CVR Energy Q2 2023 net income down 21% to $130M; declares $1.00 special dividend

CVR ENERGY INC

2023-Q2 EPS reported $3.23 revenue$4,523,000,000

Net income $130M ($1.29 diluted EPS) vs $165M ($1.64) in Q2 2022; adjusted EPS $1.64 vs $2.45.
Net sales $2.2B down 29% from $3.1B; EBITDA $300M vs $401M; adjusted EBITDA $347M vs $511M.
Petroleum segment operating income $171M vs $297M; refining margin per barrel $18.21 vs $26.10.
Nitrogen Fertilizer segment operating income $67M vs $126M; UAN price down 43% to $316/ton.
Board declares Q2 cash dividend $0.50 and special dividend $1.00 per share, payable Aug 21.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CVR ENERGY INC reported Q2 2023 results: revenue net sales of $2.2 billion, net income net income of $130 million, EPS $1.29 per diluted share, $1.64 per diluted share adjusted.

Period: Q2 2023
Revenue: net sales of $2.2 billion
Net income: net income of $130 million
EPS: $1.29 per diluted share, $1.64 per diluted share adjusted
Result: reported results

Exact text from the filing

CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced net income of $130 million, or $1.29 per diluted share, on net sales of $2.2 billion for the second quarter of 2023, compared to net income of $165 million, or $1.64 per diluted share, on net sales of $3.1 billion for the second quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CVR ENERGY INC reported Q2 2022 results: revenue net sales of $3.1 billion, net income net income of $165 million, EPS $1.64 per diluted share, $2.45 per diluted share adjusted.

Period: Q2 2022
Revenue: net sales of $3.1 billion
Net income: net income of $165 million
EPS: $1.64 per diluted share, $2.45 per diluted share adjusted
Result: reported results

Exact text from the filing

compared to net income of $165 million, or $1.64 per diluted share, on net sales of $3.1 billion for the second quarter of 2022.

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Source: SEC EDGAR

accession 0001376139-23-000044

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