Financial Performance - Fourth quarter 2024 net income attributable to CVR Energy stockholders was $28 million, or 28 cents per diluted share, down from $91 million, or 91 cents per diluted share in Q4 2023[1]. - Full-year 2024 net income attributable to CVR Energy stockholders was $7 million, or 6 cents per diluted share, compared to $769 million, or $7.65 per diluted share in 2023[2]. - Net income for Q4 2024 was $40 million, a significant decrease from $97 million in Q4 2023[75]. - Petroleum net income for Q4 2024 was $35 million, a decrease from $158 million in Q4 2023, while the year-end net income was $70 million compared to $1,071 million in 2023[78]. - The Renewables Segment reported a net loss of $3 million in Q4 2024, an improvement from a loss of $30 million in Q4 2023, with year-end losses at $21 million compared to $36 million in 2023[81]. - Nitrogen Fertilizer Segment net income for Q4 2024 was $18 million, up from $10 million in Q4 2023, with year-end net income at $61 million compared to $172 million in 2023[85]. EBITDA and Adjusted EBITDA - Fourth quarter 2024 EBITDA was $122 million, a decrease from $204 million in Q4 2023; adjusted EBITDA was $67 million compared to $170 million in the same period[1]. - Full-year 2024 EBITDA was $394 million, down from $1.4 billion in 2023; adjusted EBITDA for the year was $317 million compared to $1.2 billion in 2023[2]. - Adjusted EBITDA for Q4 2024 was $67 million, a decrease of 60.7% from $170 million in Q4 2023[49]. - The Adjusted EBITDA for the Petroleum Segment in Q4 2024 was $9 million, significantly lower than $152 million in Q4 2023, with year-end Adjusted EBITDA at $138 million compared to $903 million in 2023[78]. - The Adjusted Renewables margin for Q4 2024 was $20 million, compared to a loss of $8 million in Q4 2023, with year-end Adjusted Renewables margin at $51 million versus $34 million in 2023[82]. - The Nitrogen Fertilizer EBITDA and Adjusted EBITDA for Q4 2024 was $50 million, an increase from $38 million in Q4 2023, with year-end EBITDA at $179 million compared to $281 million in 2023[85]. Revenue and Sales - Net sales for Q4 2024 were $1,947 million, a decrease of 11.6% from $2,202 million in Q4 2023[49]. - Total net sales for the year ended December 31, 2024, were $7,610 million, a decrease of 8% from $9,247 million in 2023[52]. - The petroleum segment's net sales for Q4 2024 were $1,755 million, a decrease of 12% from $1,997 million in Q4 2023[52]. - Net sales for the Petroleum Segment in Q4 2024 were $1,755 million, down from $1,997 million in Q4 2023, with year-end sales at $6,920 million compared to $8,287 million in 2023[80]. Operational Metrics - Combined total throughput for Q4 2024 was approximately 214,000 barrels per day, down from 223,000 bpd in Q4 2023[5]. - Total throughput for renewables increased to 278,557 gallons per day in Q4 2024, up 13.1% from 246,384 gallons per day in Q4 2023[62]. - The total throughput for the Petroleum Segment was 19,660,650 barrels in Q4 2024, down from 20,474,980 barrels in Q4 2023, with year-end throughput at 71,837,644 barrels compared to 75,999,905 barrels in 2023[80]. - The nitrogen segment reported an operating income of $26 million in Q4 2024, compared to a loss of $(31) million in Q4 2023[52]. Cash Flow and Capital Expenditures - Net cash flows from operating activities increased to $98 million in Q4 2024, compared to a cash outflow of $(36) million in Q4 2023[51]. - The company's free cash flow for the year ended December 31, 2024, was $181 million, down from $708 million in 2023[51]. - Capitalized expenditures for the years ended December 31, 2024 and 2023 were $58 million and $60 million, respectively[45]. - Total capital expenditures for the year ended December 31, 2024, were $181 million, compared to $197 million in 2023[52]. Debt and Assets - Total debt and finance lease obligations decreased to $1,919 million as of December 31, 2024, down from $2,185 million a year earlier[50]. - Cash and cash equivalents increased to $987 million as of December 31, 2024, compared to $581 million at the end of 2023[50]. - The company's total assets as of December 31, 2024, were $4,263 million, a decrease from $4,707 million in 2023[54]. Segment Performance - The Nitrogen Fertilizer Segment reported Q4 2024 net income of $18 million and EBITDA of $50 million, compared to net income of $10 million and EBITDA of $38 million in Q4 2023[17]. - Full-year 2024 net income for the Nitrogen Fertilizer Segment was $61 million, down from $172 million in 2023; EBITDA decreased to $179 million from $281 million[20]. - The Renewables Segment reported a fourth quarter 2024 net loss of $3 million, an improvement from a net loss of $30 million in Q4 2023; adjusted EBITDA was $9 million compared to a loss of $17 million[11]. Future Outlook - The next planned turnaround at the Coffeyville Refinery is set to commence in January 2025[45]. - The outlook for Q1 2025 projects total throughput for renewables to be between 13 million and 16 million gallons[72].

Reported full-year 2024 net income attributable to CVR Energy stockholders of $7 million and EBITDA of $394 million.Paid cumulative cash dividends attributable to 2024 of $1.00 per share.Enhanced liquidity by $408 million in the fourth quarter of 2024 through a Term Loan and the sale of our 50 percent interest in Midway Pipeline. SUGAR LAND, Tx, Feb. 18, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced fourth quarter 2024 net income attributable to CVR En ...

Wall Street expects a year-over-year decline in earnings on lower revenues when CVR Energy (CVI) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 18, 2025, might help the stock move higher if these key numbers are better than exp ...

SUGAR LAND, Texas, Feb. 04, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2024 earnings results on Tuesday, Feb. 18, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, Feb. 19, at 1 p.m. Eastern to discuss these results. This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at w ...

Company Operations - CVR Energy has initiated a planned turnaround at its Coffeyville, Kansas refinery following damage to the Naphtha Hydrotreater caused by freezing weather conditions on January 21, 2025 [1] - The company plans to provide further updates on the turnaround during its next earnings conference call [1] Business Overview - CVR Energy is a diversified holding company headquartered in Sugar Land, Texas, primarily engaged in renewables, petroleum refining, marketing, and nitrogen fertilizer manufacturing through its interest in CVR Partners [3] - The company's subsidiaries serve as the general partner and own 37 percent of the common units of CVR Partners [3] Investor Communication - CVR Energy may announce material information through SEC filings, press releases, public conference calls, webcasts, and its Investor Relations website [4] - The company encourages stakeholders to review information posted on its website as it could be deemed material [4]

Offer Details - Icahn Enterprises L P (IEP) and Icahn Enterprises Holdings L P (IEH) extended the expiration time of their cash tender offer for up to 17 753 322 shares of CVR Energy Inc s common stock from January 6 2025 to January 8 2025 at a price of $18 25 per share [1] - The terms and conditions of the offer remain unchanged and there are no plans to further extend the offer increase the price or change any terms [1] - As of January 6 2025 approximately 960 479 shares have been tendered including 700 244 shares tendered by guaranteed delivery with the number of shares tendered subject to significant change before expiration [3] Offer Documentation - The full terms and conditions of the offer are detailed in the Offer to Purchase dated December 6 2024 and related materials filed with the SEC and distributed to CVR Energy s stockholders [2] - Stockholders are advised to carefully read the Offer to Purchase and other offer documents before making any decisions regarding the tender offer [4] Company Information - CVR Energy is a diversified holding company based in Sugar Land Texas primarily engaged in renewables petroleum refining and marketing and nitrogen fertilizer manufacturing through its interest in CVR Partners LP [6] - IEP is a diversified holding company with subsidiaries engaged in various industries including Investment Energy Automotive Food Packaging Real Estate Home Fashion and Pharma [7] - IEH is a Delaware limited partnership with IEP owning a 99 limited partner interest in IEH both indirectly controlled by Carl C Icahn [7] Offer Materials Availability - D F King & Co Inc serves as the Information Agent for the offer and provides free copies of the Offer to Purchase Letter of Transmittal and related materials available via toll-free number email or the SEC s website [5] - CVR Energy s public filings including annual reports on Form 10-K quarterly reports on Form 10-Q and current reports on Form 8-K are also available for free on the SEC s website [5]

CVR Energy, Inc. Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Richard Roberts - Financial Planning & Analysis & Investor Relations Dave Lamp - Chief Executive Officer Dane Neumann - Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs Matthew Blair - Tudor, Pickering John Royall - JPMorgan Manav Gupta - UBS Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy Third Quarter 2024 Conference Call. At this time, all participant ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33492 CVR ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 61-1512186 (State ...

CVR Energy (CVI) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -284.62%. A quarter ago, it was expected that this diversified holding company would post a loss of $0.30 per share when it actually produced earnings of $0.09, delivering a surprise of 130%. Over the last four quarters, the ...

Exhibit 99.1 CVR Energy Reports Third Quarter 2024 Results • Third quarter net loss attributable to CVR Energy stockholders of $124 million; EBITDA loss of $35 million; adjusted EBITDA of $63 million • Third quarter loss per diluted share of $1.24 and adjusted loss per diluted share of 50 cents • CVR Energy will not pay a cash dividend for the third quarter of 2024 • CVR Partners announced a cash distribution of $1.19 per common unit SUGAR LAND, Texas (October 28, 2024) – CVR Energy, Inc. (NYSE: CVI, "CVR E ...