secwatch.observer — SEC 8-K summary
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Issuer:     CVR ENERGY INC (CVI)
CIK:        0001376139
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001376139-24-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVR Energy Q3 net loss $124M, suspends dividend; Petroleum EBITDA loss $75M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000051/0001376139-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376139/000137613924000051/cvi-20241028.htm
  HTML page:      https://secwatch.observer/filing/0001376139-24-000051

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