CVR Energy reports full-year 2023 net income $769M, EBITDA record $1.4B; declares Q4 dividend $0.50/share

CVR ENERGY INC

2023-FY EPS reported $7.65 revenue$9,247,000,000

Full-year 2023 net income attributable $769M ($7.65/diluted), up from $463M ($4.60) in 2022; revenue $9.2B (down from $10.9B).
Q4 net income attributable $91M ($0.91/diluted), vs $112M ($1.11) in Q4 2022; adjusted EPS $0.65 vs $1.68.
Petroleum segment full-year op income $982M on revenue $8.3B; refining margin $21.82/bbl (up from $19.09); RD throughput 82.5M gal (up 94%).
Issued $600M 8.50% senior notes due 2029; redeemed $600M 5.25% notes due 2025 on Feb 15; $1M loss on extinguishment.
Declared Q4 cash dividend $0.50/share, payable March 11; cumulative 2023 dividends $4.50/share.

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 0.97

CVR ENERGY INC reported the three months and year ended December 31, 2023 results: net income $91 million, or 91 cents per diluted share, on net sales of $2.2 billion, EPS 91 cents per diluted share.

Period: the three months and year ended December 31, 2023
Net income: $91 million, or 91 cents per diluted share, on net sales of $2.2 billion
EPS: 91 cents per diluted share
Result: reported results

Exact text from the filing

On February 20, 2024, CVR Energy, Inc. (the “Company”) issued a press release announcing information regarding its results of operations and financial condition for the three months and year ended December 31, 2023

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Source: SEC EDGAR

accession 0001376139-24-000004

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