Quarterly ResultJul 29, 2026, 04:34 PM
CVR Energy Q2 Net Sales $2.74B; Reduces Net Loss to $(3)M
AI Summary
CVR Energy reported significantly improved financial results for Q2 2026, with net sales increasing to $2.74 billion from $1.76 billion in Q2 2025. The company achieved operating income of $78 million, a substantial turnaround from an operating loss of $103 million in the prior year quarter. Net loss attributable to CVR Energy stockholders was reduced to $3 million, down from $114 million in Q2 2025. The company also completed significant debt refinancing activities, issuing $1 billion in new senior notes and redeeming existing debt, while increasing its ABL credit facility.
Key Highlights
- Q2 2026 Net Sales increased to $2.74 billion from $1.76 billion in Q2 2025.
- Q2 2026 Operating Income was $78 million, compared to a $(103) million loss in Q2 2025.
- Net Loss attributable to stockholders for Q2 2026 was $(3) million, down from $(114) million in Q2 2025.
- Issued $1 billion in new Senior Notes (7.500% due 2031 and 7.875% due 2034).
- Redeemed $600 million of 8.500% Senior Notes due 2029 and $217 million of 5.750% Senior Notes due 2028.
- Petroleum Segment revenue for Q2 2026 rose to $2.54 billion from $1.56 billion in Q2 2025.
- Nitrogen Fertilizer Segment revenue for Q2 2026 increased to $202 million from $168 million in Q2 2025.
- Accrued Renewable Fuel Standard (RFS) obligation increased to $408 million.
Price Impact
More from CVI