SUGAR LAND, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2024 earnings results on Monday, April 29, after the close of trading on the New York Stock Exchange.
Key Points:
- SUGAR LAND, Texas, April 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2024 earnings results on Monday, April 29, after the close of trading on the New York Stock Exchange.
- The Company also will host a teleconference call on Tuesday, April 30, at 1 p.m. Eastern to discuss these results.
- This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com .
- A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13745530.
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Tuesday, February 20, 2024
Ammonia,
RFS,
Overalls,
Sale,
Debt-to-GDP ratio,
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CVR Partners,
CVI,
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Webcast,
UAN,
Energy,
Lamp,
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Partner Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share.
Key Points:
- Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share.
- Fourth quarter 2023 EBITDA was $204 million, compared to fourth quarter 2022 EBITDA of $313 million.
- Adjusted EBITDA for the fourth quarter of 2023 was $170 million, compared to adjusted EBITDA of $388 million in the fourth quarter of 2022.
- CVR Energy announced a fourth quarter 2023 cash dividend of 50 cents per share.
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Wednesday, February 7, 2024
SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange.
Key Points:
- SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange.
- The Company also will host a teleconference call on Wednesday, February 21, at 1 p.m. Eastern to discuss these results.
- This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com .
- A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13744072.
SUGAR LAND, Texas, Dec. 08, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (the “Company” or “CVR Energy”) (NYSE: CVI) announced today the pricing of its private placement (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), of $600 million in aggregate principal amount of 8.500% senior unsecured notes due 2029 (the “Notes”).
Key Points:
- SUGAR LAND, Texas, Dec. 08, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (the “Company” or “CVR Energy”) (NYSE: CVI) announced today the pricing of its private placement (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), of $600 million in aggregate principal amount of 8.500% senior unsecured notes due 2029 (the “Notes”).
- The Notes mature on January 15, 2029, and will be issued at par.
- The Company intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of its outstanding 5.250% Senior Notes due 2025 (the “2025 Notes”).
- This news release shall not constitute a notice of redemption under the indenture governing the 5.250% Senior Notes due 2025.
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Thursday, December 7, 2023
SUGAR LAND, Texas, Dec. 07, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (the “Company” or “CVR Energy”) (NYSE: CVI) announced today that, subject to market conditions, it intends to offer (the “Offering”) for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), $600 million in aggregate principal amount of senior unsecured notes due 2029 (the “Notes”).
Key Points:
- SUGAR LAND, Texas, Dec. 07, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (the “Company” or “CVR Energy”) (NYSE: CVI) announced today that, subject to market conditions, it intends to offer (the “Offering”) for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), $600 million in aggregate principal amount of senior unsecured notes due 2029 (the “Notes”).
- The Notes are expected to be jointly and severally guaranteed on a senior unsecured basis by certain of the Company’s domestic subsidiaries, including each of the Company’s subsidiaries that is a borrower or guarantor under the Company’s $275 million senior secured asset based revolving credit facility.
- The Company intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of its outstanding 5.250% Senior Notes due 2025 (the “2025 Notes”).
- This news release shall not constitute a notice of redemption under the indenture governing the 5.250% Senior Notes due 2025.
Adjustment,
Partner,
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Sale,
Lamp,
Fertilizer,
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Oil shale Third quarter 2023 EBITDA was $530 million, compared to third quarter 2022 EBITDA of $181 million.
Key Points:
- Third quarter 2023 EBITDA was $530 million, compared to third quarter 2022 EBITDA of $181 million.
- “CVR Energy achieved solid results for the 2023 third quarter driven by continued strong crack spreads,” said Dave Lamp, CVR Energy’s Chief Executive Officer.
- “In addition to our third quarter 2023 cash dividend of 50 cents, our Board of Directors was pleased to approve a special dividend of $1.50 per share, bringing our year-to-date declared dividends to $4.00 per share.
- CVR Energy announced a third quarter 2023 cash dividend of 50 cents per share.
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Tuesday, October 17, 2023
SUGAR LAND, Texas, Oct. 17, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its third quarter 2023 earnings results on Monday, October 30, after the close of trading on the New York Stock Exchange.
Key Points:
- SUGAR LAND, Texas, Oct. 17, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its third quarter 2023 earnings results on Monday, October 30, after the close of trading on the New York Stock Exchange.
- The Company also will host a teleconference call on Tuesday, October 31, at 1 p.m. Eastern to discuss these results.
- This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com .
- A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13741665.
CVR,
Lamp,
Partner,
Gunvor,
Ethanol,
Group 3,
Rin Tin Tin,
RIN,
Sale,
RFS,
EBITDA,
Ammonia,
UAN,
CVR Partners,
Wynnewood,
CVI,
Webcast,
Renewable Fuel Standard (United States),
Rest,
NYSE,
Conference,
2-1-1,
Video game,
Holding company,
Fertilizer,
Oil Second quarter 2023 EBITDA was $300 million, compared to second quarter 2022 EBITDA of $401 million.
Key Points:
- Second quarter 2023 EBITDA was $300 million, compared to second quarter 2022 EBITDA of $401 million.
- Adjusted EBITDA for the second quarter of 2023 was $347 million, down from $511 million in the second quarter of 2022.
- “CVR Energy posted solid results for the second quarter of 2023 driven by strong crack spreads,” said Dave Lamp, CVR Energy’s Chief Executive Officer.
- CVR Energy announced a second quarter 2023 cash dividend of 50 cents per share.
SUGAR LAND, Texas, July 18, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2023 earnings results on Monday, July 31, after the close of trading on the New York Stock Exchange.
Key Points:
- SUGAR LAND, Texas, July 18, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2023 earnings results on Monday, July 31, after the close of trading on the New York Stock Exchange.
- The Company also will host a teleconference call on Tuesday, August 1, at 1 p.m. Eastern to discuss these results.
- This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com .
- A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13739750.
The decision to retain CVR Energy’s interests in its nitrogen fertilizer business at this time was made following a thorough review by the Board of the potential transaction and current market conditions and in consideration of the best interests of CVR Energy and its stockholders.
Key Points:
- The decision to retain CVR Energy’s interests in its nitrogen fertilizer business at this time was made following a thorough review by the Board of the potential transaction and current market conditions and in consideration of the best interests of CVR Energy and its stockholders.
- “Included within our exploration of a potential spin-off was how to create pure-play refining and fertilizer entities while still retaining the operational efficiencies both CVR Energy and CVR Partners enjoy from our current model,” said Dave Lamp, President and Chief Executive Officer of CVR Energy.
- We will continue to explore ways to capitalize on the unique assets of each of CVR Energy and CVR Partners, particularly within the Coffeyville complex, including their proximity to the farm belt, excess hydrogen capacity and existing CO2 sequestration capabilities.
- In addition, the pre-treatment unit at Wynnewood remains on-track for mechanical completion in late 3Q23 which we expect to enhance the renewables capture rate and profitability.”
