CVR Energy (CVI) Q2 2026 Earnings: 216% EPS Beat and Return to Profit
As seen on the 24/7 Wall St. homepage on July 29, 2026.
CVR Energy demolished expectations with a 216% EPS beat as refining throughput soared to 212,965 barrels per day and ammonia pricing surged to $791 per ton, swinging the company to $46 million in net income from a $90 million loss a year ago.
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CVR Energy reported Q2 2026 earnings per share of $0.34, blowing past the consensus estimate of $0.1075 by 216%. The turnaround extended beyond the headline number: the company swung from a $90 million net loss in the year-ago quarter to $46 million in net income, a dramatic shift in fortune for a refiner that had spent most of the past year in the red.
Two operational drivers stood out. Refining throughput reached 212,965 barrels per day, pointing to strong utilization at CVR's plants, while ammonia pricing surged to $791 per ton, lending meaningful lift from the company's fertilizer segment. Revenue came in at $2.738 billion, topping the $2.224 billion estimate by roughly 23%, suggesting the top-line beat was broad-based rather than purely a margin story.
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The Q2 result marks a sharp contrast to the prior quarter, when CVR posted a $1.24 loss per share against an estimate of negative $0.62. Investors will now be watching whether the throughput gains and fertilizer pricing that powered this quarter can hold, or whether Q2 represents a seasonal high-water mark in what has been a volatile earnings run.
Mentioned: CVI