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Dec 31, 2020
CVR Energy Q4 2020 Earnings Report
CVR Energy experienced a net loss impacted by the COVID-19 pandemic. The company exceeded its target for operating expense reduction and safely deferred turnarounds.
Key Takeaways
CVR Energy reported a net loss of $67 million for the fourth quarter of 2020, compared to a net income of $44 million for the same period in 2019. Net sales were $1.1 billion, down from $1.6 billion in the prior year. The results were negatively impacted by the COVID-19 pandemic.
Reported a net loss of $67 million in Q4 2020, compared to a net income of $44 million in Q4 2019.
Net sales decreased to $1.1 billion from $1.6 billion in the same quarter of the previous year.
Exceeded the targeted $50 million annual reduction in operating and SG&A expenses.
CVR Partners achieved record ammonia production for the year.
Revenue by Segment
Forward Guidance
The table below summarizes our outlook for certain refining statistics and financial information for the first quarter of 2021. See “Forward-Looking Statements” above.
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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