CVR Energy (CVI) Tops Q1 EPS by 49c

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Go back to CVR Energy (CVI) Tops Q1 EPS by 49c

CVR Energy Reports First Quarter 2019 Results and Announces Cash Dividend of 75 Cents

April 24, 2019 4:18 PM EDT

SUGAR LAND, Texas, April 24, 2019 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced net income of $101 million, or $1.00 per diluted share, on net sales of $1,486 million for the first quarter of 2019, compared to net income of $60 million, or 69 cents per diluted share, on net sales of $1,537 million for the first quarter of 2018. First quarter 2019 EBITDA was $230 million, compared to first quarter 2018 EBITDA of $205 million.

CVR Energy reported solid results for the first quarter 2019, driven by safe and reliable operations, wide Brent-WTI differentials, rising crude oil prices, hedging gains and... More