CVR Energy Reports Third Quarter 2026 Results
Business Wire•03/11/2026•06:59 ET
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Key Highlights
- ➤CVR Energy net income $570 million, up from $374 million year-over-year
- ➤Adjusted EBITDA $582 million versus $180 million in third quarter 2025
- ➤Petroleum segment adjusted EBITDA $565 million, versus $120 million year-over-year
- ➤Marathon refinery acquisition agreement targets St. Paul Park and Mandan assets
- ➤EPA waiver removed $253 million liability from CVR Energy’s balance sheet
Expert Statements
Dane Neumann, President and Chief Executive Officer of CVR Energy
“We are incredibly excited about our announcements this morning of a definitive agreement to acquire two high quality refineries from Marathon Petroleum, along with the associated marketing and logistics assets.”
Dane Neumann, President and Chief Executive Officer of CVR Energy
“We also announced the best quarterly results in the Company’s history on both a consolidated basis and in the Petroleum segment, driven by strong operations across our system and record crack spreads.”
Dane Neumann, President and Chief Executive Officer of CVR Energy
“We are also pleased to announce a quarterly dividend of 10 cents per share.”
Dane Neumann, President and Chief Executive Officer of CVR Energy
“Looking ahead, we remain optimistic about the near-term outlook while we seek to close on our transformative transaction with Marathon Petroleum by the end of the year.”
Dane Neumann, President and Chief Executive Officer of CVR Energy
“CVR Partners’ results for the third quarter were impacted by the planned turnaround at its East Dubuque facility, which was completed in mid-October as scheduled.”
Dane Neumann, President and Chief Executive Officer of CVR Energy
“Despite the downtime associated with the turnaround, CVR Partners had another quarter of solid results and declared a cash distribution of $1.79 per common unit for the third quarter.”
* Separately announced today a definitive agreement to acquire Marathon Petroleum Corporation’s St. Paul Park and Mandan refineries and related marketing business
* Third quarter 2026 net income attributable to CVR Energy stockholders of $570 million; Adjusted EBITDA of $582 million
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