CVR Refining (CVRR) Tops Q2 EPS by 23c

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Go back to CVR Refining (CVRR) Tops Q2 EPS by 23c

CVR Energy Reports 2016 Second Quarter Results And Announces Cash Dividend of 50 Cents

July 28, 2016 8:31 AM EDT

SUGAR LAND, Texas, July 28, 2016 /PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI) today announced second quarter 2016 net income of $28.4 million, or 33 cents per diluted share, on net sales of $1,283.2 million, compared to net income of $101.9 million, or $1.17 per diluted share, on net sales of $1,624.2 million for the 2015 second quarter. Second quarter 2016 adjusted EBITDA, a non-GAAP financial measure, was $64.4 million, compared to second quarter 2015 adjusted EBITDA of $145.7 million.

For the first six months of 2016, net income was $12.2 million, or 14 cents... More

CVR Refining Reports 2016 Second Quarter Results

July 28, 2016 8:30 AM EDT

SUGAR LAND, Texas, July 28, 2016 /PRNewswire/ -- CVR Refining, LP (NYSE: CVRR), a refiner and marketer of petroleum fuels, today announced second quarter 2016 net income of $78.1 million on net sales of $1,164.4 million, compared to net income of $227.8 million on net sales of $1,547.5 million for the second quarter of 2015. Adjusted EBITDA, a non-GAAP financial measure, for the 2016 second quarter was $84.7 million compared to adjusted EBITDA of $194.3 million for the 2015 second quarter.

For the first six months of 2016, net income was... More