CVR Energy Reports Q1 Net Loss Amid Derivative and RFS Costs
CVR Energy reported a consolidated net loss of $160 million in Q1, driven by derivative mark-to-market losses and renewable fuel compliance costs. The refining segment underperformed due to high expenses, while the fertilizer division showed strength with Adjusted EBITDA of $78 million.
Tickers: $CVI
Topics: derivatives dividend earnings fertilizer loss refining RFS compliance