SUGAR LAND, Texas--(BUSINESS WIRE)--CVR Energy, Inc. (the "Company†or "CVR Energy†) (NYSE: CVI) announced today the pricing of its private placement (the "Offering†) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act†), of $600 million in aggregate principal amount of 7.500% senior unsecured notes due 2031 (the "2031 Notes†) and $400 million in aggregate principal amount of 7.875% senior unsecured notes due 2034 (the "2034 Notes†and, toget. ...

SUGAR LAND, Texas--(BUSINESS WIRE)--CVR Energy, Inc. (the "Company†or "CVR Energy†) (NYSE: CVI) announced today that, subject to market conditions, it intends to offer (the "Offering†) for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act†), $1 billion in aggregate principal amount of senior unsecured notes due 2031 (the "2031 Notes†) and senior unsecured notes due 2034 (the "2034 Notes†and, together with the 2. ...

SUGAR LAND, Texas--(BUSINESS WIRE)--CVR Partners, LP (NYSE: UAN) today announced its preliminary capital spending estimates for 2026 of $60 million to $75 million. Estimated capital expenditures for 2026 by category are as follows: Maintenance capital $35 million to $45 million Growth capital $25 million to $30 million Total capital expenditures $60 million to $75 million "For our growth capital projects, we look forward to progressing or completing certain margin-improvement and debottleneckin. ...

Core Insights - TuHURA Biosciences, Inc. has achieved a milestone in its clinical trial for REM-001, demonstrating safety and signs of clinical efficacy in ten metastatic cutaneous breast cancer patients after eight weeks of follow-up [1][2] Group 1: Company Overview - TuHURA Biosciences, Inc. is a Phase 3 immuno-oncology company focused on developing novel therapeutics to address resistance to cancer immunotherapy, a significant challenge in cancer treatment [3] - The company's lead product, IFx-2.0, aims to overcome primary resistance to checkpoint inhibitors and is currently in a Phase 3 trial as an adjunctive therapy to Keytruda® for advanced or metastatic Merkel Cell Carcinoma [4] Group 2: Recent Developments - Following the successful completion of the REM-001 trial, TuHURA will release an aggregate of 1,539,958 shares of common stock to legacy Kintara Therapeutics stockholders as per the Contingent Value Rights Agreement [2] - TuHURA has also acquired TBS-2025 through its merger with Kineta Inc., which is moving into Phase 2 development for mutNPM1 r/r AML [5]

Core Points - Gorilla Technology Group Inc. announced that holders of Class A contingent value rights (CVRs) will receive a distribution of ordinary shares, subject to the terms outlined in the Contingent Value Rights Agreement [1] - On November 18, 2025, 587,747 Earnout Shares were forfeited by Company Shareholders, which translates to 0.130382275 Ordinary Shares per Qualifying CVR Holder [2] - To become a Qualifying CVR Holder, a holder must submit a Valid Notice containing specific information; otherwise, the notice will be deemed invalid [3][4] Company Overview - Gorilla Technology Group Inc. is headquartered in London, UK, and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [5] - The company offers a variety of solutions across sectors such as Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [5] - Gorilla focuses on enhancing urban operations, security, and resilience through AI-driven products, including intelligent video surveillance and advanced cybersecurity technologies [6]

Core Insights - Investors in CVR Energy, Inc. (CVI) should monitor stock movements due to high implied volatility in the options market, particularly the Dec 19, 2025 $10 Put option [1] Company Overview - CVR Energy is currently rated as Zacks Rank 4 (Sell) in the Oil and Gas - Refining and Marketing industry, which is in the top 20% of the Zacks Industry Rank [3] - Over the past 30 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward, leading to a consensus estimate change from earnings of 8 cents per share to a loss of 13 cents [3] Market Sentiment - The high implied volatility suggests that options traders are anticipating significant price movement for CVR Energy shares, indicating potential trading opportunities [4] - Seasoned options traders often seek high implied volatility options to sell premium, aiming for the underlying stock to not move as much as expected at expiration [4]

Financial Performance - Net sales for Q3 2025 reached $7,360,284, a 5.6% increase from $6,969,921 in Q3 2024[12] - Gross profit for Q3 2025 was $1,329,496, compared to $694,987 in Q3 2024, reflecting a significant improvement[12] - Operating income for Q3 2025 was $64,570, a turnaround from an operating loss of $823,571 in Q3 2024[12] - Net income for Q3 2025 was $67,572, compared to a net loss of $1,446,621 in Q3 2024[12] - For the nine months ended September 30, 2025, total sales to external customers were $21,903,997, up from $22,882,579 in the same period of 2024, indicating a decrease of about 4.3%[52] - The gross profit for the fastener segment was $878,177 for the three months ended September 30, 2025, compared to $695,342 for the same period in 2024, reflecting an increase of approximately 26.3%[52] - The operating income for the Company was $64,570 for the three months ended September 30, 2025, compared to a loss of $823,571 in the same period in 2024, showing a significant improvement[52] - Net income for the three months ended September 30, 2025, was $67,572, or $0.07 per share, compared to a net loss of $1,446,621, or $1.50 per share for the same period in 2024, marking an increase of $1,514,193, or 104.7%[67] Assets and Liabilities - Total current assets increased to $13,537,511 as of September 30, 2025, up from $12,591,065 at the end of 2024[9] - Total assets rose to $24,028,250 as of September 30, 2025, compared to $23,370,174 at the end of 2024[9] - Cash and cash equivalents decreased to $1,682,919 from $1,922,679 at the end of 2024[9] - Total liabilities increased to $4,009,136 as of September 30, 2025, compared to $3,337,722 at the end of 2024[9] - The total assets of the Company as of September 30, 2025, were $24,028,250, down from $26,391,515 as of September 30, 2024, reflecting a decrease of approximately 8.9%[53] Cash Flow and Dividends - Cash flows from operating activities showed a net cash used of $1,344,371 for the nine months ended September 30, 2025[18] - Cash dividends declared per share were $0.03 for Q3 2025, down from $0.10 in Q3 2024[12] Inventory and Accrued Liabilities - As of September 30, 2025, the Company's net inventories amounted to $6,349,195, a decrease from $6,496,170 as of December 31, 2024, reflecting a valuation allowance of $459,088[45] - The Company recorded accrued liabilities for warranty claims of $880,000 as of September 30, 2025, down from $1,057,000 as of December 31, 2024[36] - The Company’s total accrued liabilities for customer settlements increased from $177,000 in December 31, 2024, to $220,000 as of September 30, 2025[46] Tax and NOL Carryforwards - The Company's effective tax rate for the nine months ended September 30, 2025, was zero, compared to (32.0)% for the same period in 2024[38] - The Company has federal income tax NOL carryforwards of $9,456,000 and state NOL carryforwards of $3,698,000 as of December 31, 2024[42] Segment Performance - Fastener segment sales increased by $506,633, or 8.5%, to $6,433,949 for Q3 2025 compared to Q3 2024, but declined by $570,584, or 2.9%, to $18,990,136 for the nine months ended September 30, 2025 compared to the same period in 2024[69] - Automotive sector sales for Q3 2025 rose by $650,112, or 18.2%, to $4,228,502, but decreased by $1,173,857, or 9.0%, to $11,876,239 for the nine months ended September 30, 2025 due to a slowdown in North American vehicle production[69] - Non-automotive fastener sales decreased by $143,479, or 6.1%, to $2,205,447 for Q3 2025, while increasing by $603,273, or 9.3%, to $7,113,897 for the nine months ended September 30, 2025[69] - Assembly equipment segment sales fell by $116,270, or 11.2%, to $926,335 for Q3 2025 and by $407,998, or 12.3%, to $2,913,861 for the nine months ended September 30, 2025[70] Expenses and Cost Management - Selling and administrative expenses decreased by $253,632, or 16.7%, to $1,264,926 for Q3 2025, and by $229,323, or 5.1%, to $4,244,987 for the nine months ended September 30, 2025[71] - The Company’s lease costs for the three months ended September 30, 2025, were $28,330, compared to $28,200 for the same period in 2024, a slight increase of 0.5%[48] - The expected annual minimum lease payments total $530,790, with a present value lease liability of $448,344 as of September 30, 2025[50] - The Company’s capital expenditures for the three months ended September 30, 2025, were $145,915, compared to $310,732 for the same period in 2024, indicating a decrease of approximately 53%[52] Strategic Actions and Outlook - The company has developed strategic actions to improve liquidity, including consolidating operations and enhancing the sales team[61] - The company recognizes ongoing industry headwinds, including inflation and supply chain complexities, which may affect near-term financial performance[68] - The outlook for the remainder of 2025 indicates continued challenges in the economic environment, with efforts to improve sales and operational efficiency amid uncertainties from tariffs and market factors[79]

Core Insights - CVR Energy reported third quarter 2025 earnings per diluted share of $3.72, a significant improvement compared to a loss of $1.24 per diluted share in the same period last year [1] - Adjusted earnings per diluted share for the third quarter of 2025 were 40 cents, compared to an adjusted loss of 50 cents per diluted share in the prior year [1] - The company recognized a $488 million benefit from the EPA's decision in August 2025, which positively impacted its financial results [1]

Core Insights - CVR Partners reported a significant increase in net income and EBITDA for Q3 2025, with net income of $43 million ($4.08 per common unit) and EBITDA of $71 million on net sales of $164 million, compared to net income of $4 million ($0.36 per common unit) and EBITDA of $36 million on net sales of $125 million in Q3 2024 [1][8][19] Financial Performance - The company achieved a combined ammonia production rate of 95% during Q3 2025, with total ammonia production slightly decreasing to 208,000 tons from 212,000 tons in Q3 2024 [2][3] - Average realized gate prices for ammonia and UAN increased by 33% and 52% respectively, reaching $531 and $348 per ton in Q3 2025, compared to $399 and $229 per ton in Q3 2024 [4][22] Distributions - CVR Partners declared a cash distribution of $4.02 per common unit for Q3 2025, to be paid on November 17, 2025, to unitholders of record as of November 10, 2025 [5][27] Operational Highlights - The company produced 337,000 tons of UAN in Q3 2025, with 59,000 net tons of ammonia available for sale [3][22] - The ammonia utilization rate was reported at 95% for Q3 2025, slightly down from 97% in Q3 2024 [21] Market Conditions - The CEO noted strong ammonia demand for fall application as the harvest season nears completion, indicating favorable market conditions [2][3] - The company continues to focus on safe operations, cash generation, and unitholder returns amidst favorable market conditions [3]

Core Viewpoint - FG Nexus announced the approval of a distribution payment of $10 per contingent value right (CVR) to be initiated on September 17, 2025, marking the first cash distribution from the CVR Trust [2][3]. Group 1: Distribution Details - The initial cash distribution from the CVR Trust is the first of potential additional distributions expected over time [3]. - Future distributions may be made in cash or in-kind securities as the CVR Trust works to monetize and distribute proceeds from its asset liquidation [4]. Group 2: CVR Trust Management - The CVR Trust was established by FG Nexus on August 8, 2025, and is managed by a committee that includes D. Kyle Cerminara and Larry G. Swets, focusing on asset liquidation and monetization over the next three years [6]. - The CVR Trust holds various assets, including cash, the net assets of Strong Technical Services, and equity interests in multiple companies [4]. Group 3: CVR Holder Information - Beneficial holders of CVRs will receive distribution payments directly through their bank or broker, while registered holders will receive payments via US mail [5]. - The CVRs are not transferable, will not be certificated, and will not be listed for trading on any exchange [6].