CVR Energy Reports Second Quarter 2026 Results

CVR Energy announced its second quarter 2026 results, reporting a net loss of $3 million, or $0.03 per diluted share, compared to a net loss of $114 million, or $1.14 per diluted share, in the second quarter of 2025. Adjusted EBITDA for the quarter was $209 million, an increase from $99 million in the prior year's quarter. The company's petroleum segment reported a net income of $12 million and Adjusted EBITDA of $106 million, while the nitrogen fertilizer segment reported a net income of $78 million and Adjusted EBITDA of $107 million. CVR Energy declared a cash dividend of 10 cents per share for the second quarter. CVR Partners, LP, in which CVR Energy holds an interest, declared a cash distribution of $6.08 per common unit. The company noted strong operating results with crude utilization at 98% and ammonia plant utilization at 99%. A planned turnaround at the East Dubuque fertilizer facility is expected to begin in August, including an ammonia expansion project aimed at increasing production capacity by approximately 5%. The company reported consolidated cash and cash equivalents of $737 million and total debt of $1.8 billion as of June 30, 2026.