Cvr energy reports second quarter 2023 results, announces a cash dividend of 50 cents and a special dividend of $1.00

Sugar land, texas, july 31, 2023 (globe newswire) -- cvr energy, inc. (“cvr energy” or the “company”) (nyse: cvi) today announced net income of $130 million, or $1.29 per diluted share, on net sales of $2.2 billion for the second quarter of 2023, compared to net income of $165 million, or $1.64 per diluted share, on net sales of $3.1 billion for the second quarter of 2022. adjusted earnings for the second quarter of 2023 was $1.64 per diluted share compared to adjusted earnings of $2.45 per diluted share in the second quarter of 2022, with the decline in the current period primarily driven by lower crack spreads. second quarter 2023 ebitda was $300 million, compared to second quarter 2022 ebitda of $401 million. adjusted ebitda for the second quarter of 2023 was $347 million, down from $511 million in the second quarter of 2022.
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