribution of 10,539,880 shares of Delek US Holdings, representing about 14.3% of Delek's outstanding shares. The ex-dividend date is set for June 11, 2021. Stockholders on the Record Date of May 26, 2021, will receive a pro rata distribution, while fractional shares will be compensated in cash.

CVR Energy announced a special dividend of $492 million, payable on June 10, 2021. Shareholders will receive a distribution of 0.1048 of a share of Delek US Holdings, Inc. stock for each share of CVR Energy held as of May 26, 2021. The company will provide cash for any fractional shares not issued. No action is required from shareholders to receive this dividend, and tax implications should be discussed with advisors. Further details will be available on CVR Energy's website.