CVI Earnings Prediction
The chart below shows how CVI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVI sees a -1.89% change in stock price 10 days leading up to the earnings, and a -2.62% change 10 days following the report. On the earnings day itself, the stock moves by -0.14%. This data can give you a slight idea of what to expect for the next quarter's release.
CVI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.83B
-27.32%
-6.81%
Gross Margin
-3.98%
-120.74%
-242.14%
Operating Margin
-0.82%
-109.03%
-246.43%
Net Margin
-6.66%
-147.44%
-445.08%
EPS
-1.23
-135.04%
-685.71%
No Data Available
CVI Earnings Analysis
CVR ENERGY, INC. Corporation (CVI.N) Earnings Conference Call
Positive
Cash Reserves Strength: 1. Strong Cash Position: CVR Energy ended the third quarter with a consolidated cash balance of $534 million, providing significant liquidity to navigate market challenges.
Fertilizer Segment EBITDA Growth: 2. Fertilizer Segment Performance: The Fertilizer segment achieved an adjusted EBITDA of $36 million for the third quarter, driven by higher market prices for ammonia and UAN, along with lower feedstock and operating expenses.
Strong Operational Cash Flow: 3. Positive Cash Flow from Operations: Cash provided by operations for the third quarter was $48 million, primarily attributed to $87 million of cash flow from the fertilizer segment, indicating strong operational performance in that area.
Ammonia Utilization Efficiency: 4. High Ammonia Utilization: The fertilizer facilities operated with a consolidated ammonia utilization rate of 97% during the quarter, reflecting efficient production capabilities.
Cash Distribution Boost: 5. Distribution from CVR Partners: CVR Energy is set to receive a cash distribution of approximately $5 million from its 37% ownership in CVR Partners, further enhancing its financial position.
Negative
Net Loss Reported: 1. Significant Net Loss: CVR Energy reported a consolidated net loss of $122 million for Q3 2024, translating to a loss per share of $1.24, indicating a substantial decline in profitability.
EBITDA Loss Analysis: 2. Declining EBITDA: The company experienced an EBITDA loss of $35 million in Q3 2024, reflecting operational challenges and unfavorable market conditions.
Crude Oil Utilization Decline: 3. Reduced Crude Oil Utilization: Crude oil utilization dropped to 85% in Q3 2024, significantly lower than the average 95% utilization rate over the past five years, resulting in an estimated lost profit opportunity of $23 million for the quarter.
Crack Spreads Decline: 4. Dramatic Decrease in Crack Spreads: The Group 3 2-1-1 benchmark cracks averaged $19.40 per barrel in Q3 2024, a stark decline from $39.10 per barrel in the same quarter last year, indicating severe market pressure.
Dividend Suspension Announcement: 5. Suspension of Dividend: The Board of Directors decided to suspend the quarterly dividend to preserve cash, reflecting the company's focus on maintaining liquidity amid challenging refining market conditions.
CVI FAQs
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CVI Earning Call Sentiment
CVR Energy, Inc. (CVI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CVI.N
-2.16%Positive
The earnings call summary highlights several negative aspects: a significant net loss, suspension of the dividend, concerns about RIN market manipulation, and reduced capital expenditure plans. The Q&A section reveals management's cautious stance on dividends and potential asset sales, with no clear guidance on future CapEx. These factors, combined with the company's challenges in the refining market and need for operational efficiency, suggest a negative sentiment, likely leading to a stock price decline in the range of -2% to -8% over the next two weeks.
