SUGAR LAND, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2024 earnings results on Monday, July 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, July 30, at 1 p.m. Eastern to discuss these results. CVR Energy's second quarter 2024 earnings news release will be distributed via GlobeNewswire and posted at www.CVREnergy.com. Headquartered in Sugar Land, Texas, CVR Energy is a d ...

Source: viewimage / Shutterstock Sure, the economic situation might not be that good under a second Trump administration. However, "The Donald" will be eager to boost national activity. Therefore, SCCO is one of the sell-rated stocks that could swing higher. Since the start of the year, CVI fell 21%. Interestingly, in the past four quarters, CVR's average EPS came out to $1.06. This beat the consensus view of 92 cents. However, the company suffered a big hit in Q1 2024, raising concerns for investors. Per T ...

Core Viewpoint - CVR Energy provides an operational and financial outlook for its Petroleum and Renewables businesses for Q2 2024, following a fire incident at the Wynnewood Refinery, which is not expected to materially impact the company's financial position [1]. Operational Statistics and Financial Information - Total throughput for Petroleum is projected between 170,000 and 190,000 barrels per day (bpd) [5]. - Direct operating expenses for Petroleum are estimated to be between $105 million and $115 million [5]. - Turnaround expenses for Petroleum are expected to range from $5 million to $10 million [5]. - Total throughput for Renewables is anticipated to be between 7 million and 10 million gallons [5]. - Direct operating expenses for Renewables are projected to be between $8 million and $12 million [5]. - Capital expenditures for Petroleum are estimated to be between $35 million and $50 million, while for Renewables, they are expected to be between $3 million and $6 million [5]. Incident Impact Assessment - The fire at the Wynnewood Refinery caused limited damage, primarily affecting pipe racks and pumps in the naphtha processing units, but operations at the Coffeyville Refinery were not impacted [1]. - The company has restarted one crude unit, the fluid catalytic cracker, and the alkylation unit, with a reformer in the process of starting up [1]. - Management expects operations to return to normal by the end of Q2 2024 [1].

Investors might want to bet on CVR Energy (CVI) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these ...

CVR Energy, Inc. (NYSE:CVI) Q1 2024 Earnings Conference Call April 30, 2024 1:00 PM ET Company Participants Richard Roberts - VP, Financial Planning and Analysis, and IR David Lamp - CEO Dane Neumann - CFO Conference Call Participants Manav Gupta - UBS Matthew Blair - Tudor, Pickering, Holt John Royall - JPMorgan Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Operator Greetings, and welcome to the CVR Energy First Quarter 2024 Conference Call. [Operator Instructions] As a reminder, this conference is be ...

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number: 001-33492 CVR ENERGY, INC. (Exact name of registrant as specified in its charter) 2277 Plaza Drive, Suite 500, Sugar Land, Texas 77479 (Addre ...

The energy industry is undergoing a seismic shift in response to climate change concerns and the sustainability of fossil fuels. Although most, if not all, energy stocks are affected, these energy stocks to avoid also have other issues.As the world moves toward cleaner energy sources, the demand for fossil fuels is expected to decrease over time. This could lead to reduced revenues and profits for companies heavily reliant on traditional energy sources.Energy companies perceived as contributing to environme ...

CVR Energy Reports First Quarter 2024 Results and Announces a Cash Dividend of 50 cents "CVR Energy achieved solid results for the 2024 first quarter driven by lower RINs' expense and higher crude oil and refined product prices, offset by lower refining margins and reduced throughput related to the Wynnewood refinery's planned turnaround," said Dave Lamp, CVR Energy's Chief Executive Officer. "CVR Energy also was pleased to announce a regular first quarter 2024 cash dividend of 50 cents per share, part of o ...

SUGAR LAND, Texas, April 29, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced net income attributable to CVR Energy stockholders of $82 million, or $0.81 per diluted share, on net sales of $1.9 billion for the first quarter of 2024, compared to net income attributable to CVR Energy stockholders of $195 million, or $1.94 per diluted share, on net sales of $2.3 billion for the first quarter of 2023. Adjusted earnings for the first quarter of 2024 was 4 cents ...