CVR Energy Provides Update to Operational Statistics and Financial Information for its Petroleum and Renewables Businesses

Core Viewpoint - CVR Energy provides an operational and financial outlook for its Petroleum and Renewables businesses for Q2 2024, following a fire incident at the Wynnewood Refinery, which is not expected to materially impact the company's financial position [1]. Operational Statistics and Financial Information - Total throughput for Petroleum is projected between 170,000 and 190,000 barrels per day (bpd) [5]. - Direct operating expenses for Petroleum are estimated to be between $105 million and $115 million [5]. - Turnaround expenses for Petroleum are expected to range from $5 million to $10 million [5]. - Total throughput for Renewables is anticipated to be between 7 million and 10 million gallons [5]. - Direct operating expenses for Renewables are projected to be between $8 million and $12 million [5]. - Capital expenditures for Petroleum are estimated to be between $35 million and $50 million, while for Renewables, they are expected to be between $3 million and $6 million [5]. Incident Impact Assessment - The fire at the Wynnewood Refinery caused limited damage, primarily affecting pipe racks and pumps in the naphtha processing units, but operations at the Coffeyville Refinery were not impacted [1]. - The company has restarted one crude unit, the fluid catalytic cracker, and the alkylation unit, with a reformer in the process of starting up [1]. - Management expects operations to return to normal by the end of Q2 2024 [1].