NYSE$CVI
CVR Energy · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
CVR Energy reported a net loss of $6 million on net sales of $1.8 billion for the second quarter of 2021.
CVR Energy reported a net loss of $6 million, or 6 cents per diluted share, on net sales of $1.8 billion for the second quarter of 2021. The Petroleum Segment's results were highlighted by higher throughput volumes, increased crude oil pricing and widening crack spreads, but were offset by high RIN pricing. CVR Partners experienced a solid quarter with a combined ammonia utilization rate of 98 percent.
- Net loss of $6 million, or 6 cents per diluted share.
- Net sales of $1.8 billion.
- EBITDA was $102 million.
- Special dividend of $492 million was paid to stockholders.
Headline financials
Revenue & EPS history
CVR Energy · Revenue · Quarterly
$1.78B
Revenue by segment
CVR Energy · $1.79B total across 2 segments · Q2 2021
- Petroleum Segment$1.65B+188.1%92.3%
- Nitrogen Fertilizer Segment$138M+31.4%7.7%
Forward guidance
The table below summarizes our outlook for certain operational statistics and financial information for the third quarter of 2021.
Tailwinds
- Petroleum Segment Total throughput between 190,000 and 210,000 bpd
- Nitrogen Fertilizer Segment Ammonia utilization rates between 95% and 100%
- Coffeyville Facility Ammonia utilization rates between 95% and 100%
- East Dubuque Facility Ammonia utilization rates between 95% and 100%
- Renewables capital expenditure between $18 and $22 million
Headwinds
- Petroleum Segment Direct operating expenses between $75 and $85 million
- Nitrogen Fertilizer Segment Direct operating expenses between $38 and $43 million
- Petroleum capital expenditure between $18 and $24 million
- Nitrogen Fertilizer capital expenditure between $9 and $12 million
- Total capital expenditures between $45 and $59 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.4%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+1.4%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+18.9%
Q1 2022
Best reaction
-24.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | +3.3% | -2.7% | |
| Q4 2025 | -3.2% | -2.9% | +51.3% | |
| Q3 2025 | -5.2% | -6.8% | -11.9% | |
| Q1 2025 | +4.1% | +8.0% | +25.6% | |
| Q4 2024 | +7.4% | +14.0% | +14.7% | |
| Q3 2024 | -24.0% | -32.8% | -18.9% | |
| Q2 2024 | +4.9% | -7.0% | -10.7% | |
| Q1 2024 | -8.5% | -11.2% | -14.7% | |
| Q4 2023 | -4.6% | -4.6% | +4.7% | |
| Q3 2023 | +5.6% | +5.3% | +2.4% | |
| Q2 2023 | -1.1% | -0.5% | -10.1% | |
| Q1 2023 | -0.5% | -9.1% | -11.1% | |
| Q4 2022 | -2.1% | -1.4% | -6.2% | |
| Q3 2022 | -4.5% | -1.5% | -7.4% | |
| Q2 2022 | +3.3% | -6.0% | -2.6% | |
| Q1 2022 | +18.9% | +30.5% | +44.8% | |
| Q4 2021 | -12.6% | -13.3% | +16.8% | |
| Q3 2021 | -10.3% | -7.3% | -18.9% | |
| Q2 2021 | +2.6% | -5.7% | +1.2% | |
| Q1 2021 | +3.7% | +10.0% | +6.3% | |
| Q4 2020 | +5.9% | -3.6% | -12.1% | |
| Q3 2020 | +1.6% | -5.4% | +38.7% | |
| Q2 2020 | -7.8% | -9.2% | -15.3% | |
| Q1 2020 | -6.6% | -1.1% | +14.0% | |
| Q4 2019 | +5.6% | -0.8% | -39.5% | |
| Q3 2019 | -0.5% | +5.4% | +1.3% | |
| Q2 2019 | -0.5% | -0.7% | -25.6% | |
| Q1 2019 | +7.1% | +5.9% | +3.7% | |
| Q4 2018 | -3.0% | -3.3% | -4.7% | |
| Q3 2018 | +6.4% | +7.1% | -4.6% | |
| Q2 2018 | +4.3% | +3.6% | +2.1% | |
| Q1 2018 | -2.6% | -1.2% | +22.7% | |
| Q4 2017 | -3.1% | -5.1% | -4.7% | |
| Q3 2017 | +10.9% | +14.6% | +17.9% | |
| Q2 2017 | -11.1% | -11.7% | -7.6% | |
| Q1 2017 | +11.2% | +14.6% | +5.3% | |
| Q4 2016 | +10.3% | +10.6% | -6.4% | |
| Q3 2016 | -11.1% | -10.3% | +17.9% | |
| Q2 2016 | +5.0% | -2.3% | -1.8% | |
| Q1 2016 | -6.6% | — | — | |
| Q4 2015 | -11.8% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | +1.3% | — | — | |
| Q4 2014 | -3.9% | — | — | |
| Q3 2014 | +2.9% | — | — | |
| Q2 2014 | -0.9% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | +7.3% | — | — | |
| Q3 2013 | -5.6% | — | — | |
| Q2 2013 | -2.6% | — | — | |
| Q1 2013 | +8.0% | — | — | |
| Q4 2012 | -6.9% | — | — | |
| Q3 2012 | +7.1% | — | — | |
| Q2 2012 | -4.4% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q1 2012 | -0.9% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q3 2010 | -2.8% | — | — | |
| Q3 2011 | -2.8% | — | — | |
| Q2 2011 | -2.3% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q2 2010 | -2.3% | — | — |
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