CVR Energy Q3 sales and adjusted EPS beat estimates on higher crack spreads
CVI•CVR Energy reported Q3 sales of $3.28 billion and adjusted EPS of $4, above analyst estimates of $2.29 billion and $2.43, respectively. The company forecast Q4 2026 petroleum throughput of 210,000-225,000 barrels per day.
1. Quarterly results
CVR Energy said record crack spreads and strong operations drove its best quarterly results in company history. Q3 sales were $3.28 billion versus an analyst consensus of $2.29 billion, while adjusted EPS of $4 beat the $2.43 estimate.
2. Outlook and other items
For Q4 2026, the company expects petroleum throughput of 210,000-225,000 barrels per day and crude utilization of 95%-100%. It forecasts an 88%-93% ammonia utilization rate for its nitrogen fertilizer business. An EPA full waiver for the Wynnewood refinery removed a $253 million liability; a planned turnaround at East Dubuque weighed on nitrogen fertilizer results.
