CVI: SEC Form 10-Q filed by CVR Energy Inc.
Q3 Nitrogen Fertilizer swung to a $55M operating loss on turnaround costs and lower UAN prices; $500M cash pledge for pending refinery deal.
What this filing says
CVR Energy filed its quarterly report for the period ended September 30, 2026. The nitrogen fertilizer segment swung to an operating and net loss for the quarter, driven by higher costs tied to the 2026 Fertilizer Turnaround and lower UAN prices and ammonia volumes. The company also has a pending acquisition of northern PADD II refining assets, which carries a $500 million minimum cash commitment and risks that it may not close on time.
Key figures
- Fertilizer segment operating and net loss variance (quarter)
- $55 million and $54 million
- Quarterly net sales decrease
- $18 million
- Revenue reduction from UAN prices and ammonia volumes
- $19 million
- Higher ammonia sales price revenue contribution
- $4 million
- Minimum unrestricted cash commitment for acquisition
- $500 million
- Shares outstanding at October 30, 2026
- 100,530,599 shares
Positive for shareholders
- Nine-month nitrogen fertilizer operating and net income rose $7 million and $8 million on higher revenues.
Negative for shareholders
- The nitrogen fertilizer segment posted an operating loss and net loss for the quarter, reversing prior-year profits.
- The pending acquisition could be delayed or not completed, which could hurt the stock price and future results.
- Acquisition costs, including financing, may exceed expectations.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- UAN:
- A liquid fertilizer blend of urea and ammonium nitrate, one of the company's main nitrogen fertilizer products.
- Turnaround:
- A planned, scheduled shutdown of a plant for maintenance, inspection and repairs.
- PADD II:
- One of five U.S. Petroleum Administration for Defense Districts, covering the Midwest region's refineries.
- EBITDA:
- Earnings before interest, taxes, depreciation and amortization, a measure of operating profitability before financing and accounting costs.
FAQ
Why did CVR Energy's nitrogen fertilizer segment post a loss this quarter?
The filing attributes the swing to higher direct operating expenses, mainly tied to the 2026 Fertilizer Turnaround, and lower revenues from decreased UAN prices and ammonia sales volumes.
What is the pending acquisition CVR Energy has agreed to?
The filing refers to an acquisition of northern PADD II refining assets, which is subject to risks including regulatory approval and possible delays, and requires maintaining at least $500 million of unrestricted cash until closing or termination.
Historical context for CVI
Across the 17 sessions after earlier CVI headlines, the stock closed higher 7 times and lower 10 times, with a median move of 3.3% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | CVI | SPY |
|---|---|---|---|
| Nov 3, 2026 | CVR Energy Announces Proposed Offering of Common Stockand 1 other headline that session | -13.1% | +0.3% |
| Oct 28, 2026 | CVR Energy Announces Revised Time for Third Quarter 2026 Earnings Conference Call | -0.6% | +0.3% |
| Oct 20, 2026 | CVR Energy to Release Third Quarter 2026 Earnings Results | +3.3% | +0.3% |
| Jul 30, 2026 | CVR Energy Reports Second Quarter 2026 Results | +10.0% | +1.7% |
| Jul 16, 2026 | CVR Energy to Release Second Quarter 2026 Earnings Results | +2.8% | -0.5% |
| Jun 4, 2026 | CVR Energy downgraded by Tudor, Pickering, Holt & Co. | -5.0% | +0.4% |
- Market cap
- 30-day
- Sector
- Energy
- Industry
- Integrated oil Companies
- Listed since
- 2007
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