secwatch.observer — SEC 8-K summary
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Issuer:     CVR ENERGY INC (CVI)
CIK:        0001376139
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001376139-23-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376139/000137613923000044/0001376139-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376139/000137613923000044/cvi-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001376139-23-000044

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