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Jun 30, 2022
CVR Energy Q2 2022 Earnings Report
CVR Energy's financial performance significantly improved, driven by higher diesel crack spreads and nitrogen-based fertilizer pricing.
Key Takeaways
CVR Energy reported a net income of $165 million, or $1.64 per diluted share, on net sales of $3.1 billion for the second quarter of 2022. This compares to a net loss of $6 million, or 6 cents per diluted share, on net sales of $1.8 billion for the second quarter of 2021. The company also announced a cash dividend of 40 cents per share and a special dividend of $2.60 per share.
Net income reached $165 million, or $1.64 per diluted share.
Net sales amounted to $3.1 billion.
EBITDA was $401 million for the quarter.
A cash dividend of 40 cents per share and a special dividend of $2.60 per share were announced.
Revenue by Segment
Forward Guidance
The table below summarizes our outlook for certain operational statistics and financial information for the third quarter of 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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