Petroleum refiner CVR Energy Q3 revenue beats expectations

Overview

• CVR Energy Q3 2025 revenue beats analyst expectations, adjusted EPS also exceeds estimates

• Net income for Q3 2025 rises to $401 mln, reversing prior year loss

• Company benefited from EPA decision, removing $488 mln liability from balance sheet

Outlook

• Company plans to revert renewable diesel unit to hydrocarbon processing by December 2025

• CVR Energy anticipates geopolitical tensions and refinery closures to impact market conditions

Result Drivers

• EPA WAIVERS - Removal of $488 mln liability due to EPA waivers significantly boosted results

• PETROLEUM SEGMENT - Higher throughput and increased crack spreads improved refining margins

• NITROGEN FERTILIZER - Higher ammonia and UAN prices drove segment's positive performance

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 5 "sell" or "strong sell"

• The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

• Wall Street's median 12-month price target for CVR Energy Inc is $29.00, about 32.4% below its October 28 closing price of $38.40

• The stock recently traded at 93 times the next 12-month earnings vs. a P/E of 69 three months ago

Press Release: ID:nBw52wjXNa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)