CVR Energy: Despite Near-Term Headwinds, Dividend Capacity Makes Shares Attractive

Weerapong Khodsom 1M 6M MAX Seeking Alpha Still, while CVR is less profitable in this more "ordinary" environment, it delivered reasonable financial results, in part due to cost discipline. Operating expenses were $5 million lower at $164 million. Accordingly, there was $5.78/barrel in operating expenses, down 2% from last year. Still just given tight crack spreads, CVR's refining margin was $14.23 was down over $9 from last year. As such, it generated $171 million of EBITDA from $285 million last year, aid ...