earnings
confidence high
sentiment positive
materiality 0.85
CVR Energy Q4 net income $112M ($1.11 EPS) vs loss year ago; full-year net $463M; dividend raised to $0.50/share
CVR ENERGY INC
2022-FY EPS reported
$4.60
revenue$10,896,000,000
- Q4 net income $112M ($1.11 diluted EPS) vs net loss $14M (-$0.14) in Q4 2021; net sales $2.7B vs $2.1B.
- Full-year 2022 net income $463M ($4.60 diluted EPS) vs $25M ($0.25) in 2021; net sales $10.9B vs $7.2B.
- Board declared Q4 cash dividend of $0.50/share, payable March 13 to holders of record March 6; cumulative 2022 dividends $5.30/share.
- Completed corporate transformation on Feb 1, 2023 to segregate renewables business; cites improved access to capital and partnerships.
- Petroleum segment Q4 operating income $155M vs loss $27M; refining margin $17.14/bbl vs $7.13; Nitrogen Fertilizer Q4 operating income $102M vs $72M.