If you are looking for high-yield dividend stocks that can beat the market, you might want to check out these three companies. They all have dividend yields above the 10% mark and have delivered market-beating returns for shareholders. Here is a brief overview touching on the pros and cons of each stock.These high-yield dividend stocks are crushing the market1. Frontline plc (FRO 1.22%), one of the world's leading oil tanker operators, prides itself on having one of the industry's largest and most contempor ...

CVR Energy, Inc. (NYSE:CVI) Q4 2023 Earnings Conference Call February 21, 2024 1:00 PM ET Company Participants Richard Roberts - Vice President, Financial Planning and Analysis, and Investor Relations David Lamp - President and Chief Executive Officer Dane Neumann - Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs Matthew Blair - Tudor, Pickering, Holt & Co. John Royall - JPMorgan Chase & Co. Manav Gupta - UBS Group AG Paul Cheng - Scotiabank Operator Greetings, and welcome to ...

CVR Energy (CVI) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $1.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 160%. A quarter ago, it was expected that this diversified holding company would post earnings of $1.88 per share when it actually produced earnings of $1.89, delivering a surprise of 0.53%.Over the last four quarters, t ...

Reported full-year 2023 net income attributable to CVR Energy stockholders of $769 million and EBITDA of $1.4 billion. Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share.CVR Partners (NYSE:UAN) declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per common unit. SUGAR LAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- CVR ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 ______________________________________________ ...

SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, February 21, 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 webs ...

SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE:CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, February 21, 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 websi ...

Aliaksandr Yarmashchuk Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity. -- Carl Icahn If you follow the financial news at all you have probably heard of billionaire investor Carl Icahn. You may even know about him from his primary public investment vehicle, Icahn Enterprises L.P. (IEP), an industrial conglomerate that Icahn incorporated in 1987. From the company website: Icahn Enterprises L.P. is a diversified holding company engaged in seven primary bus ...

Financial Data and Key Metrics Changes - For Q3 2023, the company reported consolidated net income of $354 million and earnings per share of $3.51, with EBITDA of $530 million, driven by strong gas and diesel crack spreads and a decline in RIN prices [29][41] - Adjusted EBITDA for the quarter was $313 million, and adjusted earnings per share was $1.89, reflecting a reduction in RINs expense and favorable inventory valuation [41][42] - Direct operating expenses in the Petroleum segment decreased to $5.39 per barrel from $5.53 per barrel in Q3 2022, attributed to lower natural gas and electricity prices [42] Business Line Data and Key Metrics Changes - In the Petroleum segment, total throughput for Q3 2023 was approximately 212,000 barrels per day, with a light product yield of 98% on crude oil processed [32] - The Fertilizer segment achieved adjusted EBITDA of $32 million for Q3 2023, supported by strong production and reduced operating expenses despite declining nitrogen fertilizer prices [43] - The Renewable Diesel Unit processed nearly 24 million gallons of vegetable oil feedstock in Q3 2023, contributing positively to the overall results [35][62] Market Data and Key Metrics Changes - Benchmark crack spreads remained elevated, with Group 3 2-1-1 averaging $39.10 per barrel in Q3 2023 [33] - Gasoline inventories are in line with five-year averages, while distillate inventories are over 12% below the five-year average, indicating a tight market [55] - The company noted strong exports of gasoline and diesel, averaging over 2 million barrels per day in 2023 [55] Company Strategy and Development Direction - The company is focused on maximizing free cash flow and exploring opportunities to grow its Renewables business, including potential shifts in production from Renewable Diesel to sustainable aviation fuel [76] - Plans are in place to increase distillate yield from refineries by approximately 6,000 barrels per day over the next two to three years [58] - The company is also progressing on the construction of the pretreatment unit, expected to be mechanically complete in Q4 2023 [59] Management Comments on Operating Environment and Future Outlook - Management expressed caution regarding the near-term outlook due to significant geopolitical risks affecting the market [54] - The company anticipates a strong fall ammonia application in the Fertilizer segment, supported by a good order book [73] - Management highlighted the importance of disconnecting D6 from D4 obligations in the RFS program to better align with industry growth [82] Other Important Information - The Board of Directors authorized a special dividend of $1.50 per share, in addition to a regular dividend of $0.50 per share, totaling a cash return of approximately 13% to shareholders [30][31] - The estimated accrued RFS obligation on the balance sheet was $413 million as of September 30, 2023, reflecting ongoing regulatory challenges [51] Q&A Session Summary Question: Concerns about weaker gasoline demand - Management indicated that current gasoline demand fluctuations are seasonal and should correct themselves in the coming months [23][25] Question: Dynamics of RIN pricing and Renewable Diesel capacity - Management acknowledged the complexity of balancing lower RIN prices with the desire to grow Renewable Diesel capacity, emphasizing the need for regulatory adjustments [77][78] Question: Timeline for court ruling on small refinery exemptions - Management estimated a ruling could be expected before the end of Q2 2024, with ongoing efforts to secure favorable outcomes [94]

In addition, the Company, upon approval by the Board on October 30, 2023, declared a special dividend of $1.50 per share, or $151 million, which is payable November 20, 2023 to shareholders of record as of November 13, 2023. Of this amount, IEP will receive $100 million due to its ownership interest in the Company's shares. Information About Us September 30, 2023 | 5 Item 1. Financial Statements The accompanying notes are an integral part of these condensed consolidated financial statements. | --- | --- | - ...