Cvr energy reports fourth quarter and full-year 2022 results and announces a cash dividend of 50 cents per share

Sugar land, texas, feb. 21, 2023 (globe newswire) -- cvr energy, inc. (“cvr energy” or the “company”) (nyse: cvi) today announced fourth quarter 2022 net income of $112 million, or $1.11 per diluted share, on net sales of $2.7 billion, compared to a fourth quarter 2021 net loss of $14 million, or 14 cents per diluted share, on net sales of $2.1 billion. adjusted earnings for the fourth quarter of 2022 was $1.68 per diluted share compared to an adjusted loss of 20 cents per diluted share in the fourth quarter of 2021, primarily driven by improved crack spreads. fourth quarter 2022 ebitda was $313 million, compared to fourth quarter 2021 ebitda of $116 million. adjusted ebitda for the fourth quarter of 2022 was $388 million, compared to adjusted ebitda of $109 million in the fourth quarter of 2021.
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