Quarterly ResultApr 29, 2026, 04:49 PM
CVI Q1 Net Loss $192M; Adj EBITDA $37M; Declares $0.10 Dividend
AI Summary
CVR Energy reported a Q1 2026 net loss attributable to stockholders of $192 million, or $1.91 per diluted share, which includes $158 million in unrealized derivative losses. Adjusted EBITDA for the quarter was $37 million, an increase from $24 million in Q1 2025. The company declared a cash dividend of 10 cents per share for Q1 2026, and CVR Partners announced a $4.00 per common unit distribution. Additionally, CVR Energy completed a debt refinancing, issuing $1 billion in new senior notes and redeeming older debt, resulting in a $32 million loss on extinguishment.
Key Highlights
- Net loss attributable to CVR Energy stockholders was $192 million, or $1.91 per diluted share.
- Adjusted EBITDA for Q1 2026 was $37 million, up from $24 million in Q1 2025.
- CVR Energy declared a Q1 2026 cash dividend of $0.10 per share.
- CVR Partners declared a Q1 2026 cash distribution of $4.00 per common unit.
- Petroleum Segment reported a net loss of $193 million.
- Nitrogen Fertilizer Segment reported a net income of $50 million.
- Issued $1 billion in new Senior Notes (7.500% due 2031 and 7.875% due 2034).
- Recognized a $32 million loss on extinguishment of debt from refinancing.