secwatch.observer — SEC 8-K summary
======================================

Issuer:     CVR ENERGY INC (CVI)
CIK:        0001376139
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001376139-24-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Energy Q1 net income $82M ($0.81/diluted) vs $195M YoY; revenue $1.9B, declares $0.50 dividend
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000029/0001376139-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000029/cvi-20240429.htm
  HTML page:      https://secwatch.observer/filing/0001376139-24-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer