| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.0K | 20.3% |
| Total Income | 2.0K | 20.3% |
| Expenditure | 2.1K | 19.6% |
| PBT | -189.00 | 22.7% |
| Net Profit | -192.00 | 56.1% |
| OPM | -7.32% | 0.64pp |
| NPM | -9.70% | 2.22pp |
| EPS | -1.91 | 56.6% |
CVR Energy Reports First Quarter 2026 Results
03 May 2026 · 3 May, 6:19 pm
Summary
CVR Energy announced its first quarter 2026 results, which included a net loss attributable to CVR Energy stockholders of $192 million, or $1.91 per diluted share. Adjusted EBITDA for the first quarter of 2026 was $37 million, compared to $24 million for the first quarter of 2025. The company declared a first quarter cash dividend of 10 cents per share. CVR Partners posted strong operating results and declared a first quarter distribution of $4.00 per common unit.
Key Highlights
- 1
CVR Energy reported a net loss attributable to stockholders of $192 million for the first quarter of 2026, which includes $158 million in unrealized derivative losses.
- 2
Adjusted EBITDA for the first quarter of 2026 was $37 million.
- 3
The company declared a cash dividend of 10 cents per share for the first quarter of 2026.
- 4
CVR Partners announced a first quarter 2026 cash distribution of $4.00 per common unit.
- 5
Crude utilization was 97 percent and ammonia plant utilization was 103 percent during the first quarter.
- 6
The company expects to realize $447 million through 2027 from the sale of NYMEX crack spread swaps.
Management Comments
Mark Pytosh
CVR Energy’s first quarter operations were solid, with crude utilization of 97 percent and ammonia plant utilization of 103 percent. The major geopolitical events of the past few months have created significant volatility in energy and fertilizer markets. However, as a result of our expected locked in value of $447 million from the sale of NYMEX crack spread swaps we expect to realize through 2027, among other matters, we believe our assets are well-positioned to increase in value. We are therefore pleased to announce a first quarter cash dividend of 10 cents per share and while there can be no guarantees, we are hopeful to be able to raise the dividend in the future. CVR Partners posted strong operating results for the first quarter of 2026, and demand was robust for the spring planting season. In addition to the solid operating results, CVR Partners was pleased to declare a first quarter distribution of $4.00 per common unit.”
Informational and educational content only. Not investment advice.