earnings
confidence high
sentiment negative
materiality 0.75
CVR Energy Q1 net income $82M ($0.81/diluted) vs $195M YoY; revenue $1.9B, declares $0.50 dividend
CVR ENERGY INC
2024-Q1 EPS reported
$0.81
revenue$1,863,000,000
- GAAP net income of $82M ($0.81/diluted) vs $195M ($1.94) YoY; adjusted EPS $0.04 vs $1.44.
- Revenue $1.9B, down 17% YoY from $2.3B.
- Petroleum segment operating income $118M vs $237M; refining margin $16.29/bbl vs $23.24/bbl.
- Nitrogen Fertilizer operating income $20M vs $109M; UAN price down 42% to $267/ton, ammonia down 41% to $528/ton.
- Declares Q1 cash dividend of $0.50/share, payable May 20 to holders of record May 13.