CVI Stock Recent News
CVI LATEST HEADLINES
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.
“Special” dividends fly right under Wall Street's radar. Which is great for contrarian income seekers like us.
CVR (CVI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
MCS, AL, AEM, INTZ and CVI have been added to the Zacks Rank #1 (Strong Buy) List on May 2, 2023.
CVI, AEM and MCS made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 2, 2023.