CVR Energy Q2 adjusted EPS misses estimates

CVR Energy

29/07/2026 21:31

Overview
US petroleum refiner and fertilizer maker's Q2 revenue rose, beating analyst expectations
Adjusted EPS for Q2 missed analyst expectations
Company declared Q2 dividend of 10 cents per share

Outlook
Company expects Q3 petroleum throughput of 205,000-220,000 bpd and crude utilization of 95%-100%
Company sees Q3 ammonia utilization rate at 75%-80% due to planned turnaround at East Dubuque
Company forecasts Q3 capital expenditures of $85 mln to $105 mln

Result Drivers
HIGH UTILIZATION - Co reported crude utilization of 98% and ammonia plant utilization of 99% in Q2, supporting operating results
TIGHT MARKETS - Co said ongoing global conflicts have created tightness across energy and fertilizer markets, benefiting its assets
REFINING MARGIN IMPROVEMENT - Petroleum segment Q2 refining margin rose to $9.94 per barrel from $2.21 a year ago, reflecting improved market conditions
HIGHER FERTILIZER PRICES - Ammonia and UAN pricing at gate increased year-over-year, supporting fertilizer segment earnings

Company press release: ID:nBw1zhwcra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$2.74 bln
$2.23 bln (5 Analysts)
Q2 Adjusted EPS
Miss
$0.34
$0.45 (6 Analysts)
Q2 Net loss attributable to stockholders
 
$3 mln
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for CVR Energy Inc is $28.11, about 16.7% below its July 28 closing price of $33.74
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 26 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)