CVR Energy Q3 2025 Earnings Release

CVR Energy, Inc. reported its third quarter 2025 results, showing a significant turnaround with a net income of $374 million compared to a net loss of $124 million in the same period last year. The company achieved EBITDA of $625 million, a substantial improvement from an EBITDA loss of $35 million in Q3 2024. Key drivers included a $488 million benefit from the EPA's decision on RIN waivers, higher crude utilization, and increased crack spreads. The Petroleum Segment reported net income of $520 million, while the Renewables Segment faced a net loss of $51 million. The Nitrogen Fertilizer Segment also performed well with net income of $43 million. The company prepaid $20 million of its Term Loan and announced a cash distribution of $4.02 per common unit for CVR Partners.