Cvr Energy Inc. · NYSE:CVI
Cvr Energy — Q2 2026 Earnings Presentation
13 slides from Cvr Energy's earnings presentation, Jul 30, 2026
Slide 1: CVR Energy Reports Second Quarter 2026 Results
NEWS RELEASE CVR Energy Reports Second Quarter 2026 Results 2026-07-29 Second quarter 2026 net loss attributable to CVR Energy stockholders of $3 million; Adjusted EBITDA of $209 million Declared cash dividend of 10 cents for the second quarter 2026 CVR Partners, LP (“CVR Partners”) announced a seco
Slide 2: Segment Highlights
continued. “The planned turnaround at the East Dubuque fertilizer facility is expected to begin in August, during which we plan to complete the brown eld ammonia expansion that is expected to increase production capacity by approximately 5%.” Segment Highlights Below are nancial and operational high
Slide 3: Second Quarter 2026 Earnings Conference Call
Consolidated cash and cash equivalents were $737 million at June 30, 2026. Consolidated total debt and nance lease obligations were $1.8 billion at June 30, 2026, including $570 million held by the Nitrogen Fertilizer Segment. CVR Energy announced a second quarter 2026 cash dividend of 10 cents per
Slide 4: About CVR Energy, Inc.
nitrogen fertilizer facilities; nitrogen fertilizer sales volumes; dividends and distributions, including the timing, payment and amount (if any) thereof and any potential increase to future dividends; direct operating expenses, capital expenditures, depreciation and amortization, including the impa
Slide 5: Non-GAAP Measures
interest in CVR Partners. CVR Energy subsidiaries serve as the general partner and own approximately 37 percent of the common units of CVR Partners. Investors and others should note that CVR Energy may announce material information using SEC lings, press releases, public conference calls, webcasts a
Slide 6: Factors Affecting Comparability of Our Financial Results
of days in the period. Adjusted EBITDA, Petroleum Adjusted EBITDA, and Nitrogen Fertilizer Adjusted EBITDA - EBITDA, Petroleum EBITDA, and Nitrogen Fertilizer EBITDA adjusted for certain signi cant non-cash items and items that management believes are not attributable to or indicative of our underly
Slide 7: Consolidated Statement of Operations Data
CVR Energy, Inc. (all information in this release is unaudited) Consolidated Statement of Operations Data Three Months Ended Six Months Ended June 30, June 30, (in millions, except per share data) 2026 2025 2026 2025 Net sales $ 2,738 $ 1,761 $ 4,718 $ 3,407 Operating costs and expenses: Cost of mat
Slide 8: Selected Segment Data
(in millions) 2026 2025 2026 2025 Net cash provided by (used in): Operating activities $ 307 $ 176 $ 371 $ (19) Investing activities (43) (185) (86) (267) Financing activities (39) (90) (59) (105) Net increase (decrease) in cash, cash $ 225 $ 226 equivalents, and restricted cash $ (99) $ (391) Free
Slide 9: Petroleum Segment Refining Throughput and Production Data by Refinery
Total assets 3,260 1,057 4,079 2,987 969 3,706 Total debt and nance lease obligations, including current portion (2) 37 570 1,783 195 570 1,765 ____________________ (1) Corporate cash and cash equivalents consisted of $114 million and $180 million at June 30, 2026 and December 31, 2025, respectively
Slide 10: Q3 2026 Outlook
PADD II Group 3 Product Crack Spread: Gasoline 34.23 21.18 21.65 17.66 Ultra-Low Sulfur Diesel 55.59 26.87 45.03 24.11 PADD II Group 3 2-1-1 44.91 24.02 33.34 20.89 Nitrogen Fertilizer Segment Production Data Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Consolidated prod
Slide 11: Total capital expenditures
Nitrogen Fertilizer Segment Ammonia utilization rate 75% 80% Direct operating expenses (in millions)(2) $ 57 $ 62 Capital Expenditures (in millions)(3) Petroleum Segment $ 41 $ 50 Nitrogen Fertilizer Segment 40 49 Other 4 6 Total capital expenditures $ 85 $ 105 ____________________ (1) Represents cr
Slide 12: Free Cash Flow
June 30, June 30, (in millions) 2026 2025 2026 2025 Net cash provided by (used in) operating activities $ 307 $ 176 $ 371 $ (19) Less: Capital expenditures (43) (41) (90) (92) Capitalized turnaround expenditures (1) (148) (1) (191) Return of equity method investment 1 1 5 5 Free cash ow $ 264 $ (12)
Slide 13: Investor Relations
Re ning margin per total throughput barrel $ 9.94 $ 2.21 $ 5.04 $ 1.14 Adjusted re ning margin per total throughput barrel 12.43 9.95 8.59 9.04 Direct operating expenses per total throughput barrel 5.93 6.45 6.02 7.32 ____________________ (1) The Petroleum Segment’s basis for determining inventory v