CVR Energy, Inc. announced fourth quarter 2019 net income of $44 million, or 44 cents per diluted share, on net sales of $1.6 billion, compared to net income of $73 million, or 73 cents per diluted share, on net sales of $1.7 billion for the fourth quarter of 2018.
CVR Energy delivered solid 2019 full-year and fourth quarter results.
The petroleum business again posted increased earnings year-over-year, driven by higher throughput rates, increased capture rates and higher refining margins despite lower crack spreads.
CVR Partners achieved year-over-year increases in net income and EBITDA and benefited from higher fertilizer sales volumes and stronger product pricing in 2019.
CVR Energy announced a fourth quarter 2019 cash dividend of 80 cents per share.
The table below summarizes our outlook for certain refining statistics and financial information for the first quarter of 2020.
Visualization of income flow from segment revenue to net income
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