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CVICVR Energy, Inc.
$28.48$2.9B
Overview & Verdict
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CVI logoCVR Energy, Inc.(CVI)Earnings, Financials & Key Ratios

CVI•NYSE
$28.65
106.1× P/E·Price updated Jul 2, 2026
SectorEnergyIndustryOil Refining & MarketingSub-IndustryPetroleum Refining and Marketing
AboutCVR Energy, Inc., together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It also owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN). It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. The company was founded in 1906 and is headquartered in Sugar Land, Texas. CVR Energy, Inc. is a subsidiary of Icahn Enterprises L.P.Show more
  • Revenue$7.16B-5.9%
  • EBITDA$570M+60.1%
  • Net Income$27M+285.7%
  • EPS (Diluted)0.27+287.4%
  • Gross Margin4.4%+69.9%
  • EBITDA Margin7.96%+70.1%
  • Operating Margin2.33%+205.9%
  • Net Margin0.38%+309.8%
  • ROE3.02%+315.9%

CVI Price & Volume

CVR Energy, Inc. (CVI) stock price & volume — 10-year historical chart

Loading chart...

Volatile Commodity Spreads Threaten CVI Equity Stability

Investment Thesis • Updated 2026Q1

VerdictNegative: The company's fundamental health is compromised by a negative 14.5% gross margin and a precarious debt-to-equity ratio of 2.45x
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Commodity Spread Margin Compression

Key Thesis Takeaways

  • CVR Energy faces a precarious fundamental outlook as its core refining and fertilizer segments struggle with extreme margin volatility, evidenced by a gross margin collapse to -14.5% in 2026Q1.
  • The company's reliance on unpredictable commodity spreads creates significant earnings instability, while a debt-to-equity ratio of 2.45x limits strategic flexibility during cyclical downturns.
  • Investors should monitor the company's ability to manage its $1.8 billion debt load against a backdrop of persistent negative retained earnings of $969 million.

Verdict Logic

which suggests significant risk to long-term capital preservation.

CVI Growth Metrics

CVR Energy, Inc. (CVI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.8%
5 Years12.75%
3 Years-13.05%
TTM1.38%

Profit CAGR

10 Years-16.79%
5 Years-
3 Years-61.22%
TTM78.68%

EPS CAGR

10 Years-17.94%
5 Years-
3 Years-61.14%
TTM78.97%

Return on Capital

10 Years11.46%
5 Years16.98%
3 Years15.53%
Last Year5.34%

CVI Recent Earnings

CVR Energy, Inc. (CVI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$1.24-129.6%
$0.54
Rev
$2.0B+14.3%
$1.7B
Q1 2026
Feb 18, 2026
Metric
Actual
Est
EPS
$0.80+4.8%
$0.84
Rev
$1.8B+6.7%
$1.7B
Q4 2025
Oct 29, 2025
Metric
Actual
Est
EPS
$0.40+100.0%
$0.20
Rev
$1.9B+12.8%
$1.7B
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.23-187.5%
$0.08
Rev
$1.8B+4.3%
$1.7B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$1.24vs $0.54-129.6%
$2.0Bvs $1.7B+14.3%
Q1 2026Feb 18, 2026
$0.80vs $0.84+4.8%
$1.8Bvs $1.7B+6.7%
Q4 2025Oct 29, 2025
$0.40vs $0.20+100.0%
$1.9Bvs $1.7B+12.8%
Q3 2025Jul 30, 2025
$0.23vs $0.08-187.5%
$1.8Bvs $1.7B+4.3%
Based on last 12 quarters of dataView full earnings history →

Latest CVI News

Recent stock market news and headlines for CVR Energy, Inc. (CVI)

Business Wire·Jun 22, 2026
CVR Energy and CVR Partners Announce Leadership Changes

SUGAR LAND, Texas--(BUSINESS WIRE)--CVR Energy, Inc. (NYSE: CVI or “CVR Energy”) and CVR Partners, LP (NYSE: UAN or “CVR Partners”) are pleased to announce that Dane Neumann, Executive Vice President and Chief Financial Officer, has been promoted to the position of President and Chief Executive Officer of CVI and the general partner of UAN (collectively, the “CVR Entities”), as well as to their Boards of Directors, effective June 18, 2026, following Mark Pytosh's resignation from the CVR Entiti.

Seeking Alpha·Jun 19, 2026
CVR Energy: The Potential Value Unlock Is Too Great To Ignore

CVR Energy is rated a Strong Buy, driven by its resilient refining business and valuable stake in CVR Partners. CVI's upside hinges on potential EPA waivers that could eliminate $204 million in RIN obligations, unlocking 7–49% equity value. Petroleum segment benefits from mid-continent location, access to discounted WCS feedstock, and high facility complexity for margin resilience.

Peers Comparison

Key metrics vs top competitors for CVR Energy, Inc. (CVI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CVI logoCVICVR Energy, Inc.Current
$28.65$2.88B106.11-5.89%0.38%3.02%—
DKL logoDKLDelek Logistics Partners, LP
$51.67$2.75B15.667.73%16%1917.1%—
DK logoDKDelek US Holdings, Inc.
$53.18$3.26B-139.95-9.53%-0.48%-12.94%—
PBF logoPBFPBF Energy Inc.
$48.04$5.68B-34.56-11.42%1.46%8.15%—
PARR logoPARRPar Pacific Holdings, Inc.
$58.80$2.91B8.21-6.39%6.02%32.17%—
CLMT logoCLMTCalumet, Inc.
$36.43$3.17B-93.41-1.25%-4.52%——

Compare CVI vs Peers

CVR Energy, Inc. (CVI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DKL

Most directly comparable listed peer for CVI.

Scale Benchmark

vs VLO

Larger-name benchmark to compare CVI against a more recognizable public peer.

Peer Set

Compare Top 5

vs DKL, DK, PBF, PARR

CVI SEC Filings & Documents

CVR Energy, Inc. (CVI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Feb 24, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 19, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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CVI Frequently Asked Questions

CVR Energy, Inc. (CVI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CVR Energy, Inc.'s revenue?

CVR Energy, Inc. (CVI) reported $7.50B in revenue for fiscal year 2025. This represents a 415% increase from $1.45B in 2005.

How fast is CVR Energy, Inc. growing?

CVR Energy, Inc. (CVI) saw revenue decline by 5.9% over the past year.

Is CVI profitable?

CVR Energy, Inc. (CVI) reported a net loss of $42.0M for fiscal year 2025.

Dividend & Returns
What is CVI's return on equity?

CVR Energy, Inc. (CVI) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

What is CVR Energy, Inc.'s free cash flow?

CVR Energy, Inc. (CVI) generated $69.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CVI back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →