CVR Energy (CVI) Declares $1 Special Dividend; $0.40 Quarterly Dividend

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Go back to CVR Energy (CVI) Declares $1 Special Dividend; $0.40 Quarterly Dividend

CVR Energy Reports Third Quarter 2022 Results, Announces a Cash Dividend of 40 cents and a Special Dividend of $1.00

October 31, 2022 5:52 PM EDT

SUGAR LAND, Texas, Oct. 31, 2022 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (CVR Energy or the Company) (NYSE: CVI) today announced net income of $93 million, or 92 cents per diluted share, on net sales of $2.7 billion for the third quarter of 2022, compared to net income of $84 million, or 83 cents per diluted share, on net sales of $1.9 billion for the third quarter of 2021. Adjusted earnings for the third quarter of 2022 was $1.90 per diluted share compared to an adjusted loss of 24 cents per diluted share in the third quarter of 2021, primarily driven by improved crack spreads. Third quarter 2022 EBITDA was... More