CVR Energy (CVI) Declares $0.75 Quarterly Dividend; 8.4% Yield

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CVR Energy Reports Third Quarter 2018 Results and Announces Cash Dividend of 75 Cents

October 24, 2018 4:30 PM EDT

SUGAR LAND, Texas, Oct. 24, 2018 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced net income of $90 million, or 94 cents per diluted share, on net sales of $1,935 million for the third quarter of 2018, compared to net income of $22 million, or 26 cents per diluted share, on net sales of $1,454 million for the 2017 third quarter. Third quarter 2018 adjusted EBITDA was $172 million, compared to third quarter 2017 adjusted EBITDA of $91 million.

For the first nine months of 2018, net income was $207 million, or $2.31 per diluted share, on net sales of $5,386 million, compared to net income... More