earnings
confidence high
sentiment negative
materiality 0.75
CVR Energy Q1 net loss $123M; no dividend; Coffeyville turnaround depressed refining
CVR ENERGY INC
2025-Q1 EPS reported
-$1.22
revenue$1,646,000,000
- Net loss of $123M ($1.22 diluted EPS); adjusted loss $0.58 diluted; vs Q1 2024 net income $82M ($0.81 diluted).
- EBITDA loss of $61M; adjusted EBITDA $24M; vs Q1 2024 EBITDA $203M and adjusted EBITDA $99M.
- Petroleum segment loss of $160M; combined throughput 120k bpd vs 196k bpd due to Coffeyville turnaround.
- No Q1 2025 cash dividend declared; CVR Partners declared $2.26/unit distribution payable May 19, 2025.
- Renewables segment turned profitable with EBITDA $6M (vs -$4M); CVR Partners net income $27M (vs $13M).