Loading...
•
Mar 31, 2025
CVR Energy Q1 2025 Earnings Report
Reports First Quarter 2025 Results
Key Takeaways
CVR Energy reported a net loss of $105 million for the first quarter of 2025, a decrease from the net income of $90 million in the same period last year. This was primarily driven by a net loss of $160 million in the Petroleum Segment, impacted by planned and unplanned downtime at the Coffeyville refinery. The Nitrogen Fertilizer Segment saw improved net income and EBITDA, while the newly reported Renewables Segment also showed positive net income and EBITDA.
Net loss attributable to CVR Energy stockholders was $123 million, or $1.22 per diluted share, compared to net income of $82 million, or $0.81 per diluted share, in Q1 2024.
Adjusted loss per diluted share was $0.58, compared to adjusted earnings per diluted share of $0.04 in Q1 2024.
Consolidated net loss was $105 million, a significant decrease from net income of $90 million in Q1 2024.
The company will not pay a cash dividend for the first quarter of 2025.
Revenue by Segment
Forward Guidance
For the second quarter of 2025, CVR Energy anticipates increased petroleum total throughput and crude utilization compared to Q1 2025, as well as higher renewables total throughput and utilization. Ammonia utilization rate for the Nitrogen Fertilizer segment is expected to remain strong.
Positive Outlook
- Petroleum total throughput is expected to increase to between 160,000 and 180,000 bpd in Q2 2025.
- Petroleum crude utilization is projected to be between 82% and 90% in Q2 2025.
- Renewables total throughput is expected to increase to between 16 million and 20 million gallons in Q2 2025.
- Renewables utilization rate is projected to be between 70% and 87% in Q2 2025.
- Ammonia utilization rate for the Nitrogen Fertilizer segment is expected to be between 93% and 97% in Q2 2025.
Challenges Ahead
- Direct operating expenses for the Petroleum segment are estimated to be between $105 million and $115 million in Q2 2025.
- Turnaround expenses for the Petroleum segment are estimated to be between $15 million and $20 million in Q2 2025.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...