Overview

• Diversified holding company's Q4 revenue beat analyst expectations

• Company completed reversion of Renewable Diesel Unit to hydrocarbon processing

Outlook

• CVR Energy expects Q1 2026 petroleum throughput between 200,000 and 215,000 bpd

• Company anticipates Q1 2026 ammonia utilization rate between 95% and 100%

• CVR Energy forecasts Q1 2026 capital expenditures between $56 mln and $68 mln

Result Drivers

• THROUGHPUT VOLUMES - Strong throughput volumes in refining operations contributed to Q4 results, according to CEO Mark Pytosh

• RDU REVERSION - Reversion of Renewable Diesel Unit to hydrocarbon processing resulted in $62 mln accelerated depreciation, impacting net loss

• NITROGEN FERTILIZER TURNAROUND - Planned turnaround and startup issues at Coffeyville facility affected nitrogen fertilizer segment results

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 5 "sell" or "strong sell"

• The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

• Wall Street's median 12-month price target for CVR Energy Inc is $26.50, about 17.7% above its February 17 closing price of $22.52

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release: ID:nBw6slhZZa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)