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AI brief of an SEC Form 8-K · CVR Energy (CVI)

CVR Energy Q4 net income falls to $28 million, or 28 cents a share, from 91 cents

Negative Impact 4 of 5 earnings Written later

CVR Energy reported fourth-quarter 2024 net income attributable to stockholders of $28 million, or 28 cents per diluted share, down from $91 million, or 91 cents, a year earlier. Adjusted results moved to a loss of 13 cents per share from adjusted earnings of 65 cents, and full-year net income attributable fell to $7 million, or 6 cents per share, from $769 million, or $7.65. The company attributed the refining decline mainly to lower crack spreads and, to a lesser degree, lower throughput.

Key points

  • Fourth-quarter 2024 net sales were $1.947 billion, compared with $2.202 billion in the fourth quarter of 2023.
  • Full-year 2024 net income attributable to CVR Energy stockholders was $7 million, or 6 cents per share, versus $769 million, or $7.65 per share, in 2023.
  • Petroleum Segment adjusted EBITDA was $9 million in the fourth quarter of 2024, compared with $152 million a year earlier; adjusted refining margin was $6.45 per barrel versus $12.91.
  • The company raised $408 million in the fourth quarter of 2024 through a Term Loan and the sale of its 50% interest in Midway Pipeline, and ended 2024 with $987 million in cash.

The filing

CompanyCVR Energy (CVI)
Form8-K, current report
Filed with the SECFeb 18, 2025, 5:06 PM ET
Accession number0001376139-25-000006

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.