CVR Refining (CVRR) Misses Q2 EPS by 1c

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CVR Refining Reports 2018 Second Quarter Results And Announces Cash Distribution of 66 Cents

July 25, 2018 4:30 PM EDT

SUGAR LAND, Texas, July 25, 2018 (GLOBE NEWSWIRE) -- CVR Refining, LP (NYSE: CVRR), a refiner and marketer of petroleum fuels, today announced net income of $118 million on net sales of $1,824 million for the second quarter of 2018, compared to a net loss of $19 million on net sales of $1,338 million for the second quarter of 2017. Adjusted EBITDA, a non-GAAP financial measure, for the 2018 second quarter was $147 million compared to adjusted EBITDA of $43 million for the 2017 second quarter.

For the first six months of 2018, net income was $265 million on net sales of $3,282 million,... More