CVR Energy Posts Q4 Loss But Strong 2025 EBITDA

CVR Energy ( (CVI) ) just unveiled an update.

CVR Energy reported a net loss attributable to stockholders of $110 million for the fourth quarter of 2025 and net income of $27 million for the full year, with quarterly results hit by $62 million of accelerated depreciation tied to reverting the Wynnewood Renewable Diesel Unit to hydrocarbon processing. Despite the quarterly loss, full-year 2025 EBITDA rose to $591 million from $394 million in 2024, supported by stronger refining throughput and wider margins, a $75 million term loan prepayment in December, and a fourth-quarter cash distribution of $0.37 per unit from CVR Partners, even as the renewables business remained loss-making and fertilizer operations were disrupted by planned and unplanned downtime.

Management highlighted solid refining performance in late 2025, citing strong seasonal crack spreads and steady global demand expectations for refined products. Nitrogen fertilizer results were constrained by a 32-day turnaround and subsequent startup issues at the Coffeyville facility, but market fundamentals for nitrogen fertilizer remained supportive with tight global supply and robust pricing, underscoring the segment’s ongoing cash-generation potential despite operational interruptions.

The most recent analyst rating on (CVI) stock is a Hold with a $22.50 price target. To see the full list of analyst forecasts on CVR Energy stock, see the CVI Stock Forecast page.

Spark’s Take on CVI Stock

According to Spark, TipRanks’ AI Analyst, CVI is a Neutral.

Overall score reflects mixed fundamentals and elevated leverage/cash-flow risk, combined with a clearly bearish technical setup (price below key moving averages and negative MACD). These are partially offset by a moderate P/E and very high dividend yield, plus a solid Q3 earnings call centered on strength in refining and fertilizer despite ongoing renewables weakness.

To see Spark’s full report on CVI stock, click here.

More about CVR Energy

CVR Energy, Inc., based in Sugar Land, Texas, operates in the petroleum refining and nitrogen fertilizer industries through its petroleum, renewables and nitrogen fertilizer segments. The company focuses on refining hydrocarbons, producing nitrogen-based fertilizers via CVR Partners, and has also operated renewable diesel assets, positioning it as an integrated energy and agricultural inputs player in U.S. markets.

Average Trading Volume: 1,139,519

Technical Sentiment Signal: Sell

Current Market Cap: $2.33B

For an in-depth examination of CVI stock, go to TipRanks’ Overview page.