CVR Energy (CVI) Misses Q3 EPS by 46c
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CVR Energy Reports Fourth Quarter and Full-Year 2020 Results
February 22, 2021 5:09 PM ESTReported fourth quarter and full-year 2020 net loss of $67 million and $256 million, respectively, negatively impacted by the COVID-19 pandemic and flawed Renewable Fuel Standard program. Reacted quickly to COVID-19 pandemic: Operated safely and reliably; Exceeded targeted $50 million annual reduction in operating and SG&A expenses; Safely deferred turnarounds in both petroleum and fertilizer segments. Redirected capital from process improvement projects to Wynnewood Renewable... More
