| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.7K | 38.3% | 55.5% |
| Total Income | 2.7K | 38.3% | 55.5% |
| Expenditure | 2.7K | 25.2% | 42.7% |
| PBT | 56.00 | 129.6% | 142.4% |
| Net Profit | -3.00 | 98.4% | 97.4% |
| OPM | 2.85% | 10.17pp | 8.70pp |
| NPM | -0.11% | 9.59pp | 6.36pp |
| EPS | -0.03 | 98.4% | 97.4% |
CVR Energy Reports Q2 2026 Results with Improved Adjusted EBITDA
30 Jul 2026 · 30 Jul, 1:57 am
Summary
CVR Energy reported its second quarter 2026 results, showing a net loss attributable to stockholders of $3 million, a significant improvement from a $114 million loss in the prior year. Adjusted EBITDA surged to $209 million from $99 million year-over-year, driven by strong performance in both the Petroleum and Nitrogen Fertilizer segments. The company declared a cash dividend of 10 cents per share, and its affiliate CVR Partners announced a cash distribution of $6.08 per common unit.
Key Highlights
- 1
CVR Energy reported a net loss attributable to stockholders of $3 million for the second quarter of 2026.
- 2
Adjusted EBITDA for the second quarter of 2026 was $209 million, a significant increase from $99 million in the second quarter of 2025.
- 3
Net income for the second quarter of 2026 was $46 million, compared to a net loss of $90 million in the prior year's second quarter.
- 4
The Petroleum Segment reported an Adjusted EBITDA of $106 million for Q2 2026, up from $38 million in Q2 2025.
- 5
The Nitrogen Fertilizer Segment reported net income of $78 million and EBITDA of $107 million for Q2 2026.
- 6
CVR Energy declared a cash dividend of 10 cents per share for the second quarter of 2026.
- 7
CVR Partners announced a second quarter 2026 cash distribution of $6.08 per common unit.
Management Comments
Dane Neumann
CVR Energy posted another quarter of strong operating results across our system, with crude utilization of 98 percent and ammonia plant utilization of 99 percent. The ongoing global conflicts have created tightness across energy and fertilizer markets. We continue to believe our assets are well-positioned to benefit from these market conditions and are pleased to announce a cash dividend of 10 cents per share for the second quarter. Looking ahead, we remain laser focused on pursuing accretive growth and believe current market conditions could support these efforts, as well as opportunities to reduce leverage and add value for our shareholders. With solid results for the quarter, CVR Partners declared a distribution of $6.08 per common unit. The planned turnaround at the East Dubuque fertilizer facility is expected to begin in August, during which we plan to complete the brownfield ammonia expansion that is expected to increase production capacity by approximately 5%.
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