CVI - Dividend announcements

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

SUGAR LAND, Texas, June 10, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced that it has determined the amount of cash per share of its common stock to which each of its stockholders is entitled in connection with the previously announced special dividend of $492 million, to be paid in a combination of cash (the “Cash Distribution”) and the common stock of Delek US Holdings, Inc. (“Delek”) held by the Company (the “Stock Distribution”). The Company will distribute an aggregate amount of approximately $242 million, or $2.40 per share of the Company’s common stock, pursuant to the Cash Distribution and 10,539,880 shares of Delek common st

SUGAR LAND, Texas, May 27, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced the final ratio for the Stock Distribution (defined below) portion of its previously announced special dividend of $492 million, which is payable in a combination of cash and the common stock of Delek US Holdings, Inc. ("Delek") held by the Company (the "Stock Distribution"). The special dividend will be paid on June 10, 2021 (the "Distribution Date"). In the Stock Distribution, the Company will distribute 0.1048 of a share of Delek common stock for each share of the Company's common stock outstanding as of the close of business on May 26, 2021 (the "Record Date")

SUGAR LAND, Texas, May 11, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced that its Board of Directors (the "Board") has determined that the Company will focus on renewable fuels and is no longer interested in acquiring another crude oil refinery. In connection therewith, the Board approved expenditures of up to $10 million to progress its renewable diesel initiatives, including: The completion of process design to convert an existing hydrotreater at the Coffeyville refinery to renewable diesel service; andThe completion of process design and the ordering of certain long-lead equipment for a feed pretreater for the Wynnewood refinery to

SUGAR LAND, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy") (NYSE:CVI) today announced a net loss of $39 million, or 39 cents per diluted share, on net sales of $1.5 billion for the first quarter of 2021, compared to net loss of $87 million, or 87 cents per diluted share, on net sales of $1.1 billion for the first quarter of 2020. First quarter 2021 EBITDA was less than $1 million, compared to a first quarter 2020 EBITDA loss of $38 million. "CVR Energy's first quarter 2021 results were influenced by exorbitant Renewable Identification Number (RIN) pricing, unrealized derivative losses and impacts from Winter Storm Uri," said Dave Lamp, CVR Energy's Chief Execu

Reported fourth quarter and full-year 2020 net loss of $67 million and $256 million, respectively, negatively impacted by the COVID-19 pandemic and flawed Renewable Fuel Standard program. Reacted quickly to COVID-19 pandemic: Operated safely and reliably; Exceeded targeted $50 million annual reduction in operating and SG&A expenses; Safely deferred turnarounds in both petroleum and fertilizer segments. Redirected capital from process improvement projects to Wynnewood Renewable Diesel Unit project, intended to offset Renewable Fuel Standard impacts and reduce carbon footprint. SUGAR LAND, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced a