CVI Stock Recent News
CVI LATEST HEADLINES
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
CVR Energy, Inc. (NYSE:CVI ) Q2 2024 Earnings Conference Call July 30, 2024 1:00 PM ET Company Participants Richard Roberts - Vice President, FP&A and IR Dave Lamp - Chief Executive Officer Dane Neumann - Chief Financial Officer Conference Call Participants John Royall - JPMorgan Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Matthew Blair - Tudor, Pickering Operator Greetings. And welcome to the CVR Energy Second Quarter 2024 Conference Call.
The chief executive of U.S. oil refiner CVR Energy on Tuesday said the Sugar Land, Texas, company is exploring strategic transactions in refining.
CVR Energy (CVI) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.30 per share. This compares to earnings of $1.64 per share a year ago.
SUGAR LAND, Texas, July 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced net income attributable to CVR Energy stockholders of $21 million, or 21 cents per diluted share, and EBITDA of $103 million for the second quarter of 2024, compared to net income attributable to CVR Energy stockholders of $130 million, or $1.29 per diluted share, and EBITDA of $300 million for the second quarter of 2023. Excluding the adjustments shown in the corresponding earnings release tables, adjusted earnings per diluted share for the second quarter of 2024 was 9 cents and adjusted EBITDA was $87 million, compared to adjusted earnings per diluted share of $1.64 and adjusted EBITDA of $347 million in the second quarter of 2023.
CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SUGAR LAND, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2024 earnings results on Monday, July 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, July 30, at 1 p.m. Eastern to discuss these results.
When it comes down to it, it's better to trust analyst consensus rather than to always go the contrarian route. These experts know what they're talking about.
CVR Energy shares have only gained 6% in the past year and have lost 30% in the past quarter amid concerns about crack spreads. Recent financial results were mixed, with lower crack spreads impacting earnings, but CVI remains strongly cash generative. The refining macro has deteriorated, but may be bottoming out, with the potential for a rebound in crack spreads and demand.