CVR Energy (CVI) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 12:23 PM CDT 24 min read

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Thursday, February 19, 2026 astatine 1 p.m. ET

• Chief Executive Officer — Mark Pytosh

• Chief Financial Officer — Dane Neumann

• Chief Operating Officer — Mike Wright

• Chief Commercial Officer — Travis Capps

• Vice President of Investor Relations — Richard Roberts

Richard Roberts: Thank you. Good afternoon, everyone. We precise overmuch admit you joining america this day for our CVR Energy Fourth Quarter 2025 Earnings Call. With maine contiguous are Mark Pytosh, our Chief Executive Officer; Dane Neumann, our Chief Financial Officer; Mike Wright, our Chief Operating Officer; and different members of management. Prior to discussing our 2025 4th fourth and afloat twelvemonth results, fto maine punctual you that this league telephone whitethorn incorporate forward-looking statements arsenic estimation a defined nether national securities laws. For this purpose, immoderate statements made during this telephone that are not statements of humanities facts whitethorn beryllium deemed to beryllium forward-looking statements.

You are cautioned that these statements whitethorn beryllium affected by important factors acceptable distant successful our filings with the Securities and Exchange Commission and successful our latest net release. As a result, existent operations oregon results whitethorn disagree materially from the results discussed successful the forward-looking statements. We undertake nary work to publically update immoderate forward-looking statements, whether arsenic a effect of caller information, aboriginal events oregon otherwise, but to the grade required by law. This telephone besides includes assorted non-GAAP fiscal measures.

The disclosures related to specified non-GAAP measures, including reconciliation to the astir straight comparable GAAP fiscal measures are included successful our 2025 4th fourth net merchandise that we filed with the SEC and Form 10-K for the play and volition beryllium discussed during the call. With that said, I'll crook the telephone implicit to Mark.

Mark Pytosh: Thank you, Richard. Good afternoon, everyone, and convey you for joining our net call. For the afloat twelvemonth 2025, we reported consolidated nett income of $90 cardinal and EBITDA of $591 million. At the conception level, we generated EBITDA of $411 cardinal successful the Petroleum segment, $211 cardinal successful the Fertilizer conception and a nonaccomplishment of $22 cardinal successful the Renewable segment. For the 4th quarter, consolidated nett nonaccomplishment was $116 cardinal and EBITDA was $51 million.

Our 4th fourth results were impacted by the accelerated depreciation associated with the reversion of the renewable woody portion astatine Wynnewood backmost to hydrocarbon processing on with extended downtime astatine the Coffeyville fertilizer installation owed to 3 weeks of start-up issues astatine the third-party aerial separation plant. We proceed to judge the refining and fertilizer marketplace fundamentals look constructive for the adjacent respective years, which I volition sermon further successful my closing remarks. Now fto maine crook the telephone implicit to Dane to sermon our fiscal highlights.