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The latest update is out from CVR Energy ( (CVI) ).
CVR Energy reported a challenging third quarter for 2024, with a net loss of $124 million and an EBITDA loss of $35 million, impacted by unplanned downtime and power outages affecting its refining operations. Despite this, CVR Partners declared a cash distribution, benefiting from consistent production in its nitrogen fertilizer segment. The company decided to suspend its dividend due to uncertain market conditions, while the petroleum segment faced significant losses compared to the previous year.
See more data about CVI stock on TipRanks’ Stock Analysis page.
