CVR Energy Inc
NYSE:CVI

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CVR Energy Inc Logo
CVR Energy Inc
NYSE:CVI
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Price: 22.97 USD 0.17% Market Closed
Market Cap: 2.3B USD

CVR Energy Inc
Investor Relations

CVR Energy Inc. spins its narrative in the heartland of America, prominently nestled in Sugar Land, Texas. With roots deeply embedded in the petroleum sector, this diversified holding company orchestrates its business through two primary segments: petroleum refining and nitrogen fertilizer manufacturing. The company's story unfolds within the bustling corridors of its oil refineries, where crude oil is transformed into a spectrum of refined products—gasoline, diesel fuel, and other petrochemicals. From its flagship refinery in Coffeyville, Kansas, CVR Energy harnesses complexity and efficiency to navigate fluctuating oil prices and regulatory landscapes, a testament to its agile business model. The ethos of operational excellence and strategic supply chain management, involving logistics of crude oil acquisition and product distribution, fuels this seasoned player’s profitability engine.

Complementing its refinery prowess, CVR Energy has ventured into the realms of agriculture, addressing a different kind of demand—food production. Through its subsidiary, CVR Partners, the company engineers nitrogen-based fertilizers, essential for crop nutrition. This segment offers potential buffers against the cyclicality of oil, as demand for agricultural inputs tends to be more steady and resilient. The symbiotic relationship between these operations reflects a strategic sweep through the energy and agricultural markets, each reinforcing the other in times of economic shifts. At its core, CVR Energy’s dual-focus operation generates robust streams of revenue, bound together by a shared commitment to industrial efficiency and geographic optimization, unifying the dynamics of raw material processing and product output under one corporate umbrella.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Strong Earnings: CVR Energy reported Q3 net income of $401 million and EPS of $3.72, driven by a large RFS obligation reduction and improved market conditions.

RFS Relief: The company benefited from $488 million in refinery exemptions, reducing its RFS balance sheet obligation by over 80%.

Refining Operations: Refineries operated at high utilization (97%) with no major turnarounds planned until 2027, and strong product demand supporting margins.

Renewable Diesel Exit: CVR will revert its Wynnewood renewable diesel unit back to hydrocarbon processing in December due to poor profitability and lack of government support.

Fertilizer Momentum: Fertilizer prices and segment earnings were strong, supported by tight supply and global trade issues.

Capital Allocation: Focus remains on paying down debt; return to dividend payments depends on maintaining strong market conditions and further debt reduction.

Positive Outlook: Management is optimistic about refining sector fundamentals due to steady demand and limited new capacity, despite some near-term challenges.

Key Financials
Net Income
$401 million
Earnings Per Share
$3.72
EBITDA
$625 million
Adjusted EBITDA
$180 million
Adjusted Earnings Per Share
$0.40
Petroleum Throughput
216,000 barrels per day
Crude Processing Utilization
97%
Light Product Yield
97%
Group III Benchmark Crack Spread
$25.97 per barrel
Average RIN Price
$6.33 per barrel
Vegetable Oil Feedstock Processed
19 million gallons
Renewables Gross Margin
Negative $0.01 per gallon
Ammonia Utilization Rate
95%
Adjusted EBITDA (Petroleum Segment)
$120 million
Adjusted EBITDA (Renewables Segment)
Loss of $7 million
Adjusted EBITDA (Fertilizer Segment)
$71 million
Cash Flow from Operations
$163 million
Free Cash Flow
$121 million
Distribution per Common Unit (Fertilizer Partnership)
$4.02
Consolidated Cash Balance
$670 million
Total Liquidity (excluding CVR Partners)
$830 million
Term Loan Principal Balance
$235 million
Consolidated Capital Spending (Q3 2025)
$40 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. David L. Lamp
President, CEO & Director
No Bio Available
Mr. Dane J. Neumann CPA
Executive VP, CFO, Treasurer & Assistant Secretary
No Bio Available
Mr. Michael H. Wright Jr.
Executive VP & COO
No Bio Available
Ms. Melissa M. Buhrig J.D.
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Mark A. Pytosh
Executive Vice President of Corporate Services
No Bio Available
Mr. Jeffrey D. Conaway
VP, Chief Accounting Officer & Corporate Controller
No Bio Available
Mr. Richard J. Roberts Jr.
Investor Relations Officer
No Bio Available
Mr. Carl D. Findley
Director of Labor Relations & Manufacturing Human Resources
No Bio Available
Mr. Mike Puddy
Senior Vice President of Refined Products & Risk Management
No Bio Available
Mr. C. Douglas Johnson
Executive VP & Chief Commercial Officer
No Bio Available

Contacts

Address
TEXAS
Sugar Land
2277 Plaza Dr Ste 500
Contacts
+12812073200.0
www.cvrenergy.com