AI-extracted from the 10-Q filed 2026-07-29 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 net income of $46M vs. loss of $90M YoY, driven by higher crack spreads and strong nitrogen fertilizer pricing amid geopolitical tensions.
Biggest Revenue Drivers
Petroleum Segment$2,536M+63% YoY
Higher gasoline and distillate prices, increased throughput from prior-year turnaround recovery, offset by higher RFS compliance costs.
Nitrogen Fertilizer Segment$202M+20% YoY
Ammonia and UAN prices increased 33% and 24% respectively due to tight inventory and Middle East supply disruptions.
Biggest Revenue Drivers
Total revenue: $2,738M+55% YoY
Petroleum Segment$2,536M+63% YoY
Higher gasoline and distillate prices, increased throughput from prior-year turnaround recovery, offset by higher RFS compliance costs.
Nitrogen Fertilizer Segment$202M+20% YoY
Ammonia and UAN prices increased 33% and 24% respectively due to tight inventory and Middle East supply disruptions.
Largest Expense Items
Cost of materials and other$2,370M+50% YoY
Higher crude oil and feedstock costs reflecting increased throughput and elevated commodity prices.
Direct operating expenses$174M+3% YoY
Increased personnel, utilities, and production chemicals from higher throughput volumes.
Depreciation and amortization$77M+1% YoY
Asset additions from prior-year refinery turnaround work, partially offset by retirements.
Margins: Refining margin per barrel improved to $9.94 from $2.21 YoY, driven by Iran War-induced crack spread increases and higher throughput utilization. Nitrogen fertilizer segment benefited from elevated global ammonia and UAN pricing, offsetting lower crude oil cost impacts in petroleum.
Watch Items from the Filing
RFS liability of $408M (169M RINs) as of June 30, 2026 vs. $72M year-end 2025; RIN prices averaged $13.78/barrel in Q2 vs. $6.08 prior year, creating material cost exposure.
Derivative losses of $75M in Q2 2026 and $257M YTD 2026 from unfavorable crack swap positions, creating significant unrealized mark-to-market volatility.
Petroleum segment operating margin dependent on continued elevated crack spreads from Iran War disruptions; normalization would materially reduce earnings.
Multiple pending litigation matters including RFS small refinery exemption challenges, guaranty dispute with ExxonMobil, and ammonia release claims that could have material adverse effects.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Capps J. Travis Jr.EVP & Chief Commercial OfficerGrant or award · Feb 18, 2026
Lamp David LPresident and CEOGrant or award · Dec 10, 2025
Pytosh Mark AEVP - Corporate ServicesGrant or award · Dec 10, 2025
Neumann Dane J.EVP & Chief Financial OfficerGrant or award · Dec 10, 2025
Buhrig Melissa MEVP, General Counsel & Sec.Grant or award · Dec 10, 2025
Wright Michael H. Jr.EVP & Chief Operating OfficerGrant or award · Dec 10, 2025
Johnson Charles DouglasEVP & Chief Commercial OfficerGrant or award · Dec 10, 2025
Conaway Jeffrey D.VP, CAO & Corp. ControllerGrant or award · Dec 10, 2025
About CVR ENERGY INC (CVI): stock profile, AI score and financials
CVR ENERGY INC (CVI) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores CVI at 50.9/100 on a composite quality score built from its SEC filings, placing it at rank #1,582 of 2,925 stocks — the bottom half of the AI-ranked universe. CVI scores in the top quartile across earnings quality (89.2), revenue scale (84.4). Areas of concern include revenue growth (23.4) and free cash flow (39.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), CVR ENERGY INC reports quarterly revenue of $2.7B, net income of $-3.0M, an operating margin of 2.9%. Top institutional holders of CVI by reported 13-F value include ICAHN CARL C, BlackRock, STATE STREET, based on the most recent SEC filings. CVI trades on the NYSE exchange and files with the SEC under CIK 1376139. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CVI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CVR ENERGY INC directly from SEC EDGAR.