CVR Energy Reports Mixed Fourth-Quarter Results
SUGAR LAND, Texas - CVR Energy Inc. (CVI) announced its financial performance for the fourth quarter of 2023.
Key Highlights:
* Net income of $28 million, down from the previous quarter
* Earnings per share of 28 cents
* Adjusted loss per share of 13 cents
* Revenue of $1.95 billion
Annual Results:
* Net income of $7 million for the full year
* Earnings per share of 6 cents
* Revenue of $7.61 billion
Additional Information:
The company's revenue declined in the fourth quarter compared to the previous year. However, annual revenue increased slightly. Adjusted loss per share was primarily driven by non-recurring expenses.
CVR Energy is a diversified holding company with operations in refining, nitrogen fertilizer, and convenience stores. The company's stock is traded on the New York Stock Exchange under the ticker symbol "CVI."