CVR Energy Inc (CVI) saw its stock price plummet 8.01% in after-hours trading on Wednesday, following the release of its disappointing second-quarter 2025 financial results. The company reported a significant net loss and missed earnings estimates, overshadowing its better-than-expected sales figures.

The energy company posted a net loss attributable to stockholders of $114 million for Q2 2025, a stark contrast to the $21 million net income reported in the same period last year. The adjusted earnings per share (EPS) came in at a loss of $0.23, falling well short of analysts' estimates of a $0.05 loss. This represents a substantial 355.56% decrease from the $0.09 EPS reported in Q2 2024. Despite the earnings miss, CVR Energy's quarterly sales of $1.761 billion surpassed the analyst consensus estimate of $1.689 billion.

Several factors contributed to the poor quarterly performance, including an $89 million unfavorable mark-to-market impact on the company's Renewable Fuel Standard obligation and reduced throughput volumes following a planned turnaround at the Coffeyville refinery. In addition to the financial results, CVR Energy announced significant leadership changes, with Dave Lamp set to retire as President and CEO. Mark Pytosh will assume these roles on January 1, 2026, and Brett Icahn will join the Board of Directors effective August 1, 2025. These developments, combined with the weak financial performance, likely fueled investor concerns and contributed to the sharp after-hours decline.