earnings
confidence high
sentiment positive
materiality 0.80
CVR Energy Q1 net income $195M ($1.94 diluted), adj. EPS $1.44; dividend $0.50
CVR ENERGY INC
2023-Q1 EPS reported
$1.94
revenue$2,286,000,000
- Net income $195M ($1.94 diluted EPS) vs $94M ($0.93) in Q1 2022; adjusted EPS $1.44 vs $0.02.
- EBITDA $401M, adjusted EBITDA $334M, up from $278M and $155M respectively.
- Petroleum segment operating income $237M, refining margin $23.24/bbl; RFS compliance costs $95M.
- Dividend of $0.50/share declared, payable May 22 to holders of record May 15.
- 45Q carbon capture deal: initial $18.1M received; up to $60M additional through 2030.