From GlobeNewswire: 2025-04-28 17:07:00

CVR Energy reported a first quarter net loss of $123 million, with an EBITDA loss of $61 million and adjusted EBITDA of $24 million. The loss per diluted share was $1.22, with an adjusted loss of 58 cents. The company will not pay a cash dividend for the first quarter of 2025. CVR Partners announced a cash distribution of $2.26 per common unit.

The Petroleum Segment reported a first quarter net loss of $160 million and EBITDA loss of $119 million. Total throughput for the first quarter was approximately 120,000 barrels per day, a decrease from the previous year. Refining margin was negative, at $(0.42) per total throughput barrel. Adjusted refining margin was $7.72 per barrel.

The Renewables Segment saw a net income of less than $1 million and EBITDA of $6 million for the first quarter. Total vegetable oil throughput was approximately 156,000 gallons per day. Renewables margin was $16 million, or $1.13 per vegetable oil throughput gallon. Adjusted renewables margin was $0.94 per gallon.

The Nitrogen Fertilizer Segment reported net income of $27 million, with EBITDA of $53 million. Production at CVR Partners’ fertilizer facilities increased, with a combined 216,000 tons of ammonia produced in the first quarter of 2025. Average realized gate prices for ammonia and UAN showed changes compared to the prior year.

Consolidated cash and cash equivalents were $695 million at March 31, 2025, with total debt of $1.9 billion. CVR Energy will not pay a cash dividend for the first quarter of 2025. CVR Partners announced a cash distribution of $2.26 per common unit. The company will host its first quarter 2025 Earnings Conference Call on April 29, 2025, at 1 p.m. Eastern.



Read more at GlobeNewswire:: CVR Energy Reports First Quarter 2025 Results