earnings
confidence high
sentiment negative
materiality 0.85
CVR Energy Q4 net income falls to $28M; full-year adj loss; raises $408M via term loan and pipeline sale
CVR ENERGY INC
2024-FY EPS reported
$0.06
revenue$7,610,000,000
- Q4 2024 net income attributable $28M ($0.28 diluted EPS) vs $91M ($0.91) a year ago; adjusted EPS loss of $0.13.
- Full-year 2024 net income attributable $7M ($0.06) vs $769M ($7.65); adjusted loss $0.51 per share.
- Petroleum segment Q4 EBITDA $72M vs $196M; adjusted refining margin $6.45/bbl vs $12.91 on weaker crack spreads.
- Completed $318M Term Loan and $90M sale of 50% Midway Pipeline stake; cash $987M, debt $1.9B.
- Nitrogen Fertilizer segment full-year net income $61M vs $172M; CVR Partners declared $1.75/unit Q4 distribution.