CVR Energy, Inc., is engaged in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company is headquartered in Sugar Land, Texas.
| Revenue (TTM) | $7.50B |
| Gross Profit (TTM) | $739.00M |
| EBITDA | $587.00M |
| Operating Margin | -7.32% |
| Return on Equity | 4.65% |
| Return on Assets | 2.67% |
| Revenue/Share (TTM) | $74.59 |
| Book Value | $5.35 |
| Price-to-Book | 5.32 |
| Price-to-Sales (TTM) | 0.38 |
| EV/Revenue | 0.554 |
| EV/EBITDA | 6.92 |
| Quarterly Earnings Growth (YoY) | -68.10% |
| Quarterly Revenue Growth (YoY) | 20.30% |
| Shares Outstanding | $100.53M |
| Float | $29.32M |
| % Insiders | 0.00% |
| % Institutions | 102.23% |
Volatility is currently contracting
CVR Energy remains undervalued despite sector tailwinds, with shares offering 25% upside and a 'Buy' rating reaffirmed. Crack spreads are exceptionally wide, driving windfall profits, but CVI's hedging strategy has limited near-term upside versus peers. Balance sheet repair is progressing, with gross debt expected to reach the $1 billion target by year-end and a cautious dividend reinstated.
CVR Energy is rated a Strong Buy, driven by its resilient refining business and valuable stake in CVR Partners. CVI's upside hinges on potential EPA waivers that could eliminate $204 million in RIN obligations, unlocking 7–49% equity value. Petroleum segment benefits from mid-continent location, access to discounted WCS feedstock, and high facility complexity for margin resilience.
CVR Energy's refining setup improved materially as Group 3 crack spreads strengthened sharply and 2026 should be a much cleaner operational year. The main problem is not weak refining benchmarks, but weak margin capture, as elevated RIN costs absorbed much of the benefit from stronger cracks in 1Q26. Despite the recent re-rating, CVI still lagged refining peers, suggesting the market remains skeptical that better refining economics will fully translate into EBITDA and free cash flow.
CVR Energy, Inc. is benefiting from surging Mid-Continent refining margins, but weak capture rates limit the upside. RIN costs have jumped sharply, exposing CVI's modest renewable blending capacity and regulatory burden. Governance complexity, underinvestment, a mixed track record, and capital-heavy maintenance needs keep CVI stock at Hold.
Investors need to pay close attention to CVI stock based on the movements in the options market lately.
CVR Energy, Inc. (CVI) Q1 2026 Earnings Call Transcript
CVR (CVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Undercovered Dozen series spotlights 12 lesser-covered stocks from the past week on Seeking Alpha. This week's edition covers articles published between March 27 and April 2, offering fresh investment ideas. The focus is on stocks that may offer unique opportunities due to limited analyst coverage.
