CVR Energy reported a second-quarter net loss attributable to stockholders of $3 million, or $0.03 per diluted share, narrowing from a $114 million loss a year earlier, while adjusted EBITDA jumped 111% to $209 million. Petroleum adjusted EBITDA reached $106 million, driven by elevated Group 3 crack spreads and throughput of 212,965 barrels per day at 98.4% crude utilization, though a $216 million RIN expense and $81 million realized derivative loss weighed on capture. Fertilizer adjusted EBITDA rose to $107 million on 99% ammonia utilization and higher prices, with ammonia at $791 per ton and UAN at $392 per ton. The company declared a $0.10 per share quarterly dividend and generated $264 million in free cash flow, while maintaining total liquidity of approximately $1.1 billion excluding CVR Partners. Management highlighted ongoing regulatory uncertainty around the Wynnewood small refinery exemption and signaled a more cautious hedging approach going forward.
CVR Energy IncNarrowed loss, EBITDA up 111%, strong margins, and dividend declared.
