CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN). It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. CVR Energy, Inc. was founded in 1906 and is headquartered in Sugar Land, Texas. CVR Energy, Inc. is a subsidiary of Icahn Enterprises L.P.
IPO Year: 2007
Exchange: NYSE
Website: cvrenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/9/2024 | Hold → Sell | Tudor, Pickering, Holt & Co. | |
| 7/17/2024 | $27.00 | Neutral | Mizuho |
| 1/16/2024 | Sector Perform → Sector Underperform | Scotiabank | |
| 3/9/2023 | $36.00 | Neutral | UBS |
| 9/15/2022 | Outperform → Peer Perform | Wolfe Research | |
| 1/13/2022 | $12.00 → $20.00 | Sector Underperform → Sector Perform | Scotiabank |
| 1/7/2022 | $25.00 | Peer Perform → Outperform | Wolfe Research |
| 12/9/2021 | $20.00 → $21.00 | Underperform → Neutral | Credit Suisse |
| 12/9/2021 | $20.00 → $19.00 | Neutral → Underweight | JP Morgan |
| 12/7/2021 | Underperform → Neutral | Credit Suisse |
First quarter net loss attributable to CVR Energy stockholders of $123 million; EBITDA loss of $61 million; adjusted EBITDA of $24 millionFirst quarter loss per diluted share of $1.22 and adjusted loss per diluted share of 58 centsCVR Energy will not pay a cash dividend for the first quarter of 2025CVR Partners announced a cash distribution of $2.26 per common unit SUGAR LAND, Texas, April 28, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI, "CVR Energy" or the "Company")) today announced first quarter 2025 net loss attributable to CVR Energy stockholders of $123 million, or $1.22 per diluted share, compared to first quarter 2024 net income attributable to CVR Energy stockholders of $
SUGAR LAND, Texas, April 15, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its first quarter 2025 earnings results on Monday, April 28, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, April 29, at 1 p.m. Eastern to discuss these results. This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy's website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media
Reported full-year 2024 net income attributable to CVR Energy stockholders of $7 million and EBITDA of $394 million.Paid cumulative cash dividends attributable to 2024 of $1.00 per share.Enhanced liquidity by $408 million in the fourth quarter of 2024 through a Term Loan and the sale of our 50 percent interest in Midway Pipeline. SUGAR LAND, Tx, Feb. 18, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced fourth quarter 2024 net income attributable to CVR Energy stockholders of $28 million, or 28 cents per diluted share, compared to fourth quarter 2023 net income attributable to CVR Energy stockholders of $91 million, or 91 cents per dilute
SUGAR LAND, Texas, Feb. 04, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its fourth quarter and full-year 2024 earnings results on Tuesday, Feb. 18, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, Feb. 19, at 1 p.m. Eastern to discuss these results. This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy's website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https
SUGAR LAND, Texas, Jan. 24, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI, "CVR Energy" or the "Company")) today announced that it has commenced its planned turnaround at the Coffeyville, Kansas, refinery operated by one of its subsidiaries following damage sustained to its Naphtha Hydrotreater on January 21, 2025, during freezing weather conditions. The Company intends to provide further updates regarding this turnaround during its next earnings conference call. Forward-Looking StatementsThis news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amen
SUGAR LAND, Texas, Dec. 12, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI, "CVR Energy" or the "Company")) today announced that certain of its wholly owned subsidiaries have priced a proposed $325 million aggregate principal amount senior secured term loan B due 2027 (the "Facility"). The loans under the Facility will be issued at a price equal to 99% of their face value and bear interest at SOFR plus 4.0%, with closing expected before the end of the year. The proceeds of the loans under the Facility are expected to be used primarily for capital expenditures, including the planned 2025 turnaround at the Coffeyville refinery. The Company is also in negotiations for the potential sale
Third quarter net loss attributable to CVR Energy stockholders of $124 million; EBITDA loss of $35 million; adjusted EBITDA of $63 millionThird quarter loss per diluted share of $1.24 and adjusted loss per diluted share of 50 centsCVR Energy will not pay a cash dividend for the third quarter of 2024CVR Partners announced a cash distribution of $1.19 per common unit SUGAR LAND, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI, "CVR Energy" or the "Company"))) today announced a net loss attributable to CVR Energy stockholders of $124 million, or $1.24 per diluted share, and an EBITDA loss of $35 million for the third quarter of 2024, compared to net income attributable to
SUGAR LAND, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its third quarter 2024 earnings results on Monday, Oct. 28, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, Oct. 29, at 1 p.m. Eastern to discuss these results. This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy's website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media-se
Second quarter net income attributable to CVR Energy stockholders of $21 million; EBITDA of $103 million; adjusted EBITDA of $87 millionSecond quarter earnings per diluted share of 21 cents and adjusted earnings per diluted share of 9 centsAnnounced cash dividend of 50 cents per shareCVR Partners announced a cash distribution of $1.90 per common unit SUGAR LAND, Texas, July 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI, "CVR Energy" or the "Company"))) today announced net income attributable to CVR Energy stockholders of $21 million, or 21 cents per diluted share, and EBITDA of $103 million for the second quarter of 2024, compared to net income attributable to CVR Energy stockho
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. This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy's website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media-ser
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SCHEDULE 13D/A - CVR ENERGY INC (0001376139) (Subject)
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SCHEDULE 13D/A - CVR ENERGY INC (0001376139) (Subject)
10-K - CVR ENERGY INC (0001376139) (Filer)
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First quarter net loss attributable to CVR Energy stockholders of $123 million; EBITDA loss of $61 million; adjusted EBITDA of $24 millionFirst quarter loss per diluted share of $1.22 and adjusted loss per diluted share of 58 centsCVR Energy will not pay a cash dividend for the first quarter of 2025CVR Partners announced a cash distribution of $2.26 per common unit SUGAR LAND, Texas, April 28, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI, "CVR Energy" or the "Company")) today announced first quarter 2025 net loss attributable to CVR Energy stockholders of $123 million, or $1.22 per diluted share, compared to first quarter 2024 net income attributable to CVR Energy stockholders of $
SUGAR LAND, Texas, April 15, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its first quarter 2025 earnings results on Monday, April 28, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, April 29, at 1 p.m. Eastern to discuss these results. This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy's website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media
Directors Join Board after Agreement with Icahn Enterprises Caesars Entertainment, Inc. (NASDAQ:CZR) ("Caesars") today announced the addition of two new independent directors to its Board of Directors. Jesse Lynn, General Counsel of Icahn Enterprises, and Ted Papapostolou, Chief Financial Officer of Icahn Enterprises, will join the Caesars Board effective immediately, subject to customary regulatory approvals. Tom Reeg, CEO of Caesars Entertainment, said, "I would like to welcome Jesse and Ted to the Board. Jesse and Ted bring diverse and relevant experience that will assist the Board in maximizing value for all shareholders." Carl C. Icahn said, "I have great respect for Tom Reeg and th
Reported full-year 2024 net income attributable to CVR Energy stockholders of $7 million and EBITDA of $394 million.Paid cumulative cash dividends attributable to 2024 of $1.00 per share.Enhanced liquidity by $408 million in the fourth quarter of 2024 through a Term Loan and the sale of our 50 percent interest in Midway Pipeline. SUGAR LAND, Tx, Feb. 18, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced fourth quarter 2024 net income attributable to CVR Energy stockholders of $28 million, or 28 cents per diluted share, compared to fourth quarter 2023 net income attributable to CVR Energy stockholders of $91 million, or 91 cents per dilute
SUGAR LAND, Texas, Feb. 04, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its fourth quarter and full-year 2024 earnings results on Tuesday, Feb. 18, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, Feb. 19, at 1 p.m. Eastern to discuss these results. This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy's website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https
SUGAR LAND, Texas, Jan. 24, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI, "CVR Energy" or the "Company")) today announced that it has commenced its planned turnaround at the Coffeyville, Kansas, refinery operated by one of its subsidiaries following damage sustained to its Naphtha Hydrotreater on January 21, 2025, during freezing weather conditions. The Company intends to provide further updates regarding this turnaround during its next earnings conference call. Forward-Looking StatementsThis news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amen
SUNNY ISLES BEACH, Fla., Jan. 9, 2025 /PRNewswire/ -- Icahn Enterprises L.P. (NASDAQ:IEP) ("IEP") and Icahn Enterprises Holdings L.P. ("IEH") today announced the results of IEH's cash tender offer for up to 17,753,322 shares of CVR Energy, Inc.'s (NYSE:CVI) ("CVR Energy") common stock, par value $0.01 per share, at a price per share of $18.25 (the "Offer"), which expired at 5:00 p.m., New York City time, on January 8, 2025. Based on the count by Broadridge Corporate Issuer Solutions, LLC, the depositary and paying agent for the Offer (the "Depositary and Paying Agent"), a total of approximately 878,212 shares were properly tendered and not properly withdrawn in the Offer. IEH will accept fo
SUNNY ISLES BEACH, Fla., Jan. 6, 2025 /PRNewswire/ -- Icahn Enterprises L.P. (NASDAQ:IEP) ("IEP"), and Icahn Enterprises Holdings L.P. ("IEH"), today announced that the expiration time of its cash tender offer for up to 17,753,322 shares of CVR Energy, Inc.'s (NYSE:CVI) ("CVR Energy") common stock, par value $0.01 per share, at a price per share of $18.25 (the "Offer"), has been extended from one minute after 11:59 p.m., New York City time, on January 6, 2025 to 5:00 p.m., New York City time, on January 8, 2025. All other terms and conditions of the Offer remain unchanged, and IEP and IEH do not intend to further extend the Offer, increase the price of the Offer or otherwise change any of th
SUGAR LAND, Texas, Dec. 12, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI, "CVR Energy" or the "Company")) today announced that certain of its wholly owned subsidiaries have priced a proposed $325 million aggregate principal amount senior secured term loan B due 2027 (the "Facility"). The loans under the Facility will be issued at a price equal to 99% of their face value and bear interest at SOFR plus 4.0%, with closing expected before the end of the year. The proceeds of the loans under the Facility are expected to be used primarily for capital expenditures, including the planned 2025 turnaround at the Coffeyville refinery. The Company is also in negotiations for the potential sale
SUNNY ISLES BEACH, Fla., Dec. 6, 2024 /PRNewswire/ -- Icahn Enterprises L.P. (NASDAQ:IEP) ("IEP"), and Icahn Enterprises Holdings L.P. ("IEH"), today announced the commencement of a cash tender offer for up to 17,753,322 shares of CVR Energy, Inc.'s (NYSE:CVI) ("CVR Energy") common stock, par value $0.01 per share, at a price per share of $18.25, representing a premium of approximately 10.5% to the closing price of $16.52 per share on November 7, 2024, the last full trading day completed prior to the receipt and public disclosure of a letter IEP sent to the CVR Energy Board of Directors (the "Board") proposing a potential tender offer. IEH is the beneficial owner of approximately 66% of the
Tudor, Pickering, Holt & Co. downgraded CVR Energy from Hold to Sell
Mizuho initiated coverage of CVR Energy with a rating of Neutral and set a new price target of $27.00
Scotiabank downgraded CVR Energy from Sector Perform to Sector Underperform
UBS initiated coverage of CVR Energy with a rating of Neutral and set a new price target of $36.00
Wolfe Research downgraded CVR Energy from Outperform to Peer Perform
Scotiabank upgraded CVR Energy from Sector Underperform to Sector Perform and set a new price target of $20.00 from $12.00 previously
Wolfe Research upgraded CVR Energy from Peer Perform to Outperform and set a new price target of $25.00
Credit Suisse upgraded CVR Energy from Underperform to Neutral and set a new price target of $21.00 from $20.00 previously
JP Morgan downgraded CVR Energy from Neutral to Underweight and set a new price target of $19.00 from $20.00 previously
Credit Suisse upgraded CVR Energy from Underperform to Neutral