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Stock impact report

CVR Energy Reports Fourth Quarter and Full-Year 2019 Results and Announces Cash Dividend of 80 Cents

CVR Energy Inc. (CVI) 
US:NYSE Investor Relations: investors.cvrenergy.com
Company Research Source: GlobeNewswire
Achieved year-over-year environmental, health and safety improvements.Completed Wynnewood’s BenFree repositioning project. Received Board approval for Wynnewood’s Isomerization project.  Increased cash dividend to $3.20 per share annualized for an industry-leading dividend yield. SUGAR LAND, Texas, Feb. 19, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced fourth quarter 2019 net income of $44 million, or 44 cents per diluted share, on net sales of $1.6 billion, compared to net income of $73 million, or 73 cents per diluted share, on net sales of $1.7 billion for the fourth quarter of 2018. Fourth quarter 2019 EBITDA was $142 million, compared to fourth quarter 2018 EBITDA of $202 million. For full-year 2019, the Company reported net income of $380 million, or $3.78 per diluted share, on net sales of $6.4 billion, compared to net income for full-year 2018 of $259 million, or $2.80 per diluted share, on net sales of $7.1 billion. Full-year 2019 EBITD Show less Read more
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