Anyone researching CVR Energy, Inc. (NYSE:CVI) might want to consider the historical volatility of the share price...
NEW YORK, NY / ACCESSWIRE / May 26, 2020 / Levi & Korsinsky reminds former investors in CVR Refining, LP ("CVRR") of a class action lawsuit filed on behalf of all former owners of CVRR common ...
SUGAR LAND, Texas, May 06, 2020 -- CVR Energy, Inc. (NYSE: CVI) today announced a net loss of $87 million, or 87 cents per diluted share, on net sales of $1.1 billion for the.
With me today are Dave Lamp, our Chief Executive Officer; Tracy Jackson, our Chief Financial Officer; Dave Landreth, our Chief Commercial Officer, and other members of management. In light of the uncertainties faced in the global economy and the US industry, refining industry, our Board has elected to reduce the first quarter dividend to $0.40 per share.
CVR Energy Inc is looking to convert certain units in its refineries to renewable diesel production to reduce its exposure to the cost of renewable fuel credits (RINs), the company said on Thursday. The project, which would involve using excess hydrogen capacity and converting some desulfurization units for renewable diesel production, is still in its early stages, the refiner's chief executive said on its first quarter earnings call. "The fact of the matter is we have existing assets and excess hydrogen," said David Lamp, president and CEO of CVR.
Moody's Investors Service, ("Moody's") affirmed all ratings for CVR Partners, LP ("CVR"); including the B2 Corporate Family Rating ("CFR"), its B2-PD probability of default rating and the B2 senior secured notes rating. Moody's changed the rating outlook to negative, based on the expectation that projected lower prices for nitrogen fertilizers will lead to weaker credit metrics despite a strong US spring planting season.
NEW YORK, NY / ACCESSWIRE / April 8, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
It looks like CVR Energy, Inc. (NYSE:CVI) is about to go ex-dividend in the next 3 days. This means that investors who...
Q4 2019 CVR Energy Inc Earnings Call
CVR Energy, Inc. (NYSE:CVI) came out with its annual results last week, and we wanted to see how the business is...
Forward-looking statements may be identified by words such as expects, anticipates, intends, plans, believes, seeks, estimates, will, or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries. Joining me on today's call is SungHwan Cho, our Chief Financial Officer.
Saudi Arabia, Russia and OPEC+ have agreed to historic cuts as sector debt piles up Continue reading...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
CVR Energy (NYSE:CVI) shareholders are no doubt pleased to see that the share price has bounced 37% in the last month...
SUGAR LAND, Texas, April 23, 2020 -- CVR Energy, Inc. (NYSE: CVI) plans to release its first quarter 2020 results on Wednesday, May 6, after the close of trading on the New.
Moody's Investors Service, ("Moody's") has affirmed Icahn Enterprises LP's (IEP) Ba3 corporate family rating (CFR), Ba3-PD probability of default rating and Ba3 guaranteed senior unsecured debt ratings. For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices.
U.S. refiners are expected to report poor first-quarter results starting this week, but investors are more concerned about the outlook for coming months as various states ease movement restrictions designed to curb coronavirus infections. Fuel demand has dropped by roughly 25% in the United States and about 30% worldwide as the coronavirus pandemic has kept billions of people from traveling. U.S. refineries have throttled back production, operating at roughly two-thirds of capacity.
To the annoyance of some shareholders, CVR Energy (NYSE:CVI) shares are down a considerable 42% in the last month...
U.S. renewable fuel prices rose 25% on Wednesday, traders said, after a Bloomberg report stated that the Trump administration has decided to pare exemptions for oil refineries from the nation's biofuel blending laws. In late January the U.S. Court of Appeals for the 10th Circuit said the Environmental Protection Agency must reconsider some exemptions it previously gave to oil refineries. Following the report, renewable fuel (D6) credits
Billionaire investor Carl Icahn said he expects to see "good opportunities" to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained. "There will be good opportunities," Icahn said in an interview with Bloomberg Television on Friday, adding, however, "in the short term we could still see some big downdrafts."