CVR Energy provides Q2 2024 outlook after Wynnewood Refinery fire; operations expected normal by end of Q2

CVR ENERGY INC

Fire at Wynnewood Refinery on May 13, 2024; damage limited to pipe racks and pumps; no injuries.
One crude unit, FCC, and alkylation unit restarted; reformer starting up; normal ops by end of Q2.
Q2 2024 outlook: crude throughput 180-195k bpd; refinery utilization 78-86%; renewable diesel capacity utilization 55-70%.
Direct op expenses: petroleum $125M-$140M; renewables $22M-$28M. CapEx: petroleum $30M-$35M; renewables $10M-$15M.
Management does not expect material impact to overall financial position from the fire.

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