secwatch.observer — SEC 8-K summary
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Issuer:     CVR ENERGY INC (CVI)
CIK:        0001376139
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001376139-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Energy Q4 net income $112M ($1.11 EPS) vs loss year ago; full-year net $463M; dividend raised to $0.50/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376139/000137613923000007/0001376139-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376139/000137613923000007/cvi-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001376139-23-000007

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