CVR Energy, Inc. (CVI) Earnings Call Transcripts
CVR Energy, Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, CVR Energy reported a consolidated net loss of $160 million, translating to a loss per share of $1.91, with adjusted EBITDA of $37 million. The company's results were significantly impacted by unrealized derivative losses of $158 million and an unfavorable change in RFS liability of $51 million. Management announced a dividend of $0.10 per share and indicated a constructive outlook for both the refining and fertilizer segments, driven by geopolitical events affecting market fundamentals.
Reported metrics
| Metric | Value |
|---|---|
| Net Loss | $160 million (miss) |
| Loss Per Share | $1.91 (miss) |
| Adjusted EBITDA | $37 million (miss) |
| Fertilizer Segment EBITDA | $78 million (positive) |
| Crude Utilization | 97% (inline) |
| Ammonia Utilization | 103% (inline) |
Guidance from management
For Q2 2026, management estimates total throughput in the Petroleum segment to be approximately 200,000 to 215,000 barrels per day, with direct operating expenses ranging from $110 million to $120 million.
What management said
Matthew, it's Mark. Good afternoon. when the actions were taken in Venezuela in early January, we saw almost an immediate change in the the values for Western Canadian and that the differential backed up by about $3 a barrel. And when we looked at it, ran our models, we saw that at more value than our other alternatives. And so we've been running a lot more in Western Canadian, around 18,000 barrels a day. And so we'...
Okay. Well, thanks, everybody. We appreciate you joining our call today, and we look forward to discussing our second quarter results in late July. Thank you very much, and have a good day. .
What analysts pressed on
Analysts expressed concerns regarding the impact of rising RIN prices on margins and the company's ability to manage derivative exposures effectively. There were also questions about the sustainability of the dividend amidst ongoing market volatility.
Main topics on the call
- Geopolitical Impact on Markets — Management highlighted that 'major geopolitical events drove volatility in energy and fertilizer markets,' creating attractive market opportunities for the remainder of 2026. This has positioned CVR Energy to improve mar...
- Dividend Announcement — CVR Energy declared a dividend of $0.10 per share for Q1 2026, signaling confidence in cash flow generation and a commitment to returning capital to shareholders. This marks a return to dividend payments after a period o...
- Refining Segment Performance — The refining segment experienced a loss of $50 million in adjusted EBITDA, worsened by increased operating costs and realized derivative losses. However, management noted that 'global inventories of crude oil and refined...
- Fertilizer Segment Strength — The fertilizer segment reported adjusted EBITDA of $78 million, up from $53 million year-over-year, driven by high ammonia utilization rates of 103%. Management indicated that the spring planting season is progressing we...
Read the full CVR Energy, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About CVR Energy, Inc.
CVR Energy, Inc. (CVI) is a publicly listed company in the Oil, Gas and Consumable Fuels industry, within the Energy sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 31 calls on record spanning February 20, 2020 to July 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 31 CVR Energy, Inc. earnings call transcripts on record, spanning February 20, 2020 to July 30, 2026. Based on this history, CVR Energy, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CVI
- Exchange
- NYSE
- Country
- US
- Sector
- Energy
- Industry
- Oil, Gas and Consumable Fuels
- Calls on record
- 31
- First call
- February 20, 2020
- Most recent
- July 30, 2026
- Reporting cadence
- quarterly