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Last $41.37 USD
Change Today -0.63 / -1.50%
Volume 364.0K
CVI On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

cvr energy inc (CVI) Key Developments

CVR Energy Declares Cash Dividend for the Fourth Quarter of 2014, Payable on March 9, 2015

CVR Energy announced a fourth quarter 2014 cash dividend of 50 cents per share. The dividend, as declared by CVR Energy's Board of Directors, will be paid on March 9, 2015, to stockholders of record on March 2, 2015.

CVR Energy, Inc. Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

CVR Energy announced unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter of 2014, the company reported a net loss of $44.4 million, or a loss of 51 cents per diluted share, on net sales of $1,841.8 million, compared to a fourth quarter 2013 net loss of $21.7 million, or a loss of 25 cents per diluted share, on net sales of $2,436.0 million. Net income for the 2014 fourth quarter was negatively affected by an unfavorable first-in, first-out (FIFO) accounting impact of $154.6 million. Fourth quarter 2014 adjusted EBITDA was $81.7 million compared to adjusted EBITDA of $110.0 million for the same period a year earlier. Operating loss was $90.6 million against operating income of $39.7 million of prior year period. Loss before income tax (benefit) was $90.7 million against $79.7 million of prior year period. Adjusted net income attributable to CVR Energy stockholders was $24.4 million or $0.28 diluted per share against $61.7 million or $0.71 diluted per share of prior year period. Net cash provided by operating activities was $109.5 million against $118.8 million of prior year period. Consolidated capital expenditures were $47.0 million against $72.9 million a year ago. Fourth quarter results were primarily impacted by volatile crude and product markets as well as an unplanned outage of the Fluid Catalytic Cracking Unit at CVR Refining's Wynnewood refinery. For the year, net income was $173.9 million, or $2.00 per diluted share, on net sales of $9,109.5 million, compared to net income for full year 2013 of $370.7 million, or $4.27 per diluted share, on net sales of $8,985.8 million. Full year 2014 adjusted EBITDA, a non-GAAP financial measure, was $473.5 million compared to full year 2013 adjusted EBITDA of $659.7 million. Operating income was $264.3 million against $710.5 million of prior year period. Income before income tax expense was $407.1 million against $705.7 million of prior year. Adjusted net income attributable to CVR Energy stockholders was $218.4 million or $2.51 diluted per share against $348.6 million or $4.01 diluted per share of prior year period. Net cash provided by operating activities was $640.3 million against $440.1 million of prior year period. Consolidated capital expenditures were $218.4 million against $256.5 million a year ago. Fourth quarter 2014 throughputs of crude oil and all other feedstocks and blendstocks totaled 212,263 barrels per day (bpd), compared to fourth quarter 2013 throughputs of crude oil and all other feedstocks and blendstocks of 216,876 bpd. Full year 2014 throughputs of crude oil and all other feedstocks and blendstocks totaled 207,829 barrels per day (bpd), compared to 2013 throughputs of crude oil and all other feedstocks and blendstocks of 197,689 bpd.

CVR Energy, Inc. to Report Q4, 2014 Results on Feb 19, 2015

CVR Energy, Inc. announced that they will report Q4, 2014 results at 3:00 PM, US Eastern Standard Time on Feb 19, 2015

CVR Energy, Inc., Q4 2014 Earnings Call, Feb 19, 2015

CVR Energy, Inc., Q4 2014 Earnings Call, Feb 19, 2015

CVR Energy, Inc., CVR Refining, LP and CVR Partners, LP Announce Executive Changes

CVR Energy, Inc. announced that John R. Walter will become the company's senior vice president, general counsel and secretary, effective immediately. Walter will also serve as senior vice president, general counsel and secretary for the general partner of CVR Refining, LP and CVR Partners, LP. He replaces Edmund S. Gross, who retired on Dec. 31, 2014. Walter joined CVR Energy in 2008 as associate general counsel and later served as vice president, associate general counsel and assistant secretary. In his new role, Walter will lead all corporate legal functions, as well as provide strategic counsel to all CVR Energy companies. He will also serve in the corporate secretary role. Prior to joining CVR Energy, Walter served as a corporate and transactional attorney for Kansas City, Stinson Morrison Hecker, LLP and Seigfreid, Bingham, Levy, Selzer & Gee, P.C. for a combined six years.

 

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CVI

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Valuation CVI Industry Range
Price/Earnings 20.6x
Price/Sales 0.4x
Price/Book 3.6x
Price/Cash Flow 10.9x
TEV/Sales 0.2x
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