CVR Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CVR Energy Inc reported revenue of $7.2B (-5.9% year on year) and net income of $90.0M (+100.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net sales | $7.2B | $7.6B | $9.2B | $10.9B |
| Cost of materials and other | $5.7B | $6.4B | $7.0B | $8.8B |
| Direct operating expenses (exclusive of depreciation and amortization) | $700.0M | $667.0M | $670.0M | $719.0M |
| Depreciation and amortization | $394.0M | $290.0M | $291.0M | $281.0M |
| Cost of sales | $6.8B | $7.4B | $8.0B | $9.8B |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | $148.0M | $139.0M | $141.0M | $149.0M |
| Depreciation and amortization | $9.0M | $8.0M | $7.0M | $7.0M |
| Other operating expenses, net | $7.0M | — | — | — |
| Operating income | $182.0M | $58.0M | $1.1B | $963.0M |
| Interest expense, net | ($108.0M) | ($77.0M) | ($52.0M) | ($85.0M) |
| Other income, net | $6.0M | $38.0M | $14.0M | ($77.0M) |
| Income before income taxes | $80.0M | $19.0M | $1.1B | $801.0M |
| Income tax (benefit) expense | ($10.0M) | ($26.0M) | $207.0M | $157.0M |
| Net income | $90.0M | $45.0M | $878.0M | $644.0M |
| Net income attributable to noncontrolling interest | $63.0M | $38.0M | $109.0M | $181.0M |
| Net income attributable to CVR Energy stockholders | $27.0M | $7.0M | $769.0M | $463.0M |
| Basic earnings per share (in dollars per share) | $0.27 | $0.06 | $7.65 | $4.60 |
| Diluted earnings per share (in dollars per share) | $0.27 | $0.06 | $7.65 | $4.60 |
| Basic (in shares) | 100.5M | 100.5M | 100.5M | 100.5M |
| Diluted (in shares) | 100.5M | 100.5M | 100.5M | 100.5M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net sales | $2.7B | $2.0B | $1.9B | $1.8B |
| Cost of materials and other | $2.4B | $1.8B | $1.1B | $1.6B |
| Direct operating expenses (exclusive of depreciation and amortization) | $174.0M | $181.0M | $179.0M | $169.0M |
| Depreciation and amortization | $77.0M | $77.0M | $109.0M | $76.0M |
| Cost of sales | $2.6B | $2.1B | $1.4B | $1.8B |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | $34.0M | $39.0M | $42.0M | $36.0M |
| Depreciation and amortization | $3.0M | $2.0M | $2.0M | $2.0M |
| Other operating expenses (income), net | $2.0M | $1.0M | — | — |
| Operating income (loss) | $78.0M | ($145.0M) | $512.0M | ($103.0M) |
| Interest income (expense), net | ($25.0M) | ($58.0M) | ($25.0M) | ($30.0M) |
| Other income, net | $3.0M | $14.0M | $2.0M | $1.0M |
| Income (loss) before income taxes | $56.0M | ($189.0M) | $489.0M | ($132.0M) |
| Income tax expense (benefit) | $10.0M | ($29.0M) | $88.0M | ($42.0M) |
| Net income (loss) | $46.0M | ($160.0M) | $401.0M | ($90.0M) |
| Less: Net income attributable to noncontrolling interest | $49.0M | $32.0M | $27.0M | $24.0M |
| Net loss attributable to CVR Energy stockholders | ($3.0M) | ($192.0M) | $374.0M | ($114.0M) |
| Basic loss per share (in dollars per share) | -$0.03 | -$1.91 | $3.72 | -$1.14 |
| Diluted loss per share (in dollars per share) | -$0.03 | -$1.91 | $3.72 | -$1.14 |
| Basic (in shares) | 100.5M | 100.5M | 100.5M | 100.5M |
| Diluted (in shares) | 100.5M | 100.5M | 100.5M | 100.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents (including $69 and $91, respectively, of consolidated variable interest entity (“VIE”)) | $511.0M | $987.0M | $581.0M | $510.0M |
| Accounts receivable, net (including $59 and $65, respectively, of VIE) | $235.0M | $295.0M | $286.0M | $358.0M |
| Inventories (including $83 and $76, respectively, of VIE) | $472.0M | $502.0M | $604.0M | $624.0M |
| Prepaid expenses (including $1 and $1, respectively, of VIE) | $29.0M | $16.0M | — | — |
| Other current assets (including $1 and $1, respectively, of VIE) | $20.0M | $24.0M | — | — |
| Total current assets | $1.3B | $1.8B | $2.2B | $1.6B |
| Property, plant, and equipment, net (including $712 and $736, respectively, of VIE) | $2.0B | $2.2B | $2.2B | $2.2B |
| Other long-term assets (including $44 and $50, respectively, of VIE) | $389.0M | $263.0M | $307.0M | $279.0M |
| Total assets | $3.7B | $4.3B | $4.7B | $4.1B |
| Accounts payable (including $48 and $37, respectively, of VIE) | $415.0M | $538.0M | $530.0M | $497.0M |
| Other current liabilities (including $48 and $75, respectively, of VIE) | $291.0M | $548.0M | $546.0M | $942.0M |
| Total current liabilities | $706.0M | $1.1B | $1.7B | $1.4B |
| Long-term debt and finance lease obligations, net of current portion (including $569 and $568, respectively, of VIE) | $1.8B | $1.9B | $1.6B | $1.6B |
| Deferred income taxes | $269.0M | $277.0M | $327.0M | $249.0M |
| Other long-term liabilities (including $38 and $46, respectively, of VIE) | $82.0M | $93.0M | $81.0M | $55.0M |
| Total long-term liabilities | $2.1B | $2.3B | $2.0B | $1.9B |
| Preferred stock, $0.01 par value per share; 50,000,000 shares authorized; none issued | $0.00 | — | — | — |
| Common stock, $0.01 par value per share; 350,000,000 shares authorized; 100,629,209 and 100,629,209 shares issued as of December 31, 2025 and 2024, respectively | $1000000.00 | $1000000.00 | $1000000.00 | $1000000.00 |
| Additional paid-in-capital | $1.5B | $1.5B | $1.5B | $1.5B |
| Accumulated deficit | ($777.0M) | ($804.0M) | ($660.0M) | ($976.0M) |
| Treasury stock, 98,610 shares at cost | -2.0M | -2.0M | -2.0M | -2.0M |
| Total CVR stockholders’ equity | $730.0M | $703.0M | $847.0M | $531.0M |
| Noncontrolling interest | $168.0M | $185.0M | $191.0M | $260.0M |
| Total equity | $898.0M | $888.0M | $1.0B | $791.0M |
| Total liabilities and equity | $3.7B | $4.3B | $4.7B | $4.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents (including $137 and $69, respectively, of consolidated variable interest entity (“VIE”)) | $737.0M | $512.0M | $670.0M | $596.0M |
| Accounts receivable, net (including $82 and $59, respectively, of VIE) | $327.0M | $329.0M | $253.0M | $245.0M |
| Inventories (including $94 and $83, respectively, of VIE) | $603.0M | $553.0M | $509.0M | $503.0M |
| Prepaid expenses (including $1 and $1, respectively, of VIE) | $23.0M | $25.0M | $23.0M | $25.0M |
| Other current assets (including $0 and $1, respectively, of VIE) | $27.0M | $41.0M | $23.0M | $23.0M |
| Total current assets | $1.7B | $1.5B | $1.5B | $1.4B |
| Property, plant, and equipment, net (including $699 and $712, respectively, of VIE) | $2.0B | $2.0B | $2.1B | $2.2B |
| Other long-term assets (including $44 and $44, respectively, of VIE) | $341.0M | $364.0M | $408.0M | $437.0M |
| Total assets | $4.1B | $3.9B | $4.0B | $4.0B |
| Accounts payable (including $45 and $48, respectively, of VIE) | $494.0M | $532.0M | $437.0M | $462.0M |
| Other current liabilities (including $56 and $48, respectively, of VIE) | $717.0M | $483.0M | $318.0M | $729.0M |
| Total current liabilities | $1.2B | $1.0B | $755.0M | $1.2B |
| Long-term debt and finance lease obligations, net of current portion (including $569 and $569, respectively, of VIE) | $1.8B | $1.8B | $1.8B | $1.8B |
| Deferred income taxes | $251.0M | $241.0M | $274.0M | $186.0M |
| Other long-term liabilities (including $37 and $38, respectively, of VIE) | $102.0M | $97.0M | $95.0M | $92.0M |
| Total long-term liabilities | $2.1B | $2.1B | $2.2B | $2.1B |
| Preferred stock, $0.01 par value per share; 50,000,000 shares authorized; none issued | $0.00 | $0.00 | $0.00 | — |
| Common stock, $0.01 par value per share; 350,000,000 shares authorized; 100,629,209 and 100,629,209 shares issued as of June 30, 2026 and December 31, 2025, respectively | $1000000.00 | $1000000.00 | $1000000.00 | $1000000.00 |
| Additional paid-in-capital | $1.5B | $1.5B | $1.5B | $1.5B |
| Accumulated deficit | ($982.0M) | ($969.0M) | ($667.0M) | ($1.0B) |
| Treasury stock, 98,610 shares at cost | -2.0M | -2.0M | -2.0M | -2.0M |
| Total CVR stockholders’ equity | $525.0M | $538.0M | $840.0M | $466.0M |
| Noncontrolling interest | $219.0M | $197.0M | $201.0M | $200.0M |
| Total equity | $744.0M | $735.0M | $1.0B | $666.0M |
| Total liabilities and equity | $4.1B | $3.9B | $4.0B | $4.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $90.0M | $45.0M | $878.0M | $644.0M |
| Depreciation and amortization | $403.0M | $298.0M | $298.0M | $288.0M |
| Loss on lower of cost or net realizable value adjustments | $12.0M | $5.0M | $4.0M | $0 |
| Deferred income taxes and unrecognized tax benefits | ($8.0M) | ($50.0M) | $67.0M | ($17.0M) |
| Loss (gain) asset write-downs and asset disposals | $7.0M | — | — | — |
| Unrealized (gain) loss on derivatives, net | ($4.0M) | $22.0M | ($32.0M) | $5.0M |
| Share-based compensation | $42.0M | $15.0M | $34.0M | $71.0M |
| Income from equity method investments | ($4.0M) | ($13.0M) | — | — |
| Return from equity method investment earnings | $5.0M | $13.0M | — | — |
| Other items | $10.0M | $7.0M | $2.0M | $2.0M |
| Accounts receivable | $60.0M | ($9.0M) | $51.0M | ($78.0M) |
| Inventories | $8.0M | $96.0M | $15.0M | ($140.0M) |
| Prepaid expenses and other current assets | ($11.0M) | $33.0M | $19.0M | ($29.0M) |
| Accounts payable | ($143.0M) | $2.0M | $37.0M | $78.0M |
| Deferred revenue | ($34.0M) | $29.0M | ($24.0M) | ($20.0M) |
| Other current liabilities | ($289.0M) | ($41.0M) | ($391.0M) | $158.0M |
| Net cash provided by operating activities | $144.0M | $404.0M | $948.0M | $967.0M |
| Capital expenditures | ($185.0M) | ($179.0M) | ($205.0M) | ($191.0M) |
| Turnaround expenditures | ($197.0M) | ($53.0M) | ($57.0M) | ($83.0M) |
| Insurance proceeds related to asset damages | $3.0M | $10.0M | — | — |
| Proceeds from sale of investments and assets | $10.0M | $92.0M | — | — |
| Return of equity method investment | $7.0M | $9.0M | $22.0M | — |
| Net cash used in investing activities | ($362.0M) | ($121.0M) | ($239.0M) | ($271.0M) |
| Principal payments on Term Loan | ($168.0M) | — | — | — |
| Proceeds from issuance of long-term debt | $0 | $325.0M | $600.0M | $0 |
| Principal payments on senior secured notes | $0 | ($600.0M) | $0 | ($65.0M) |
| Dividends to CVR Energy’s stockholders | $0 | ($151.0M) | ($453.0M) | ($483.0M) |
| Distributions to CVR Partners’ noncontrolling interest holders | ($80.0M) | ($44.0M) | ($178.0M) | ($129.0M) |
| Other financing activities | ($10.0M) | ($12.0M) | ($9.0M) | ($7.0M) |
| Net cash used in financing activities | ($258.0M) | ($482.0M) | ($40.0M) | ($696.0M) |
| Net (decrease) increase in cash, cash equivalents, reserved funds and restricted cash | ($476.0M) | ($199.0M) | $669.0M | $0 |
| Cash, cash equivalents, reserved funds, and restricted cash, beginning of period | $987.0M | $1.2B | $517.0M | $517.0M |
| Cash, cash equivalents, reserved funds and restricted cash, end of period | $511.0M | $987.0M | $1.2B | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($114.0M) | ($160.0M) | $206.0M | ($195.0M) |
| Depreciation and amortization | $159.0M | $79.0M | $258.0M | $146.0M |
| Deferred income taxes and unrecognized tax benefits | ($19.0M) | ($29.0M) | ($3.0M) | ($91.0M) |
| Loss on extinguishment of debt | $32.0M | $32.0M | — | — |
| Share-based compensation | $11.0M | $12.0M | $37.0M | $18.0M |
| Unrealized loss (gain) on derivatives, net | $151.0M | $158.0M | $6.0M | ($1.0M) |
| Other items | $7.0M | $2.0M | $12.0M | $8.0M |
| Accounts receivables | ($92.0M) | ($95.0M) | $42.0M | $50.0M |
| Inventories | ($132.0M) | ($79.0M) | ($27.0M) | ($10.0M) |
| Prepaid expenses and other current assets | ($4.0M) | ($16.0M) | ($14.0M) | ($8.0M) |
| Accounts payable | $78.0M | $120.0M | ($137.0M) | ($91.0M) |
| Deferred revenue | $6.0M | ($1.0M) | ($20.0M) | ($45.0M) |
| Other current liabilities | $288.0M | $41.0M | ($232.0M) | $199.0M |
| Net cash provided by (used in) operating activities | $371.0M | $64.0M | $144.0M | ($19.0M) |
| Capital expenditures | ($90.0M) | ($47.0M) | ($130.0M) | ($92.0M) |
| Turnaround expenditures | ($1.0M) | $0 | ($196.0M) | ($191.0M) |
| Return of equity method investment | $5.0M | $4.0M | $6.0M | $5.0M |
| Other investing activities | $0 | — | — | — |
| Net cash used in investing activities | ($86.0M) | ($43.0M) | ($309.0M) | ($267.0M) |
| Proceeds from issuance of Senior Notes | $1.0B | $1.0B | — | — |
| Principal payments of Term Loan | ($157.0M) | ($157.0M) | — | — |
| Principal payments of senior secured notes | ($817.0M) | ($817.0M) | $0 | $0 |
| Call premium on extinguishment of debt | ($25.0M) | ($25.0M) | — | — |
| Payment of deferred financing costs | ($15.0M) | ($15.0M) | — | — |
| Dividends to CVR Energy stockholders | ($10.0M) | — | $0 | $0 |
| Distributions to CVR Partners noncontrolling interest holders | ($30.0M) | ($3.0M) | ($53.0M) | ($27.0M) |
| Other financing activities | ($5.0M) | ($3.0M) | ($7.0M) | ($6.0M) |
| Net cash used in financing activities | ($59.0M) | ($20.0M) | ($152.0M) | ($105.0M) |
| Net increase (decrease) in cash and cash equivalents | $226.0M | $1.0M | ($317.0M) | ($391.0M) |
| Cash and cash equivalents, beginning of period | $511.0M | $511.0M | $987.0M | $987.0M |
| Cash and cash equivalents, end of period | $737.0M | $512.0M | $670.0M | $596.0M |
CVR Energy Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.