CVR Energy, Inc. (CVI) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

CVR Energy, Inc. (CVI) Energy Operations & Outlook

CVR Energy, Inc. refines and markets petroleum products and manufactures nitrogen fertilizer in the U.S. Operating through two segments, Petroleum and Nitrogen Fertilizer, the company serves retailers, railroads, farm co-operatives, and agricultural customers. CVR Energy is a subsidiary of Icahn Enterprises L.P.

What Is the Investment Thesis for CVI?

CVR Energy presents a mixed investment thesis. The company's diversified operations in both petroleum refining and nitrogen fertilizer provide some resilience against market volatility. However, a negative profit margin of -0.6% raises concerns about operational efficiency and profitability. The dividend yield of 1.10% offers a modest return to investors. Key growth catalysts include potential expansions in fertilizer production and optimization of refinery operations. Potential risks include fluctuating commodity prices and environmental regulations, which could impact profitability. Investors should closely monitor CVR Energy's ability to improve its profit margins and capitalize on growth opportunities within its operating segments.

Based on FMP financials and quantitative analysis

CVI Key Highlights

Market capitalization of $4.89B reflects its position as a mid-sized player in the energy sector.

• Dividend yield of 1.10% provides a modest income stream for investors.
• Beta of 0.91 indicates lower volatility compared to the overall market.
• Operates two key segments: Petroleum and Nitrogen Fertilizer, diversifying its revenue streams.
• Subsidiary of Icahn Enterprises L.P., providing financial backing and strategic oversight.

Who Are CVI's Competitors?

CVI is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are CVI's Key Strengths?

Integrated operations in petroleum refining and nitrogen fertilizer manufacturing.

• Strategic location of refineries and fertilizer plants.
• Use of pet coke gasification technology for fertilizer production.
• Established customer relationships in key markets.

What Are CVI's Weaknesses?

Negative profit margin indicates operational inefficiencies.

• Exposure to fluctuating commodity prices.
• Dependence on Icahn Enterprises L.P. for financial support.
• Limited geographic diversification.

What Could Drive CVI Stock Higher?

Potential expansion of nitrogen fertilizer production to meet growing agricultural demand.

• Optimization of refinery operations to improve efficiency and profitability.
• Efforts to strengthen distribution networks for petroleum and fertilizer products.

What Are the Key Risks for CVI?

Negative return on equity (-6.5%) — the business is not currently generating profit on shareholder capital.

• Rich valuation — a P/E of 70.43 runs well above the Energy sector’s ~15.80x, leaving little room for a miss.
• Fluctuations in commodity prices impacting revenue and profitability.
• Increasingly stringent environmental regulations increasing compliance costs.
• Competition from larger, more diversified energy companies.
• Economic downturns reducing demand for petroleum and fertilizer products.

What Are the Growth Opportunities for CVI?

• Expansion of Nitrogen Fertilizer Production: CVR Energy can increase its nitrogen fertilizer production capacity to meet growing agricultural demand. The global nitrogen fertilizer market is projected to reach $94.5 billion by 2028, driven by increasing population and food production needs. Investing in additional fertilizer production facilities or optimizing existing operations could significantly boost revenue and profitability. Timeline: 2-3 years for expansion projects.
• Optimization of Refinery Operations: Improving the efficiency and throughput of its refineries in Kansas and Oklahoma can enhance CVR Energy's profitability. This includes upgrading equipment, streamlining processes, and reducing operating costs. Increased efficiency can lead to higher margins and a stronger competitive position. Timeline: Ongoing, with continuous improvement initiatives.
• Strategic Acquisitions: CVR Energy could pursue strategic acquisitions to expand its operations in either the petroleum or nitrogen fertilizer sectors. Acquiring complementary businesses or assets can provide access to new markets, technologies, or resources. This could accelerate growth and enhance the company's overall value. Timeline: Opportunistic, depending on market conditions.
• Development of Renewable Fuels: Investing in the production of renewable fuels, such as biodiesel or renewable diesel, can help CVR Energy diversify its product offerings and capitalize on growing demand for sustainable energy solutions. Government incentives and regulations are driving the adoption of renewable fuels, creating a significant growth opportunity. Timeline: 3-5 years for development and implementation.
• Enhanced Distribution Network: Strengthening its distribution network for both petroleum products and nitrogen fertilizers can improve CVR Energy's market reach and customer service. This includes expanding its network of retail outlets, terminals, and transportation infrastructure. A robust distribution network can enhance customer loyalty and increase sales volume. Timeline: 1-2 years for network expansion.

What Are CVI's Competitive Advantages?

• Integrated Operations: CVR Energy's integrated operations in both petroleum refining and nitrogen fertilizer manufacturing provide a degree of diversification and resilience.
• Strategic Asset Locations: The company's refineries and fertilizer plants are strategically located to access raw materials and serve key markets.
• Pet Coke Gasification Technology: CVR Energy's use of pet coke gasification to produce nitrogen fertilizer provides a cost advantage.
• Established Customer Relationships: The company has established long-term relationships with its customers in the retail, railroad, agricultural, and industrial sectors.

What Does CVI Do?

Founded in 1906 and headquartered in Sugar Land, Texas, CVR Energy, Inc. has evolved into a diversified energy company with a focus on petroleum refining and nitrogen fertilizer manufacturing. The company operates through two primary segments: Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. This segment includes a coking medium-sour crude oil refinery in southeast Kansas and a crude oil refinery in Wynnewood, Oklahoma, supported by logistics assets. These refineries process crude oil into transportation fuels and other products, serving retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products, and a nitrogen fertilizer facility in East Dubuque, Illinois, producing ammonia and urea ammonium nitrate (UAN). These products are primarily marketed to agricultural customers, with ammonia also serving industrial clients. As a subsidiary of Icahn Enterprises L.P., CVR Energy benefits from the support and resources of a larger organization.

What Products and Services Does CVI Offer?

• Refines and markets gasoline, diesel fuel, and other refined petroleum products.
• Owns and operates a coking medium-sour crude oil refinery in southeast Kansas.
• Operates a crude oil refinery in Wynnewood, Oklahoma.
• Manufactures nitrogen fertilizer products, including ammonia and urea ammonium nitrate (UAN).
• Utilizes a pet coke gasification process to produce nitrogen fertilizer.
• Markets UAN products to agricultural customers.
• Markets ammonia products to agricultural and industrial customers.

How Does CVI Make Money?

• CVR Energy generates revenue from the sale of refined petroleum products, including gasoline and diesel fuel.
• The company also generates revenue from the sale of nitrogen fertilizer products, such as ammonia and UAN.
• CVR Energy operates refineries and fertilizer plants, adding value to raw materials through processing and manufacturing.
• The company markets its products to a diverse customer base, including retailers, railroads, farm co-operatives, and agricultural customers.

What Industry Does CVI Operate In?

CVR Energy operates within the oil and gas refining and marketing industry, which is characterized by fluctuating commodity prices and evolving environmental regulations. The nitrogen fertilizer market is driven by agricultural demand and is subject to seasonal variations. The industry is highly competitive, with companies like Ultrapar Participações S.A. (UGP) and Murphy Oil Corporation (MUR) vying for market share. CVR Energy's integrated operations in both refining and fertilizer production provide a degree of diversification, but the company remains exposed to commodity price volatility and regulatory changes.

Who Are CVI's Key Customers?

• Retailers who sell gasoline and diesel fuel to consumers.
• Railroads that use diesel fuel to power their locomotives.
• Farm co-operatives that purchase fertilizer for their members.
• Agricultural customers who use nitrogen fertilizer to grow crops.
• Industrial customers who use ammonia in various manufacturing processes.

The most recent 10 insider filings for CVR Energy, Inc. break down as 2 sales and 8 purchases. On net that is roughly 821K shares acquired (about $16.4M) — insiders putting money in tends to read as conviction.

CVR Energy, Inc. has beaten Wall Street's EPS estimate in 4 of its last 8 reported quarters — more hits than misses. Reported results have landed about 203.7% below estimates on average.

CVR Energy, Inc.'s Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 3.03 places it in the safe zone, indicating low near-term bankruptcy risk.

Return on equity for CVR Energy, Inc. stands at -6.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -1.1%, showing how much profit it generates from its asset base. Its free cash flow yield is 2.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.44 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -1.6%, the inverse of the P/E and a quick read on earnings relative to price.

CVR Energy, Inc. (CVI) Valuation Context

Valued at $4.89B, CVI is classified as a mid-cap stock. Analyst price targets span from $28.00 to $35.00, with a consensus of $31.00. At the current price of $48.60, that implies roughly 36% downside from the consensus target. Relative to its peer group, CVI's quantitative score of 65/100 is roughly in line with the peer average of 71/100.

CVI Revenue & Earnings Trend

In Q2 FY2026, CVI generated $2.74B in top-line revenue, marking a sequential increase of 38.3%. The company recorded a net loss of $3.0M, with diluted EPS of $-0.03. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this mid-cap Energy company. Across the four most recent quarters, CVI averaged $0.17 in diluted EPS.

Company Profile

CVR Energy, Inc. operates in the Oil & Gas Refining & Marketing industry within the Energy sector. It is headquartered in Sugar Land, US. The company is led by CEO Dane J. Neumann. CVI has traded publicly since 2007.

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