CVR Energy runs two coking refineries in Kansas and Oklahoma that turn crude oil into gasoline and diesel, plus a nitrogen fertilizer plant in Illinois. Think of it as a toll booth for converting raw oil into everyday fuels.
Money comes from refining crude into gasoline and diesel, with fertilizer as a secondary stream. Margins are razor-thin—gross margin was just 3.4% in the latest TTM—and profits swing wildly with oil prices, as seen in quarterly losses.
Refining is a commodity business where competitors like Valero and Marathon Petroleum can easily match output, and margins are squeezed by global supply. The fertilizer side faces similar pressure from Nutrien and CF Industries, leaving no durable edge.
Key events, in time order
None yet
None yet
No comments yet.
Facts and opinions separated · All items sourced · Not investment advice
