secwatch.observer — SEC 8-K summary
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Issuer:     CVR ENERGY INC (CVI)
CIK:        0001376139
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001376139-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000004/0001376139-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000004/cvi-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001376139-24-000004

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