Cvr energy reports fourth quarter and full-year 2023 results and announces a cash dividend of 50 cents per share

Sugar land, texas, feb. 20, 2024 (globe newswire) -- cvr energy, inc. (“cvr energy” or the “company”) (nyse: cvi) today announced fourth quarter 2023 net income attributable to cvr energy stockholders of $91 million, or 91 cents per diluted share, on net sales of $2.2 billion, compared to fourth quarter 2022 net income attributable to cvr energy stockholders of $112 million, or $1.11 per diluted share, on net sales of $2.7 billion. adjusted earnings for the fourth quarter of 2023 was 65 cents per diluted share compared to adjusted earnings of $1.68 per diluted share in the fourth quarter of 2022. net income for the fourth quarter of 2023 was $97 million, compared to net income of $172 million in the fourth quarter of 2022. fourth quarter 2023 ebitda was $204 million, compared to fourth quarter 2022 ebitda of $313 million. adjusted ebitda for the fourth quarter of 2023 was $170 million, compared to adjusted ebitda of $388 million in the fourth quarter of 2022.
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