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CVR Energy: Despite Near-Term Headwinds, Dividend Capacity Makes Shares Attractive
CVRChicago Rivet & Machine (CVR) Seeking Alpha·2024-06-17 15:25

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 5millionlowerat5 million lower at 164 million. Accordingly, there was 5.78/barrelinoperatingexpenses,down25.78/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 9fromlastyear.Assuch,itgenerated9 from last year. As such, it generated 171 million of EBITDA from $285 million last year, aid ...