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.
The table below summarizes our outlook for certain refining statistics and financial information for the first quarter of 2021. See “Forward-Looking Statements” above.
Visualization of income flow from segment revenue to net income
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