Earnings Releases·Nov 3, 2026, 8:25 AM ET

CVR Energy — Third Quarter 2026 Earnings Summary

Consolidated net income surged to $563 million ($5.67 per diluted share) in Q3 2026 from $401 million ($3.72 per diluted share) in Q3 2025, driven by record consolidated net sales of $3.28 billion and adjusted EBITDA of $582 million compared to $180 million in the prior year period.
The Petroleum segment delivered record results with adjusted EBITDA of $565 million and a refining margin of $34.97 per barrel, while the Nitrogen Fertilizer segment reported a $11 million net loss due to a planned turnaround and lower utilization rates.
Management provided Q4 2026 guidance for Petroleum throughput between 210,000–225,000 barrels per day and total capital expenditures of $75 million–$95 million, while expressing optimism to close the acquisition of Marathon Petroleum's St. Paul Park and Mandan refineries by year-end.
The company announced a definitive agreement to acquire Marathon Petroleum's refining assets, removed a $253 million EPA-related liability following a 2025 compliance waiver, and declared a $0.10 per share dividend and $1.79 per unit distribution for CVR Partners.