CVR Energy (CVI) Announces Preliminary Results for Q4 2025

The share price of CVR Energy, Inc. (NYSE:CVI) fell by 7.33% between January 23 and January 30, 2026, putting it among the Energy Stocks that Lost the Most This Week.

CVR Energy, Inc. (NYSE:CVI) is primarily engaged in the renewable fuels, petroleum refining, and marketing businesses, as well as in the nitrogen fertilizer manufacturing business in North America.

CVR Energy, Inc. (NYSE:CVI) took a hit on January 26 when the company announced preliminary results for its fourth quarter and full-year 2025. CVR estimated that its net loss attributable to shareholders for Q4 would range from $105 million to $120 million. That’s on the back of total refining throughput of 210,000 to 220,000 barrels per day (bpd). The bottom-line forecast compares unfavorably with the company’s performance in the same quarter last year, when it reported a headline net profit attributable to shareholders of $28 million, while its refining throughput stood at 214,000 bpd.

Moreover, CVR Energy, Inc. (NYSE:CVI) projects its ammonia utilization rate (a key indicator for the fertilization production business) for Q4 2025 to be 60%-65%, down significantly from the year-ago period’s utilization rate of 96%. The decline comes as the company had to deal with operational challenges and delays at its Coffeyville fertilizer plant, which led to a maintenance shutdown lasting several months and negatively impacted production.

Subsequently, on January 29, JPMorgan trimmed its price target on CVR Energy, Inc. (NYSE:CVI) from $22 to $21, but maintained its ‘Underweight’ rating on the shares. The revision follows the analyst’s post-earnings update to the company’s model.

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