earnings
confidence high
sentiment negative
materiality 0.85
CVR Energy Q3 net loss $124M, suspends dividend; Petroleum EBITDA loss $75M
CVR ENERGY INC
2024-Q3 EPS reported
-$0.22
revenue$5,663,000,000
- Net loss of $124M ($1.24/diluted share) vs net income of $353M ($3.51) in Q3 2023.
- No Q3 2024 cash dividend; Board cites margin concerns and planned Coffeyville turnaround in Q1 2025.
- Petroleum segment EBITDA loss $75M; adjusted EBITDA $24M vs $281M a year ago.
- Nitrogen Fertilizer net income $4M, EBITDA $36M; CVR Partners declares $1.19/common unit distribution.
- Cash $534M; total debt $1.6B ($548M held by Nitrogen Fertilizer segment).