Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
CVR Energy ( (CVI) ) has issued an announcement.
CVR Energy reported a significant decline in its financial performance for the fourth quarter and the full year of 2024 compared to 2023, with net income attributable to stockholders dropping to $7 million for the year. The company enhanced its liquidity by $408 million in the fourth quarter through a Term Loan and the sale of its interest in Midway Pipeline. Despite facing challenges in the refining segment due to reduced crack spreads and throughput, the company anticipates improvement as the summer driving season approaches. The renewables segment showed improvements in EBITDA and margin due to lower feedstock costs and better operational efficiency, while the nitrogen fertilizer segment saw a decrease in net income and EBITDA compared to 2023.
More about CVR Energy
CVR Energy is a company involved in the refining and renewables sector, with operations in refining petroleum products and producing renewable diesel and nitrogen fertilizers. It focuses on enhancing its market presence through strategic operations in these industries.
YTD Price Performance: -1.17%
Average Trading Volume: 1,213,371
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.87B
See more insights into CVI stock on TipRanks’ Stock Analysis page.
