CVR Energy (CVI) AI Stock Analysis

• Market Cap: $2.84B
• Dividend Yield: 9.33%
• Average Volume (3M): 1.57M
• Price to Earnings (P/E): 268.8
• Beta (1Y): 1.24
• Revenue Growth: -15.98%
• EPS Growth: -160.88%
• Country: US
• Employees: 1,595
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -0.23
• Shares Outstanding: 100,530,600
• 10 Day Avg. Volume: 2,023,802
• 30 Day Avg. Volume: 1,573,965
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.48
• Enterprise Value/Revenue: 0.58
• Enterprise Value/Gross Profit: -24.15
• Enterprise Value/Ebitda: 1.40K
• 1Y Price Target: $26.00
• Price Target Upside: -12.10% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 3

• Rating: 49 Neutral
• Price Target: $27.00 ▼(-8.72% Downside)

CVR Energy's overall stock score reflects significant financial challenges, with declining revenues and high leverage being the most impactful factors. The technical analysis and valuation provide some support, but the negative sentiment from the earnings call and corporate events further weigh down the score.

Positive Factors

Fertilizer Segment

The Fertilizer segment is expected to see sequentially higher EBITDA due to seasonal strength in ammonia.

Financial Performance

CVI posted a beat against lowered expectations for the fourth quarter, with particularly strong results in the Renewables segment.

Liquidity

CVI added approximately $400 million in liquidity with the recent sale of its 50% interest in Midway Pipeline and a new $325 million term loan.

Negative Factors

Dividend Reinstatement

Management needs to get past the turnarounds and weak refining outlook to reinstate the dividend, which is a key overhang on the stock.

Earnings

The large turnaround at Coffeyville will keep results subdued in the short term.

Refining Outlook

A more front-loaded impact of the Coffeyville turnaround suggests a lower refining volume outlook combined with higher capital expenditures.

CVR Energy Business Overview & Revenue Model

Company Description

CVR Energy, Inc., together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It also owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN). It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. The company was founded in 1906 and is headquartered in Sugar Land, Texas. CVR Energy, Inc. is a subsidiary of Icahn Enterprises L.P.

How the Company Makes Money

CVR Energy generates revenue primarily through the refining of crude oil, where it converts raw materials into various refined products that are sold to distributors, retailers, and other customers. The refining segment is the largest contributor to the company's income, with profits largely driven by the crack spread, which is the difference between the cost of crude oil and the selling price of refined products. Additionally, CVR Partners generates revenue through the production and sale of nitrogen fertilizers, which are essential for agricultural applications. The company benefits from strategic partnerships, including those related to its fertilizer production, and it leverages its infrastructure and logistics capabilities to optimize operations and minimize costs, enhancing overall profitability.

CVR Energy Financial Statement Overview

Summary

CVR Energy faces financial headwinds, with declining revenues and profitability pressures reflected in the negative income metrics. The high debt levels and negative free cash flow suggest potential liquidity issues. Improving operational efficiency and revenue growth are critical for financial health.

Income Statement

The income statement shows a challenging period with negative gross profit and net income in the TTM (Trailing-Twelve-Months). Revenue has declined significantly from previous years, and margins are under pressure. The company needs to address these profitability issues to improve its financial standing.

Balance Sheet

The balance sheet indicates high leverage with a debt-to-equity ratio of 3.29 in TTM, reflecting potential financial risk. However, the company maintains a reasonable level of cash and cash equivalents, which provides some liquidity cushion. The equity ratio is weak, indicating limited equity financing stability.

Cash Flow

The cash flow statement reflects declining free cash flow and a negative free cash flow in the TTM, signaling potential liquidity challenges. The operating cash flow covers net income, but the decrease in free cash flow growth rate is a concern, as it limits investment capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.19B	7.61B	9.25B	10.90B	7.24B	3.93B
Gross Profit	-174.00M	197.00M	1.27B	1.41B	218.00M	87.00M
EBITDA	3.00M	394.00M	1.44B	1.26B	453.00M	-7.00M
Net Income	-332.00M	7.00M	769.00M	463.00M	25.00M	-256.00M
Balance Sheet
Total Assets	3.98B	4.26B	4.71B	4.12B	3.91B	3.98B
Cash, Cash Equivalents and Short-Term Investments	596.00M	987.00M	581.00M	510.00M	510.00M	667.00M
Total Debt	1.85B	1.94B	2.20B	1.61B	1.67B	1.73B
Total Liabilities	3.32B	3.38B	3.67B	3.33B	3.14B	2.76B
Stockholders Equity	466.00M	703.00M	847.00M	531.00M	553.00M	1.02B
Cash Flow
Free Cash Flow	48.00M	172.00M	686.00M	693.00M	-159.00M	-193.00M
Operating Cash Flow	146.00M	404.00M	948.00M	967.00M	90.00M	90.00M
Investing Cash Flow	-259.00M	-121.00M	-239.00M	-271.00M	-238.00M	-423.00M
Financing Cash Flow	142.00M	-482.00M	-40.00M	-696.00M	-315.00M	355.00M

CVR Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVI, the sentiment is Positive. The current price of 29.58 is above the 20-day moving average (MA) of 26.91, above the 50-day MA of 28.00, and above the 200-day MA of 21.92, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 61.12 is Neutral, neither overbought nor oversold. The STOCH value of 80.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CVI.

CVR Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DINO	74 Outperform	$9.18B	35.13	-0.93%	4.07%	-14.58%	-107.50%
VLO	73 Outperform	$45.65B	61.00	3.07%	3.04%	-11.72%	-86.21%
Sector *	65 Neutral	$15.26B	7.31	3.02%	5.32%	4.27%	-62.52%
SUN	64 Neutral	$7.93B	25.45	6.62%	6.89%	-8.65%	-73.25%
DK	51 Neutral	$1.55B	―	-200.75%	3.97%	-29.94%	-723.41%
PBF	51 Neutral	$2.87B	―	-17.30%	4.43%	-18.73%	-236.79%
CVI	49 Neutral	$2.84B	268.82	-50.65%	9.33%	-15.98%	-160.88%

CVR Energy Corporate Events

CVR Energy Appoints Brett Icahn to Board

CVR Energy reported a net loss of $114 million for the second quarter of 2025, a significant decline from the $21 million net income in the same period of 2024. The company’s refining business was adversely affected by an $89 million unfavorable mark-to-market impact on its Renewable Fuel Standard obligation and reduced throughput volumes. Additionally, CVR Energy announced a leadership transition with Mark Pytosh set to become President and CEO in January 2026, following Dave Lamp’s retirement. Brett Icahn was appointed to the Board of Directors effective August 1, 2025.

CVR Energy Releases New Investor Presentation

On June 24, 2025, CVR Energy, Inc. will begin utilizing an Investor Presentation in meetings with investors and analysts. This presentation, which includes forward-looking statements, will be available on the company’s website. The release of this presentation is part of CVR Energy’s strategy to communicate its future plans and expectations, potentially impacting investor perceptions and market positioning.

CVR Energy Approves Amended Long-Term Incentive Plan

On June 5, 2025, CVR Energy, Inc. held its Annual Meeting of Stockholders, where the company’s amended long-term incentive plan was approved. This plan increases the number of shares reserved from 7,500,000 to 10,000,000 and extends the plan’s term until April 21, 2035. It also introduces new award agreements and clarifies conditions related to compensation recovery policies. Additionally, stockholders elected eight directors, approved executive compensation, and ratified Grant Thornton LLP as the independent auditor for 2025.