CVR Energy Narrows Loss to Near Breakeven in Q2 2026, Declares $0.10 Dividend
CVI sits 84% above its 52-week low of $19.62.
Summary
CVR Energy posted a near-breakeven Q2 2026, a massive swing from last year's loss, and declared a $0.10 dividend. Strong refining and fertilizer operations drove $209 million in adjusted EBITDA.
Key Events · Earnings and Guidance · CVI
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Q2 2026 Net Loss Narrows to $3M
Net loss attributable to CVR Energy stockholders was $3 million, or $0.03 per share, compared to a $114 million loss in Q2 2025. Adjusted earnings were $0.34 per share.
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Adjusted EBITDA Surges to $209M
Adjusted EBITDA reached $209 million, more than double the $99 million in Q2 2025, driven by higher refining margins and strong nitrogen fertilizer performance.
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Dividend Declared at $0.10/Share
The Board declared a cash dividend of $0.10 per share, payable August 17, 2026 to stockholders of record August 10, 2026 — the first dividend since at least early 2025.
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Petroleum Segment Runs at 98% Utilization
Total throughput averaged 212,965 bpd with crude utilization of 98.4%, capturing a Group 3 2-1-1 crack spread of $44.91/bbl. Adjusted refining margin was $12.43/bbl.
Analysis · CVI · Energy & Transportation
A dramatic improvement in refining margins and high utilization rates drove CVR Energy's net loss down to just $3 million in Q2 2026, from $114 million a year ago. Adjusted EBITDA surged to $209 million, and the company declared a $0.10 per share dividend — its first since at least early 2025. The petroleum segment ran at 98% crude utilization, capturing elevated crack spreads, while the nitrogen fertilizer segment benefited from tight global markets. With $737 million in cash and positive free cash flow, the results signal a sharp operational turnaround, though the company remains exposed to volatile commodity markets and RFS costs.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 29.7% of the 1739 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CVI was trading at $36.11 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $19.62 to $41.67. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.