secwatch.observer — SEC 8-K summary
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Issuer:     CVR ENERGY INC (CVI)
CIK:        0001376139
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001376139-24-000033
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000033/0001376139-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000033/cvi-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001376139-24-000033

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