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Stock impact report

CVR Energy Reports Third Quarter 2019 Results and Announces Cash Dividend of 80 Cents

CVR Energy Inc. (CVI) 
US:NYSE Investor Relations: investors.cvrenergy.com
Company Research Source: GlobeNewswire
SUGAR LAND, Texas, Oct. 23, 2019 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced net income of $119 million, or $1.18 per diluted share, on net sales of $1,622 million for the third quarter of 2019, compared to net income of $81 million, or 85 cents per diluted share, on net sales of $1,935 million for the third quarter of 2018. Third quarter 2019 EBITDA was $235 million, compared to third quarter 2018 EBITDA of $235 million. “CVR Energy reported solid results for the third quarter 2019, driven by safe and reliable operations, improved capture rates, higher throughput volumes and increased fertilizer sales volumes and pricing,” said Dave Lamp, CVR Energy’s Chief Executive Officer. “We’re pleased to report that our Board of Directors has approved a 7 percent increase in our dividend, raising it to 80 cents per quarter, or $3.20 on an annualized basis. In addition, it authorized a four-year, $300 million stock repurchase program, giving us another potential way to re Show less Read more
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