CVR Energy (CVI) Declares $0.50 Quarterly Dividend; 5.6% Yield

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Go back to CVR Energy (CVI) Declares $0.50 Quarterly Dividend; 5.6% Yield

CVR Energy Reports 2018 First Quarter Results And Announces Cash Dividend of 50 Cents

April 26, 2018 8:34 AM EDT

SUGAR LAND, Texas, April 26, 2018 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced net income of $66 million, or 76 cents per diluted share, on net sales of $1,537 million for the first quarter of 2018, compared to net income of $22 million, or 26 cents per diluted share, on net sales of $1,507 million for the 2017 first quarter. First quarter 2018 adjusted EBITDA, a non-GAAP financial measure, was $86 million, compared to first quarter 2017 adjusted EBITDA of $80 million.

CVR Refining reported solid financial results for the 2018 first quarter, said Dave Lamp, CVR Energys chief executive officer. The quarters fiscal... More