Icahn Enterprises Hits Rough Patch With Q3 Earnings Miss, Dividend Cut; Eyes Larger Stake In CVR Energy [Yahoo! Finance]
CVR Energy Inc. (CVI)
US:NYSE Investor Relations:
investors.cvrenergy.com
Company Research
Source: Yahoo! Finance
The company reported third-quarter earnings per unit of 5 cents, missing the street view of 21 cents . Quarterly sales of $2.22 billion missed the analyst consensus estimate of $2.32 billion. As of October 31, the firm had approximately $2.3 billion between cash and equivalents at the holding company and the investment funds. In the third quarter, net income attributable to IEP was $22 million, which is an improvement of $28 million compared to the same quarter last year. Adjusted EBITDA for the third quarter was $183 million, down from $243 million in the prior year's quarter. Also Read: Taiwan Semiconductor US Expansion Plans Unfazed by Trump Win: Report IEP has proposed that its subsidiary, IEH, initiate a tender offer to buy up to 15 million additional shares of CVR Energy Inc. (NYSE: CVI ) common stock at $17.50 per share. This offer price represents a 6% premium over CVR Energy's closing price on November 7, 2024, and a 5% premium over the average price of CVR Energy
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CVI
News
- CVR Energy Shares Gain as Carl Icahn Plans to Boost Stake [Yahoo! Finance]Yahoo! Finance
- Carl Icahn Bets Big On CVR While Slashing IEP Dividend In Half [Yahoo! Finance]Yahoo! Finance
- Thermon Group Sees Revenue Decline but New Orders Rise [Yahoo! Finance]Yahoo! Finance
- Halliburton Q3 2024 Financial Results Amid Challenges [Yahoo! Finance]Yahoo! Finance
- Signing Day Sports Extends Acquisition Timeline for Swifty [Yahoo! Finance]Yahoo! Finance
CVI
Earnings
- 10/28/24 - Miss
CVI
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- CVI's page on the SEC website