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Mar 31, 2020
CVR Energy Q1 2020 Earnings Report
CVR Energy's Q1 2020 results were negatively impacted by the global crude oil price war, lower throughput volumes due to the planned turnaround at the Coffeyville refinery, and unprecedented refined product demand destruction caused by COVID-19.
Key Takeaways
CVR Energy reported a net loss of $87 million, or 87 cents per diluted share, on net sales of $1.1 billion for the first quarter of 2020, compared to net income of $101 million, or $1.00 per diluted share, on net sales of $1.5 billion for the first quarter of 2019. The Board of Directors has reduced the first quarter dividend to 40 cents per share.
Net loss of $87 million, or 87 cents per diluted share.
Net sales of $1.1 billion.
First quarter 2020 EBITDA was a negative $38 million.
First quarter dividend reduced to 40 cents per share.
Revenue by Segment
Forward Guidance
The table summarizes the outlook for certain operational statistics and financial information for the second quarter of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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