CVR Energy posted second-quarter 2026 adjusted EBITDA of $209 million, driven by elevated crack spreads and high utilization rates across its refining and fertilizer segments. Consolidated net income reached $46 million, with adjusted earnings per share of $0.34. The petroleum segment generated $106 million in adjusted EBITDA, up from $38 million a year earlier, while the fertilizer segment contributed $107 million, compared with $67 million in the prior-year period. Crude utilization ran at 98% of nameplate capacity and the ammonia plant at 99%, yielding combined total output of approximately 213,000 barrels per day. The benchmark Group 3211 crack averaged $44.91 per barrel, but realized margin was $12.43 per barrel—a 28% capture rate—after a $216 million RIN expense and $81 million in realized hedge losses. Cash flow from operations was $307 million, free cash flow $264 million, and the company ended the quarter with a $737 million cash balance while paying a $0.10 per share dividend.
CVR Energy IncStrong Q2 2026 adjusted EBITDA of $209 million, net income of $46 million, and EPS of $0.34 beat expectations, with both refining and fertilizer segments showing significant year-over-year growth.