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Sep 30, 2022
CVR Energy Q3 2022 Earnings Report
CVR Energy reported net income of $93 million for Q3 2022.
Key Takeaways
CVR Energy reported a net income of $93 million on net sales of $2.7 billion for the third quarter of 2022. The company's industry-leading distillate yield drove strong results, enabling them to return value to stockholders through a regular dividend of 40 cents and a special dividend of $1.00 per share. Results were negatively affected by crude oil backwardation and high Renewable Identification Number costs.
Net income for Q3 2022 was $93 million, or 92 cents per diluted share.
Net sales for Q3 2022 reached $2.7 billion.
Adjusted earnings for Q3 2022 was $1.90 per diluted share.
The Board of Directors approved a special dividend of $1.00 per share.
Revenue by Segment
Forward Guidance
The table below summarizes our outlook for certain operational statistics and financial information for the fourth 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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