BofA warns Fed risks policy mistake with early rate cuts
SUGAR LAND, Texas - CVR Energy, Inc. (NYSE:CVI), which has seen its stock surge over 52% in the past six months according to InvestingPro data, reported a second quarter 2025 net loss of $114 million, or $1.14 per diluted share, compared to net income of $21 million, or 21 cents per diluted share, in the same period last year. The company’s current market capitalization stands at $2.8 billion.
The company’s quarterly results were significantly impacted by an $89 million unfavorable mark-to-market adjustment on its Renewable Fuel Standard (RFS) obligation and reduced throughput volumes following the completion of a planned turnaround at its Coffeyville refinery. According to InvestingPro analysis, five analysts have recently revised their earnings expectations downward for the upcoming period, with consensus suggesting the company may not be profitable this year.
Adjusted loss for the quarter was 23 cents per diluted share, compared to adjusted earnings of 9 cents per diluted share in the second quarter of 2024. Second quarter EBITDA loss was $24 million, while adjusted EBITDA reached $99 million.
The Petroleum Segment reported a second quarter net loss of $137 million with combined total throughput of approximately 172,000 barrels per day, down from 186,000 barrels per day in the prior-year period. The lower throughput was primarily attributed to processing intermediate inventories built during the Coffeyville refinery turnaround.
Meanwhile, CVR Partners, the company’s nitrogen fertilizer business, achieved a combined ammonia production rate of 91 percent and declared a second quarter cash distribution of $3.89 per common unit. The segment reported net income of $39 million on net sales of $169 million.
The company also announced leadership changes, with Mark Pytosh set to assume the role of President, Chief Executive Officer and Director on January 1, 2026, following Dave Lamp’s retirement. Additionally, Brett Icahn has been appointed to the Board of Directors effective August 1, 2025.
CVR Energy reported consolidated cash and cash equivalents of $596 million at June 30, 2025, a decrease of $391 million from December 31, 2024. The company prepaid $70 million in principal of its Term Loan in June and an additional $20 million in July 2025.
The company will not pay a cash dividend for the second quarter of 2025, according to the press release statement. Despite this pause, InvestingPro data shows CVR Energy has maintained dividend payments for 12 consecutive years, with a significant historical dividend yield averaging 17% over the past three years. For investors seeking deeper insights, InvestingPro offers comprehensive analysis through its Pro Research Report, available for over 1,400 US stocks including CVI.
In other recent news, CVR Energy has seen significant developments that could impact investors. The company announced amendments to its 2007 Long-Term Incentive Plan, approved during its annual stockholder meeting. These amendments increase the number of shares reserved under the plan by 2.5 million, bringing the total to 10 million shares, and extend the plan’s term to April 21, 2035. Meanwhile, Mizuho has raised its price target for CVR Energy from $25 to $30, maintaining a Neutral rating. This adjustment comes despite expectations that CVR Energy may miss second-quarter consensus estimates for EBITDA and earnings per share. In contrast, Raymond James has downgraded CVR Energy from Market Perform to Underperform. This downgrade reflects the view that the current favorable margin environment for CVR Energy’s refining portfolio is already accounted for in the company’s valuation. These recent developments highlight diverse perspectives on CVR Energy’s potential, with analysts offering varying outlooks.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.