CVI
CVR Energy, Inc.29.85
-1.12-3.62%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.00BP/E (TTM)
18.09Basic EPS (TTM)
1.65Dividend Yield
0%Recent Filings
8-K
8-K
Q3 profit surges on EPA waivers
CVR Energy swung to a $374 million net income in Q3 2025, fueled by a $488 million gain from the EPA's August waivers slashing RFS obligations for its Wynnewood refinery, alongside 97% crude utilization and stronger crack spreads lifting petroleum EBITDA to $572 million. Yet renewables posted a $51 million loss amid weak margins, prompting a December reversion to hydrocarbon processing. Fertilizer thrived with 95% ammonia production and $4.02 per unit distribution. Q4 outlook signals steady throughput but softer renewables utilization.
8-K
CVR Energy's strategic update
CVR Energy released its September 2025 investor presentation, highlighting strategic priorities like enhancing EH&S performance with a 20% TRIR drop in 2024, preserving $759 million liquidity, and deleveraging via $90 million term loan repayments to $235 million. The firm paused renewables expansion amid BTC/PTC uncertainties but eyes SREs to slash RIN liabilities by over 300 million, potentially to 100 million pre-2025. Debt cuts sharpen focus on core refining and fertilizer ops.
8-K
EPA grants RIN waivers
CVR Energy's subsidiary Wynnewood Refining received an EPA decision on August 22, 2025, affirming small refinery hardship relief under the Renewable Fuel Standard for 2017-2018 and granting full waivers for 2019 and 2021, plus 50% for 2020 and 2022-2024. This slashes RIN obligations by over 300 million credits for 2020-2024, with potential for another 100 million from earlier periods, leaving about 100 million remaining. The company is assessing financial impacts. Relief eases compliance costs, yet hinges on EPA actions and court outcomes.
10-Q
Q2 FY2025 results
CVR Energy's Q2 FY2025 results showed revenue declining 10.5% y/y to $1.761B, driven by lower petroleum sales amid the Coffeyville turnaround, while nitrogen fertilizer revenue rose 26.3% y/y to $168M on stronger ammonia and UAN pricing. Operating loss widened to $103M from $27M income y/y, with diluted EPS falling to -$1.14 from $0.21, reflecting $133M petroleum loss versus $10M income, offset by $46M nitrogen profit up from $34M; net loss of $90M versus $38M income, with the gap to operating loss mainly from $30M interest expense. Cash dropped to $596M from $987M year-end, with operating cash flow at -$19M for H1 versus $258M y/y, free cash flow negative at -$111M after $92M capex; total debt stood at $1.849B long-term, with $324M revolver availability. No M&A noted. Regulatory risks persist from RFS compliance costs and EPA exemption denials.
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