earnings
confidence high
sentiment positive
materiality 0.80
CVR Energy Q3 2022 adj. EPS $1.90, net sales $2.7B; declares $1.00 special dividend
CVR ENERGY INC
2022-Q3 EPS reported
$3.49
revenue$8,216,000,000
- Net income $93M ($0.92 diluted EPS); adjusted EPS $1.90 vs. -$0.24 prior year; net sales $2.7B (+42% YoY).
- Petroleum segment operating income $137M on $2.5B sales; refining margin $16.56/bbl; RFS compliance costs $98M.
- Nitrogen Fertilizer segment operating loss $12M due to planned turnarounds; UAN price up 42% to $433/ton.
- Declared $0.40 quarterly and $1.00 special dividend, payable Nov 21 to holders of record Nov 14.
- Renewable diesel unit throughput 17.7M gallons (up from 12M in Q2); renewables transformation on track for Q1 2023.