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Cvr Energy Inc. (CVI)
NYSE:CVI
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.58Last Year’s EPS
0.04Same Quarter Last Year
Moderate Sell
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 9.19%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with both positive and negative aspects. While the company reported solid financial performance and improvement in the renewables segment, challenges in the refining market and increased expenses presented significant headwinds. The company's liquidity position is strong, but uncertainties in government subsidies for the renewables segment pose risks.Company Guidance
During the CVR Energy fourth quarter 2024 conference call held on February 19, 2025, the management provided detailed guidance on various financial metrics and operational plans for the upcoming period. The company reported a consolidated net income of $45 million for the full year of 2024, with an EBITDA of $394 million. The petroleum segment generated $223 million in EBITDA, while the fertilizer and renewables segments contributed $179 million and $3 million, respectively. For the fourth quarter, consolidated net income was $40 million and EBITDA was $122 million. Looking ahead to the first quarter of 2025, CVR Energy projected total throughput for the petroleum segment to range between 120,000 to 135,000 barrels per day, with direct operating expenses estimated at $95 to $105 million. Capital spending is expected to be between $30 and $40 million, with turnaround spending projected at $150 to $165 million. In the fertilizer segment, ammonia utilization is anticipated to be between 95% and 100%, with direct operating expenses forecasted at $55 to $65 million. The renewables segment is estimated to process between 13 million to 16 million gallons, with direct operating expenses of $8 to $10 million. CVR Energy emphasized its focus on deleveraging by aiming to reduce debt and restore the balance sheet to target levels, while also exploring potential investments in expanding jet fuel production and navigating the uncertainties in the renewables market.Consolidated Financial Performance
For the full year of 2024, CVR Energy reported a consolidated net income of $45 million and an EBITDA of $394 million. The fourth quarter saw a consolidated net income of $40 million and an EBITDA of $122 million.
Renewables Segment Improvement
The Renewables segment reported an adjusted EBITDA of $9 million for the fourth quarter, a significant improvement from the fourth quarter of 2023, which had an adjusted EBITDA of negative $17 million.
Fertilizer Segment Performance
The fertilizer segment showed strong performance with an adjusted EBITDA of $50 million for the fourth quarter, driven by increased ammonia sales prices and lower pet coke feedstock costs.
Increased Liquidity
Liquidity as of December 31st, excluding CVR Partners, was approximately $1.1 billion, significantly enhanced by net proceeds of $318 million from a term loan issuance and $90 million from the sale of a 50% interest in the Midway pipeline.
Cash Flow and Free Cash Flow
For the fourth quarter of 2024, cash flow from operations was $98 million and free cash flow was $40 million.
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CVI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CVI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $18.49 | $19.86 | +7.41% |
| Oct 28, 2024 | $23.82 | $18.06 | -24.18% |
| Jul 29, 2024 | $26.40 | $28.18 | +6.74% |
| Apr 29, 2024 | $31.94 | $29.30 | -8.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cvr Energy Inc. (CVI) report earnings?
Cvr Energy Inc. (CVI) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Cvr Energy Inc. (CVI) earnings time?
Cvr Energy Inc. (CVI) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVI EPS forecast?
CVI EPS forecast for the fiscal quarter 2025 (Q1) is -0.58.
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