Cvr Energy Inc. (CVI)
NYSE:CVI
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.8Last Year’s EPS
-0.23Same Quarter Last Year
Strong Sell
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: operational execution was strong (high utilization rates, improved fertilizer results, reinstated dividend, solid liquidity) and market fundamentals have improved since the onset of geopolitical disruptions. However, Q1 GAAP results were materially negative due largely to large unrealized derivative losses, substantial RINs/RFS related expense and mark-to-market volatility in hedges, and a weakened Petroleum adjusted EBITDA. Management emphasizes these are largely timing/market-driven items and highlights deleveraging plans and capital returns, but near-term financials remain impacted by market and regulatory headwinds.Company Guidance
Strong Refinery and Fertilizer Utilization
Crude utilization of 97% of nameplate capacity and ammonia utilization of 103% in Q1 2026, with both plants running well and minimal downtime.
Fertilizer Segment EBITDA Improvement
Adjusted EBITDA in the Fertilizer segment was $78 million in Q1 2026 versus $53 million in Q1 2025, an increase of approximately 47% driven by high ammonia utilization and tight market fundamentals.
Dividend Reinstated
Company announced a Q1 2026 dividend of $0.10 per share and indicated the dividend is not intended to be variable, signaling capacity for capital returns alongside deleveraging.
Strong Liquidity Position
Consolidated cash balance of $512 million at quarter end and total liquidity (excluding CVR Partners) of approximately $923 million (comprised of $384 million cash and $539 million ABL availability).
Adjusted Consolidated Performance (Excluding Significant Items)
Excluding unrealized derivative losses, RFS liability changes, and inventory valuation impacts, adjusted consolidated EBITDA was $37 million and adjusted loss per share was $1.24.
Improved Unit Costs in Petroleum
Direct operating expenses in the Petroleum segment decreased to $6.10 per barrel in Q1 2026 from $8.58 per barrel in Q1 2025, a decline of ~29%, primarily due to higher throughput (Coffeyville turnaround in 2025).
Positive Market Dynamics and Pricing
Group 3 2-1-1 benchmark cracks averaged $21.58/bbl in Q1 2026 (up ~22% from $17.65/bbl in Q1 2025). Quarter-to-date Q2 cracks averaged $38.36/bbl. Prompt fertilizer prices cited at $950/ton (ammonia) and $525/ton (UAN).
Cash Generation from Fertilizer and Distribution Received
Cash flow from operations was $64 million and free cash flow was $21 million in Q1; approximately $63 million of the quarter's free cash flow was generated by the Fertilizer segment. CVR Partners declared a $4.00/unit distribution for Q1, yielding about $16 million to CVR Energy (37% ownership).
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
CVI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $34.13 | $33.14 | -2.90% |
Feb 18, 2026 | $22.36 | $21.59 | -3.44% |
Oct 29, 2025 | $39.18 | $37.10 | -5.31% |
Jul 30, 2025 | $28.27 | $26.78 | -5.27% |
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.
FAQ
When does Cvr Energy Inc. (CVI) report earnings?
Cvr Energy Inc. (CVI) is schdueled to report earning on Aug 03, 2026, After Close (Confirmed).
What is Cvr Energy Inc. (CVI) earnings time?
Cvr Energy Inc. (CVI) earnings time is at Aug 03, 2026, After Close (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 2026 (Q2) is 0.8.
