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Last $18.72 USD
Change Today +0.75 / 4.17%
Volume 420.9K
As of 4:15 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

cvr refining lp (CVRR) Snapshot

Open
$18.35
Previous Close
$17.97
Day High
$18.88
Day Low
$18.15
52 Week High
10/22/14 - $25.15
52 Week Low
01/14/15 - $13.37
Market Cap
2.8B
Average Volume 10 Days
581.4K
EPS TTM
$1.02
Shares Outstanding
147.6M
EX-Date
08/6/15
P/E TM
18.3x
Dividend
$3.92
Dividend Yield
14.16%
Current Stock Chart for CVR REFINING LP (CVRR)

cvr refining lp (CVRR) Related Businessweek News

No Related Businessweek News Found

cvr refining lp (CVRR) Details

CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. It owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas. The company also controls and operates logistics assets, including approximately 336 miles of owned and leased pipelines; approximately 150 owned crude oil transports; a network of crude oil gathering tank farms; and approximately 6.0 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.5 million barrels of combined refinery related storage capacity. In addition, it owns 170,000 barrels per day pipeline system that transports crude oil from its Broome Station facility to its Coffeyville refinery; approximately 1.4 million barrels of crude oil storage capacity, which supports the gathering system and its Coffeyville refinery; approximately 0.9 million barrels of crude oil storage capacity at its Wynnewood refinery; and approximately 1.0 million barrels of crude oil storage capacity in Cushing, Oklahoma, as well as leases crude oil storage capacity of approximately 2.8 million barrels in Cushing, and approximately 0.1 million barrels at its Wynnewood refinery. CVR Refining GP, LLC operates as the general partner of CVR Refining, LP. The company was founded in 2012 and is based in Sugar Land, Texas.

982 Employees
Last Reported Date: 02/20/15
Founded in 2012

cvr refining lp (CVRR) Top Compensated Officers

Chief Executive Officer of CVR Refining GP LL...
Total Annual Compensation: $1.0M
Chief Financial Officer of CVR Refining GP LL...
Total Annual Compensation: $390.0K
Executive Vice President of Refining Operatio...
Total Annual Compensation: $325.0K
Senior Vice President of Economics & Planning...
Total Annual Compensation: $245.0K
Chief Commercial Officer of CVR Refining GP L...
Total Annual Compensation: $27.6K
Compensation as of Fiscal Year 2014.

cvr refining lp (CVRR) Key Developments

CVR Refining, LP Announces Distribution for the Second Quarter Ended June 30, 2015, Payable on August 17, 2015; Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Operating Guidance for the Third Quarter of Fiscal 2015

CVR Refining, LP announced distribution of 98 cents per common unit for the second quarter ended June 30, 2015. The distribution, as set by the board of CVR Refining GP, LLC, the general partner of CVR Refining, will be paid on August 17, 2015, to unit holders of record on August 10, 2015. The company announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $1,547.5 million compared to $2,466.3 million for the same period a year ago. Operating income was $250.8 million compared to $151.9 million for the same period a year ago. Income before income tax expense was $227.8 million compared to $180.0 million for the same period a year ago. Net income was $227.8 million compared to $180.0 million for the same period a year ago. Net income per common unit, basic and diluted was $1.54 compared to $1.22 for the same period a year ago. Adjusted EBITDA was $194.3 million compared to $192.9 million for the same period a year ago. Net cash used in operating activities was $160.0 million compared to $199.2 million for the same period a year ago. Capital expenditures for property, plant and equipment was $36.4 million compared to $47.4 million for the same period a year ago. EBITDA was $272.3 million compared to $218.5 million for the same period a year ago. For the six months, the company reported net sales of $2,852.0 million compared to $4,841.7 million for the same period a year ago. Operating income was $360.0 million compared to $316.5 million for the same period a year ago. Income before income tax expense was $274.5 million compared to $445.4 million for the same period a year ago. Net income was $274.5 million compared to $445.4 million for the same period a year ago. Net income per common unit, basic and diluted was $1.86 compared to $3.02 for the same period a year ago. Adjusted EBITDA was $356.0 million compared to $387.0 million for the same period a year ago. Net cash used in operating activities was $308.5 million compared to $457.4 million for the same period a year ago. Capital expenditures for property, plant and equipment was $78.1 million compared to $105.3 million for the same period a year ago. EBITDA was $364.2 million compared to $522.0 million for the same period a year ago. For the quarter, the company announced barrels sold of 224,031 barrels per day compared to 224,295 barrels per day for the same period a year ago. Total throughput was 221,095 bpd compared to 221,469 bpd for the same period a year ago. Total refining production (excluding internally produced fuel) was 222,480 bpd compared to 223,163 bpd for the same period a year ago. For the six months, the company announced barrels sold of 220,876 barrels per day compared to 220,760 barrels per day for the same period a year ago. Total throughput was 218,076 bpd compared to 217,784 bpd for the same period a year ago. Total refining production (excluding internally produced fuel) was 219,949 bpd compared to 219,325 bpd for the same period a year ago. The company provided operating guidance for the third quarter of fiscal 2015. The company anticipated total crude throughput to be between 175,000 bpd and 190,000 bpd. The company anticipated total refining production to be between 190,000 bpd and 200,000 bpd. In 2015, the company estimates total capital spending to be approximately $280 million to $305 million, of which, $164 million to $178 million is estimated to be environmental and maintenance capital, with the remaining $116 million to $127 million being growth capital, primarily associated with the hydrogen plant project at Coffeyville refinery.

CVR Refining, LP to Report Q2, 2015 Results on Jul 30, 2015

CVR Refining, LP announced that they will report Q2, 2015 results at 1:00 PM, US Eastern Standard Time on Jul 30, 2015

CVR Refining, LP, Q2 2015 Earnings Call, Jul 30, 2015

CVR Refining, LP, Q2 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

CVRR

Industry Average

Valuation CVRR Industry Range
Price/Earnings 14.1x
Price/Sales 0.4x
Price/Book 1.7x
Price/Cash Flow 8.3x
TEV/Sales 0.2x
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