CVR Energy operates in petroleum refining, nitrogen fertilizer, and renewable diesel, with refining being the main revenue driver and fertilizer boosting margins through pet coke usage. The Group 3 2-1-1 crack spread is crucial for CVI's refining margins, showing a strong correlation with the company's profitability. Renewable diesel capacity hedges against RIN price volatility, despite uncerta...
Despite (or perhaps because of) the volatility in the stock market and uncertainty about the economy, insiders are still scooping up shares of certain stocks.
CVR Energy stock has significantly underperformed, with a -38% return in 2024, mainly due to a failed Citgo bid and dividend suspension. Despite a positive Q4 2024 earnings report, I maintain a Sell rating on CVI stock due to poor macroeconomic outlook for refiners and renewables. The new Trump administration's energy policies create uncertainty for CVR Energy's renewable investments, making fu...
SUGAR LAND, Tx, Feb. 18, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced fourth quarter 2024 net income attributable to CVR Energy stockholders of $28 million, or 28 cents per diluted share, compared to fourth quarter 2023 net income attributable to CVR Energy stockholders of $91 million, or 91 cents per diluted share. Adjusted loss for the ...
SUGAR LAND, Texas, Feb. 04, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2024 earnings results on Tuesday, Feb. 18, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, Feb. 19, at 1 p.m. Eastern to discuss these results.
CVR Energy has faced significant challenges, including a 40% stock decline and dividend suspension, but Carl Icahn's actions have stabilized the stock. Icahn Enterprises increased its stake in CVI, signaling confidence and creating a near-term floor for the stock price. The Company's liquidity measures, including a $325 million term loan and potential asset sales, should cover upcoming costs de...
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