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 |
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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
SUGAR LAND, Texas, April 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced net income attributable to CVR Energy stockholders of $82 million, or $0.81 per diluted share, on net sales of $1.9 billion for the first quarter of 2024, compared to net income attributable to CVR Energy stockholders of $195 million, or $1.94 per diluted share, on net sales of $2.3 billion for the first quarter of 2023. Adjusted earnings for the first quarter of 2024 was 4 cents per diluted share compared to adjusted earnings of $1.44 per diluted share in the first quarter of 2023. Net income for the first quarter of 2024 was $90 million, compared to net income
SUGAR LAND, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its first quarter 2024 earnings results on Monday, April 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, April 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
Reported full-year 2023 net income attributable to CVR Energy stockholders of $769 million and EBITDA of $1.4 billion. Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share.CVR Partners (NYSE:UAN) declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per common unit. SUGAR LAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced fourth quarter 2023 net income attributable to CVR Energy stockholders of $91 million, or 91 cents per diluted
SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, February 21, 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
SUGAR LAND, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced net income of $353 million, or $3.51 per diluted share, on net sales of $2.5 billion for the third quarter of 2023, compared to net income of $93 million, or 92 cents per diluted share, on net sales of $2.7 billion for the third quarter of 2022. Adjusted earnings for the third quarter of 2023 was $1.89 per diluted share compared to adjusted earnings of $1.90 per diluted share in the third quarter of 2022. Third quarter 2023 EBITDA was $530 million, compared to third quarter 2022 EBITDA of $181 million. Adjusted EBITDA for the third quarter of 2023 was $313 millio
SUGAR LAND, Texas, Oct. 17, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its third quarter 2023 earnings results on Monday, October 30, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, October 31, 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.medi
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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
SUGAR LAND, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced its outlook for certain operational statistics and financial information for its Petroleum and Renewables businesses for the second quarter of 2024. This information was not included in the announcement of the results of the first quarter of 2024, as the Company was not yet able to determine the impacts from a fire the Wynnewood Refinery experienced the day prior to the announcement. As previously announced, the fire was extinguished shortly after it started, no employees or contractors were injured, and the operations at the Coffeyville Refinery were not impacted
SUGAR LAND, Texas, April 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced net income attributable to CVR Energy stockholders of $82 million, or $0.81 per diluted share, on net sales of $1.9 billion for the first quarter of 2024, compared to net income attributable to CVR Energy stockholders of $195 million, or $1.94 per diluted share, on net sales of $2.3 billion for the first quarter of 2023. Adjusted earnings for the first quarter of 2024 was 4 cents per diluted share compared to adjusted earnings of $1.44 per diluted share in the first quarter of 2023. Net income for the first quarter of 2024 was $90 million, compared to net income
SUGAR LAND, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its first quarter 2024 earnings results on Monday, April 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, April 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
Reported full-year 2023 net income attributable to CVR Energy stockholders of $769 million and EBITDA of $1.4 billion. Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share.CVR Partners (NYSE:UAN) declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per common unit. SUGAR LAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced fourth quarter 2023 net income attributable to CVR Energy stockholders of $91 million, or 91 cents per diluted
SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, February 21, 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
SUGAR LAND, Texas, Dec. 08, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (the "Company" or "CVR Energy") (NYSE:CVI) announced today the pricing of its private placement (the "Offering") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), of $600 million in aggregate principal amount of 8.500% senior unsecured notes due 2029 (the "Notes"). The Notes mature on January 15, 2029, and will be issued at par. The Notes will be jointly and severally guaranteed on a senior unsecured basis by certain of the Company's domestic subsidiaries, including each of the Company's subsidiaries that is a borrower or guarantor under the Company's $275 million
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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
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector. CVR Energy, Inc. (NYSE:CVI) Dividend Yield: 7.88% Scotiabank analyst Paul Cheng maintained a Sector Underperform rating and cut the p
Mizuho analyst Nitin Kumar initiates coverage on CVR Energy (NYSE:CVI) with a Neutral rating and announces Price Target of $27.
Scotiabank analyst Paul Cheng maintains CVR Energy (NYSE:CVI) with a Sector Underperform and lowers the price target from $29 to $24.
JP Morgan analyst Phil Gresh maintains CVR Energy (NYSE:CVI) with a Underweight and lowers the price target from $30 to $26.
CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced its outlook for certain operational statistics and financial information for its Petroleum and Renewables businesses for the second quarter of 2024. This information was not included in the announcement of the results of the first quarter of 2024, as the Company was not yet able to determine the impacts from a fire the Wynnewood Refinery experienced the day prior to the announcement. As previously announced, the fire was extinguished shortly after it started, no employees or contractors were injured, and the operations at the Coffeyville Refinery were not impacted by the fire. After further assessment of this inciden
UBS analyst Manav Gupta maintains CVR Energy (NYSE:CVI) with a Neutral and lowers the price target from $37 to $33.75.
On CNBC's “Mad Money Lightning Round,” Jim Cramer described Quanta Services (NYSE:PWR) as “so good” and a “terrific” company. On May 2, Quanta Services posted better-than-expected quarterly results. “I think that the cycle could be turning against them,” Cramer said about CVR Energy, Inc. (NYSE:CVI). “Let's be very careful, CVR.” On April 29, CVR Energy posted weaker-than-expected results for its first quarter. Nutanix, Inc. (NASDAQ:NTNX) is a “perfect enterprise software company for the moment because it's cloud enterprise software, and that's what people want,” Cramer said. “It's very expensive, but it's going to keep going higher.” San Jose, California-based Nutanix is expe
CVR Energy (NYSE:CVI) reported quarterly Adj earnings of $0.04 per share which missed the analyst consensus estimate of $0.18 by 77.78 percent. This is a 97.22 percent decrease over earnings of $1.44 per share from the same period last year. The company reported quarterly sales of $1.863 billion which missed the analyst consensus estimate of $1.960 billion by 4.96 percent. This is a 18.50 percent decrease over sales of $2.286 billion the same period last year.
Scotiabank analyst Paul Cheng maintains CVR Energy (NYSE:CVI) with a Sector Underperform and raises the price target from $25 to $29.