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Dec 31, 2019
CVR Energy Q4 2019 Earnings Report
CVR Energy reported solid full-year and fourth quarter results, driven by continuous improvement in environmental, health and safety. The petroleum business posted increased earnings year-over-year, and CVR Partners achieved year-over-year increases in net income and EBITDA.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
The table below summarizes our outlook for certain refining statistics and financial information for the first quarter of 2020.
Positive Outlook
- Ammonia utilization rates (1)Consolidated between 95% and 100%
- Ammonia utilization rates (1)Coffeyville between 95% and 100%
- Ammonia utilization rates (1)East Dubuque between 95% and 100%
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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