CVR Energy(CVI) - 2025 Q4 - Annual Results

Financial Performance - CVR Energy's preliminary estimated consolidated net loss for Q4 2025 is projected to be between $125 million and $110 million, with a net loss attributable to stockholders between $120 million and $105 million[2]. - EBITDA for Q4 2025 is estimated to range from $40 million to $60 million, while Adjusted EBITDA is expected to be between $78 million and $102 million[11]. - For the full year 2025, net income is estimated to be between $81 million and $96 million, with Adjusted EBITDA expected to range from $380 million to $404 million[11]. Operational Insights - Total refining throughput for Q4 2025 is estimated to be between 210,000 and 220,000 barrels per day, with an ammonia utilization rate projected between 60% and 65%[2]. - The company anticipates no planned turnarounds in its Petroleum segment for 2026, which is expected to positively impact operations[2]. - The reversion of the renewable diesel unit at Wynnewood back to hydrocarbon processing was completed in December 2025, with expected operational benefits[2]. Financial Position - Cash and cash equivalents are estimated to remain stable at between $500 million and $520 million[2]. - Total long-term debt and finance lease obligations are projected to be between $1.7 billion and $1.8 billion[2]. Future Outlook - The company is optimistic about the future growth prospects following the completion of the renewable diesel unit reversion[12]. - Management emphasizes the importance of non-GAAP measures like EBITDA and Adjusted EBITDA for evaluating performance and profitability[8].