Note: This article is an update to my previous analysis on CVR Partners, LP (NYSE: UAN ). There have been major developments since my original article was written. I will be focusing on qualitative trends, whereas my prior articleAnalyst’s Disclosure: I/we have a beneficial long position in the shares of UAN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I ha ...

SUGAR LAND, Texas, Dec. 12, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced that certain of its wholly owned subsidiaries have priced a proposed $325 million aggregate principal amount senior secured term loan B due 2027 (the “Facility”). The loans under the Facility will be issued at a price equal to 99% of their face value and bear interest at SOFR plus 4.0%, with closing expected before the end of the year. The proceeds of the loans under the Facility ...

CHICAGO RIVET & MACHINE CO. Summary of Consolidated Results of Operations For the Three and Nine Months Ended September 30 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 000-01227 _______________________________ ...

Shares of CVR Energy, Inc. (CVI) experienced a gain of almost 4% since Icahn Enterprises (IEP), an investment firm controlled by billionaire investor Icahn, proposed to increase its stake in CVR Energy from its current 66% to around 81% on Nov. 8, 2024.An Insight Into the Recent CVI AnnouncementIn its third-quarter earnings statement, reported on Nov. 8, IEP announced a 50% reduction in its dividend payout — from $1 per unit in Q2 to 50 cents in Q3 — to use the freed funds to increase its holding in CVI. Th ...

SUNNY ISLES BEACH, Fla., Nov. 8, 2024 /PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq: IEP) announced today that it has delivered a proposal to the board of directors of CVR Energy, Inc. ("CVR") to acquire additional shares of CVR common stock in a tender offer.IEP proposed that Icahn Enterprises Holdings L.P. ("IEH") (or a subsidiary thereof) would commence a tender offer to acquire up to 15 million additional shares (the "Maximum Tender Amount") of common stock, par value $0.01, of CVR, for a purchase pric ...

If you have been following the energy sector this year, you have probably noticed that volatility has increased considerably in the past few months. In fact, just yesterday (10/28/24) crude oil was slammed with the worst single day percentage drop Now retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance ...

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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, Oct. 28, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, "CVR Energy" or the "Company") today announced a net loss a ...

Third quarter net income of $4 million, or 36 cents per common unit; EBITDA of $36 million Announced cash distribution of $1.19 per common unit SUGAR LAND, Texas, Oct. 28, 2024 (GLOBE NEWSWIRE) -- CVR Partners, LP (NYSE: UAN, "CVR Partners" or the "Partnership"), a manufacturer of ammonia and urea ammonium nitrate ("UAN") solution fertilizer products, today announced net income of $4 million, or 36 cents per common unit, and EBITDA of $36 million on net sales of $125 million for the third quarter of 2024, c ...