Notable Runner: CVR Energy Inc. (NYSE: CVI)

SUGAR LAND, Texas, May 13, 2020 – Shares of CVR Energy Inc. (NYSE: CVI) declined -1.90% to $20.67. The stock traded total volume of 14.126K shares lower than the average volume of 1.21M shares.

CVR Energy Inc. (NYSE: CVI) reported net income of $119.0M, or $1.18 per diluted share, on net sales of $1,622.0M for the third quarter of 2019, contrast to net income of $81.0M, or 85 cents per diluted share, on net sales of $1,935.0M for the third quarter of 2018. Third quarter 2019 EBITDA was $235.0M, contrast to third quarter 2018 EBITDA of $235.0M.

Petroleum:

The petroleum segment reported third quarter 2019 operating income of $173.0M on net sales of $1,535.0M, contrast to operating income of $167.0M on net sales of $1,857.0M in the third quarter of 2018.

Refining margin per total throughput barrel was $16.34 in the third quarter of 2019, contrast to $15.70 during the same period in 2018. Crude oil pricing during the quarter led to an inventory valuation impact of $1.0M, or 3 cents per total throughout barrel, contrast to $3.0M, or $0.12 per total throughput barrel, in the third quarter of 2018. Impacting refining margin was a reduction to the 2018 renewable volume obligation, which led, in part, to a $22.0M decrease in RINs expense for the third quarter of 2019 relative to the same period in 2018. The petroleum segment also recognized a third quarter 2019 derivative gain of $18.0M, or 90 cents per total throughput barrel, contrast to a gain of $5.0M, or 28 cents per total throughput barrel, for the third quarter of 2018. Included in the total derivative gain for the third quarter of 2019 was an unrealized gain of $14.0M, contrast to an unrealized loss of $4.0M for the third quarter of 2018.

Fertilizer:

The nitrogen fertilizer segment reported an operating loss of $8.0M on net sales of $89.0M for the third quarter of 2019, contrast to operating income of $3.0M on net sales of $80.0M for the third quarter of 2018.

Cash, Debt and Dividend:

Consolidated cash and cash equivalents was $692.0M at Sep. 30, 2019. Consolidated total debt and finance lease obligations were $1,195.0M at Sep. 30, 2019, with no debt other than the Petroleum and Fertilizer segments’ debt.

CVI has the market capitalization of $1.93B and its EPS growth ratio for the past five years was 13.50%. The return on assets ratio of the Company was 4.90% while its return on investment ratio stands at 17.40%. Price to sales ratio was 0.30 while 94.90% of the stock was owned by institutional investors.

Robert  Campbell

I am Robert Campbell and I’m passionate about capitalism and news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Liberty Headquarters with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of free markets, conservative news and gun rights category. Address: 3516 Candlelight Drive, Houston, TX 77042, USA Phone: (+1) 281-430-8376 Email: robertcampbell@libertyheadquarters.com

Robert  Campbell

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