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CVR Energy
(NYSE:CVI)
CVR Energy (CVI) vs. SPDR S&P 500 ETF (SPY)
CVR Energy Business Overview & Revenue Model
CVR Energy Earnings Call Summary
CVR Energy Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.16B | 7.61B | 9.25B | 10.90B | 7.24B |
| Gross Profit | 299.00M | 197.00M | 1.27B | 1.12B | 209.00M |
| EBITDA | 550.00M | 394.00M | 1.44B | 1.17B | 462.00M |
| Net Income | 27.00M | 7.00M | 769.00M | 463.00M | 25.00M |
Balance Sheet | |||||
| Total Assets | 3.79B | 4.26B | 4.71B | 4.12B | 3.91B |
| Cash, Cash Equivalents and Short-Term Investments | 511.00M | 987.00M | 581.00M | 510.00M | 510.00M |
| Total Debt | 1.83B | 1.94B | 2.20B | 1.61B | 1.67B |
| Total Liabilities | 2.90B | 3.38B | 3.67B | 3.33B | 3.14B |
| Stockholders Equity | 730.00M | 703.00M | 847.00M | 531.00M | 553.00M |
Cash Flow | |||||
| Free Cash Flow | -41.00M | 172.00M | 686.00M | 693.00M | 147.00M |
| Operating Cash Flow | 144.00M | 404.00M | 948.00M | 967.00M | 396.00M |
| Investing Cash Flow | -362.00M | -121.00M | -239.00M | -271.00M | -238.00M |
| Financing Cash Flow | -258.00M | -482.00M | -40.00M | -696.00M | -315.00M |
CVR Energy Technical Analysis
CVR Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $9.13B | 15.97 | 6.19% | 4.26% | -9.55% | 27.65% | |
67 Neutral | $9.46B | 27.08 | 5.60% | 6.88% | -5.18% | -33.14% | |
67 Neutral | $2.06B | 8.63 | 17.81% | ― | -10.11% | -7.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | $4.10B | -23.95 | -2.92% | 4.14% | -15.35% | -81.94% | |
47 Neutral | $2.18B | 80.83 | 3.77% | 10.50% | -7.21% | 135.72% | |
45 Neutral | $2.04B | -4.16 | -115.95% | 3.42% | -22.37% | -27.22% |
CVR Energy Corporate Events
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.
On February 12, 2026, CVR Energy, Inc. issued $600 million of 7.500% Senior Notes due 2031 and $400 million of 7.875% Senior Notes due 2034 in a private offering, with the notes guaranteed on a senior unsecured basis by most of its domestic subsidiaries and featuring standard redemption options and change-of-control protections. The indenture includes restrictive covenants that limit additional indebtedness, liens, asset sales, dividends and certain affiliate transactions, signaling a structured approach to leverage and creditor protection that may influence the company’s future capital allocation.
Also on February 12, 2026, CVR subsidiaries amended their Amended and Restated ABL Credit Agreement, extending the maturity of the senior secured asset-based revolving credit facility from June 2027 to February 2031 and increasing total commitments from $345 million to $550 million, with potential expansion to $700 million. The amendment adjusts interest mechanics, broadens the borrowing base, and adds flexibility on restricted payments, collectively enhancing the company’s liquidity profile and financial flexibility while maintaining customary covenants and coverage tests for lenders.
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.
On January 29, 2026, CVR Energy, Inc. announced plans, subject to market conditions, to issue $1 billion of senior unsecured notes in a private placement, with tranches maturing in 2031 and 2034, which are expected to be guaranteed on a senior unsecured basis by certain domestic subsidiaries including those tied to its existing asset-based revolving credit facility. The company intends to use the net proceeds, together with cash on hand or borrowings under that facility, to repay its senior secured term loan and redeem all of its 8.500% senior notes due 2029 and $217 million of its 5.750% senior notes due 2028, a move that would significantly reshape its debt profile and potentially enhance financial flexibility, although completion of the offering remains uncertain and the notes will be sold only to qualified institutional and certain non-U.S. investors under securities law exemptions.
The most recent analyst rating on (CVI) stock is a Sell with a $25.00 price target. To see the full list of analyst forecasts on CVR Energy stock, see the CVI Stock Forecast page.
On January 26, 2026, CVR Energy reported preliminary estimates showing a consolidated net loss attributable to stockholders for the fourth quarter of 2025, driven mainly by accelerated depreciation tied to reverting the Wynnewood renewable diesel unit back to hydrocarbon processing and by lower nitrogen fertilizer production and sales caused by a planned turnaround and delayed restart at the Coffeyville plant. For the quarter ended December 31, 2025, net loss is projected between $110 million and $125 million, while full-year 2025 net income is estimated between $81 million and $96 million, with adjusted EBITDA for the year expected in the $380 million to $404 million range, total refining throughput averaging 180,000 to 183,000 barrels per day, and ammonia utilization at 87% to 89%, indicating that despite the quarterly setback, the company maintains solid annual profitability, stable liquidity with $500 million to $520 million in cash, and anticipates operational benefits from returning Wynnewood’s hydrocracker to hydrocarbon service and from having no planned 2026 turnarounds in its petroleum segment.
The most recent analyst rating on (CVI) stock is a Sell with a $25.00 price target. To see the full list of analyst forecasts on CVR Energy stock, see the CVI Stock Forecast page.
On December 31, 2025, subsidiaries of CVR Energy prepaid $75 million of principal on the company’s senior secured term loan facility, cutting the outstanding balance to about $165 million and marking repayment of half the loan issued in December 2024 as part of its deleveraging strategy. On January 5, 2026, the company also outlined a 2026 consolidated capital expenditure plan of $200 million to $240 million, with most spending directed to maintenance and selective growth projects in the Petroleum segment and $60 million to $75 million earmarked for the Nitrogen Fertilizer segment, while renewables-related capex is expected to be minimal following the December 2025 reversion of its renewable diesel unit to hydrocarbon service, underscoring a focus on balance-sheet strengthening and core hydrocarbon operations.
The most recent analyst rating on (CVI) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on CVR Energy stock, see the CVI Stock Forecast page.
On December 23, 2025, CVR Energy, Inc.’s board appointed Mark A. Pytosh, a long-time executive within the CVR group, as President and Chief Executive Officer effective January 1, 2026, succeeding David L. Lamp, who will step down from those roles as of December 31, 2025. Pytosh, 60, who has served as the Company’s Executive Vice President – Corporate Services since 2018 and as President and CEO of the general partner of CVR Partners, LP since 2014, will retain his leadership and board roles at CVR Partners while assuming the top executive position and a new directorship at CVR Energy, as the board expands from nine to ten members; he will not receive additional board compensation while employed, and the company disclosed that there are no related-party transactions, pre-arranged selection understandings, or family relationships influencing his appointment, underscoring a continuity-focused but formally independent leadership transition.
The most recent analyst rating on (CVI) stock is a Sell with a $28.00 price target. To see the full list of analyst forecasts on CVR Energy stock, see the CVI Stock Forecast page.
On November 20, 2025, CVR Energy, Inc. will begin using a new Investor Presentation in meetings with investors and analysts. This presentation, which includes forward-looking statements, will be available on the company’s website. The company emphasizes that the information provided is not intended to be material or complete for investment decisions, and it will not be subject to liability under the Securities and Exchange Act of 1934.
The most recent analyst rating on (CVI) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on CVR Energy stock, see the CVI Stock Forecast page.