AI Earnings Predictions for CVR Energy Inc. (CVI)

EX-99.1

2 d897437dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

CVR Energy Reports Third Quarter 2026 Results

•

Separately announced today a definitive agreement to acquire Marathon Petroleum Corporation’s St. Paul Park and Mandan refineries and related marketing business

•

Third quarter 2026 net income attributable to CVR Energy stockholders of $570 million; Adjusted EBITDA of $582 million

•

$253 million liability removed from balance sheet due to the EPA’s August 2026 decision granting a full waiver for Wynnewood Refining Company, LLC (“WRC”) for the 2025 compliance period

•

Declared cash dividend of 10 cents for the third quarter 2026

•

CVR Partners, LP (“CVR Partners”) announced a third quarter 2026 cash distribution of $1.79 per common unit

SUGAR LAND, Texas (November 3, 2026) – CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced its third quarter 2026 results including a net income attributable to CVR Energy stockholders of $570 million, or $5.67 per diluted share, and an adjusted earnings per diluted share of $4.00, compared to net income attributable to CVR Energy stockholders of $374 million, or $3.72 per diluted share, and an adjusted earnings per diluted share of 40 cents for the third quarter of 2025. Net income for the third quarter of 2026 was $563 million compared to net income of $401 million for the third quarter of 2025. Adjusted EBITDA for the third quarter of 2026 was $582 million compared to $180 million for the third quarter of 2025.

“We are incredibly excited about our announcements this morning of a definitive agreement to acquire two high quality refineries from Marathon Petroleum, along with the associated marketing and logistics assets,” said Dane Neumann, CVR Energy’s President and Chief Executive Officer. “We also announced the best quarterly results in the Company’s history on both a consolidated basis and in the Petroleum segment, driven by strong operations across our system and record crack spreads. We are also pleased to announce a quarterly dividend of 10 cents per share. Looking ahead, we remain optimistic about the near-term outlook while we seek to close on our transformative transaction with Marathon Petroleum by the end of the year.”

“CVR

Partners’ results for the third quarter were impacted by the planned turnaround at its East Dubuque facility, which was completed in mid-October as scheduled,” Neumann continued. “Despite the downtime associated with the turnaround, CVR Partners had another quarter of solid results and declared a cash distribution of $1.79 per common unit for the third quarter.”

Segment Highlights

Below are financial and operational highlights of each of the Company’s reportable segments:

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Petroleum Segment

Petroleum net income (in millions)

$ 746

$ 520

$ 565

$ 223

Petroleum EBITDA* (in millions)

787

572

706

370

Petroleum Adjusted EBITDA* (in millions)

565

120

621

127

Total throughput barrels per day

227,637

215,968

218,339

169,848

Refining margin* ($ per throughput barrel)

$ 45.56

$ 35.65

$ 19.28

$ 15.93

Adjusted refining margin* ($ per throughput barrel)

34.97

12.87

17.86

10.68

1

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Direct operating expenses* ($ per throughput barrel)

6.15

5.69

6.06

6.62

Nitrogen Fertilizer Segment

Nitrogen Fertilizer net (loss) income (in millions)

$ (11 )

$ 43

$ 117

$ 109

Nitrogen Fertilizer EBITDA and Adjusted EBITDA* (in millions)

20

71

205

191

Ammonia utilization rate (percent of capacity utilization)

80 %

95 %

94 %

96 %

Ammonia sales volumes (thousands of tons)

36

48

164

165

UAN sales volumes (thousands of tons)

327

328

971

1,009

Ammonia pricing at gate ($ per ton)

$ 637

$ 531

$ 710

$ 561

UAN pricing at gate ($ per ton)

309

348

348

307

*

See “Non-GAAP Reconciliations” section below.

Corporate and Other

The Company reported an income tax expense of $141 million, or 20.0 percent of income before income taxes, for the three months ended September 30, 2026, compared to an income tax expense of $88 million, or 17.9 percent of income before income taxes, for the three months ended September 30, 2025. The change in income tax expense was primarily due to an increase in overall pretax earnings while the change in effective tax rate was primarily caused by changes in pretax earnings attributable to noncontrolling interests and the impact of state tax credits relative to overall pretax earnings.

Cash, Debt and Dividend

Consolidated cash and cash equivalents were $1.3 billion at September 30, 2026. Consolidated total debt and finance lease obligations were $1.8 billion at September 30, 2026, including $570 million held by the Nitrogen Fertilizer Segment.

CVR Energy announced a third quarter 2026 cash dividend of 10 cents per share. The dividend, as declared by CVR Energy’s Board of

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