CVR Energy posts wider Q1 net loss of $192 million even as sales and adjusted EBITDA rise
CVR Energy reported a first quarter 2026 net loss attributable to stockholders of $192 million, or $1.91 per diluted share, up from a $123 million loss a year earlier, while net sales rose to $1.98 billion and adjusted EBITDA rose to $37 million. The company also declared a 10-cent quarterly dividend and said NYMEX crack spread swap sales it made in the quarter carry $447 million of locked-in value expected to be realized through 2027.
Key points
- Net loss attributable to CVR Energy stockholders was $192 million, or $1.91 per diluted share, versus $123 million, or $1.22 per share, in the first quarter of 2025.
- Net sales were $1,980 million versus $1,646 million, and adjusted EBITDA was $37 million versus $24 million.
- The net loss includes $158 million in unrealized derivative losses; the company cites $447 million of locked-in value from swap sales, expected to be realized through 2027.
- The 10-cent cash dividend is payable May 18, 2026, to stockholders of record as of May 11, 2026.
The filing
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 April 29, 2026.
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.