CVI

CVR Energy, Inc. is a diversified holding company primarily engaged in petroleum refining and nitrogen fertilizer manufacturing through its subsidiaries CVR Refining and CVR Partners. The company operates petroleum refineries in Kansas and Oklahoma producing gasoline, diesel fuel, and other refined products sold in the Mid-Continent United States. CVR also produces nitrogen fertilizers including ammonia and urea ammonium nitrate through its CVR Partners partnership. The company is controlled by activist investor Carl Icahn through Icahn Enterprises. Headquartered in Sugar Land, Texas, CVR operates integrated energy and agricultural businesses. The refining segment faces margin volatility from crude oil and refined product price relationships, operational risks, regulatory requirements, and competitive refining markets. The fertilizer segment experiences nitrogen fertilizer price cycles, natural gas cost sensitivity, agricultural market conditions, and weather impacts. CVR benefits from Mid-Continent market positions, asset locations, and cash generation during favorable commodity environments. The company returns cash through dividends and special distributions. CVR continues to operate its refineries and fertilizer plants, optimize operations, and manage through commodity market volatility.