Cvr energy reports first quarter 2024 results and announces a cash dividend of 50 cents

Sugar land, texas, april 29, 2024 (globe newswire) -- cvr energy, inc. (“cvr energy” or the “company”) (nyse: cvi) today announced net income attributable to cvr energy stockholders of $82 million, or $0.81 per diluted share, on net sales of $1.9 billion for the first quarter of 2024, compared to net income attributable to cvr energy stockholders of $195 million, or $1.94 per diluted share, on net sales of $2.3 billion for the first quarter of 2023. adjusted earnings for the first quarter of 2024 was 4 cents per diluted share compared to adjusted earnings of $1.44 per diluted share in the first quarter of 2023. net income for the first quarter of 2024 was $90 million, compared to net income of $259 million in the first quarter of 2023. first quarter 2024 ebitda was $203 million, compared to first quarter 2023 ebitda of $401 million. adjusted ebitda for the first quarter of 2024 was $99 million, compared to adjusted ebitda of $334 million in the first quarter of 2023.
CVI Ratings Summary
CVI Quant Ranking