CVR Energy stock reports record quarter, plans refinery expansion
Published on 11/03/2026 at 22:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecord Quarter Reshapes CVR Energy
- CVR Energy reported its strongest quarterly consolidated and Petroleum segment results to date.
- The refinery acquisition would expand the company's operating footprint and remains targeted for completion by year-end.
- The nitrogen fertilizer business faced pressure from a planned East Dubuque turnaround.
CVR Energy reported record consolidated and Petroleum segment results for the third quarter on Tuesday, November 3, 2026. The company also announced a definitive agreement to acquire Marathon Petroleum's St. Paul Park and Mandan refineries, together with related marketing and logistics assets, according to Business Wire.
Net income attributable to CVR Energy stockholders rose to 570 million US dollars from 374 million US dollars a year earlier. Diluted earnings per share reached 5.67 US dollars, while adjusted earnings per share increased to 4.00 US dollars from 0.40 US dollars.
Refining Drives Quarterly Performance
Adjusted EBITDA climbed to 582 million US dollars from 180 million US dollars. The Petroleum segment contributed 565 million US dollars, compared with 120 million US dollars in the prior-year quarter, supported by stronger crack spreads, higher throughput and solid operating performance.
Total throughput averaged 227,637 barrels per day, up from 215,968 barrels per day. The company reported crude utilization of 104.9 percent and an adjusted refining margin of 34.97 US dollars per throughput barrel, compared with 12.87 US dollars a year earlier.
The nitrogen fertilizer segment was weaker. Adjusted EBITDA fell to 20 million US dollars from 71 million US dollars, while ammonia utilization declined to 80 percent from 95 percent. Management said a planned turnaround at the East Dubuque facility was completed in mid-October.
Acquisition Sets Next Strategic Focus
Management said the refinery transaction is intended to strengthen CVR Energy's refining platform and remains targeted for completion by year-end. The company reported 1.3 billion US dollars in consolidated cash and cash equivalents at September 30, against 1.8 billion US dollars of debt and finance lease obligations.
Cash flow from operations reached 655 million US dollars and free cash flow was 593 million US dollars in the quarter. The board declared a quarterly dividend of 0.10 US dollars per share, payable November 23 to shareholders of record on November 16.
The real-time quote of CVR Energy stock was 43.39 euros on Lang & Schwarz at 10:21 p.m. CET on Tuesday, November 3, 2026.
US equities traded in the broader context of the S&P 500 market environment.
More news and analyses on CVR Energy stock.
CVR Energy company profile
- Company: CVR Energy, Inc.
- ISIN: US12662P1084
- Ticker: CVI
- Exchange: New York Stock Exchange
- Lang & Schwarz quote: 43.39 euros on November 3, 2026 at 10:21 p.m. CET
- Third-quarter net income attributable to stockholders: 570 million US dollars
- Adjusted EBITDA: 582 million US dollars
- Quarterly dividend: 0.10 US dollars per share
