CVR Energy, Inc. (CVI) Stock Price & Analysis
CVR Energy, Inc. (CVI) closed at USD 58.63 on Thursday, October 22, 2026, down 3.46% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 60.73; the Oct 22, 2026 session ranged USD 57.47–61 on volume of 611,282 shares. Market capitalization is $5.89B, with a 52-week range of USD 19.62–63.51 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:15 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CVI.md
Key facts (CVI)
- Last four reported quarters (through Jun 30, 2026): revenue $8.47B, net income $69.0M (0.8% margin), free cash flow $351M (SEC filings).
- Valuation: P/E 85.4x (avg 122.6x at the last 3 fiscal year-ends), EV/EBITDA 10.0x, net debt $963M.
- 1 of 80 tracked superinvestors hold CVI (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Sell (mean 3.83 on a 1–5 scale) (6 analysts), mean target USD 48 (range 38–53).
- Total return with dividends: 1Y +50.7% vs S&P 500 +14.9%; 5Y +288.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 2.91, revenue estimate $2.35B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CVI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $7.24B | $10.9B | $9.25B | $7.61B | $7.16B | $8.47B |
| Gross profit | $218M | $1.13B | $1.27B | $205M | $346M | — |
| Operating income | $87.0M | $963M | $1.12B | $58.0M | $182M | $350M |
| Net income | $25.0M | $463M | $769M | $7.0M | $27.0M | $69.0M |
| EPS (diluted) | $0.25 | $4.60 | $7.65 | $0.06 | $0.27 | — |
| Free cash flow | $172M | $776M | $743M | $225M | -$41.0M | $351M |
| Gross margin | 3.0% | 10.4% | 13.8% | 2.7% | 4.8% | — |
| Operating margin | 1.2% | 8.8% | 12.1% | 0.8% | 2.5% | 4.1% |
| Net margin | 0.3% | 4.2% | 8.3% | 0.1% | 0.4% | 0.8% |
| Revenue growth | +84.3% | +50.5% | -15.1% | -17.7% | -5.9% | — |
| Cash + short-term investments | $510M | $510M | $581M | $987M | $511M | — |
| Total debt | $1.66B | $1.50B | $2.10B | $1.90B | $1.70B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CVI)
P/E 85.4x · P/S 0.7x · EV/EBITDA 10.0x · EV/Sales 0.8x · P/FCF 16.8x · P/B 11.2x · FCF yield 5.96% · Earnings yield 1.17% · Net debt $963M · EV $6.86B
P/E at fiscal year-ends: Dec 2025 94.7x, Dec 2024 269.1x, Dec 2023 4.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (CVI)
1 of 80 tracked investors hold CVI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Carl Icahn | Icahn Capital Management | 23.73% | $1.96B | Unchanged |
Analysts (CVI)
Consensus Sell (mean 3.83 on a 1–5 scale), 6 analysts; mean target USD 48 (low 38, high 53).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Goldman Sachs | Target raised | Sell | $36 → $50 |
| 2026-10-08 | Mizuho | Target raised | Underperform | $29 → $52 |
| 2026-10-02 | UBS | Target raised | Neutral | $35 → $53 |
| 2026-08-04 | Mizuho | Target raised | Underperform | $28 → $29 |
| 2026-07-07 | Mizuho | Target lowered | Underperform | $35 → $28 |
Total return (dividends reinvested) (CVI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +50.7% | +288.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +50.9% | +31.1% |
| Volatility (annualized) | 53.5% | 56.6% |
| Max drawdown | -48.2% (Oct 2025→Feb 2026) | -55.9% (Apr 2024→Oct 2024) |
CVI revenue by business segment (quarter ended Mar 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Petroleum | $1.80B | 90.9% | +22.0% |
| Nitrogen Fertilizer | $180.0M | 9.1% | +25.9% |
| Total revenue | $1.98B | 100% | — |
CVI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product Sales, Excluding Renewable Fuel Activity | $2.54B | 92.6% | +62.8% |
| — Product Distillates (part of Product Sales, Excluding Renewable Fuel Activity) | $1.28B | 46.6% | +96.8% |
| — Product Gasoline (part of Product Sales, Excluding Renewable Fuel Activity) | $1.19B | 43.4% | +53.4% |
| — Product Ammonia (part of Product Sales, Excluding Renewable Fuel Activity) | $43.0M | 1.6% | +26.5% |
| — Service Crude Oil Sales (part of Product Sales, Excluding Renewable Fuel Activity) | $13.0M | 0.5% | -84.9% |
| — Product Urea Products (part of Product Sales, Excluding Renewable Fuel Activity) | $13.0M | 0.5% | +30.0% |
| Product UAN | $131.0M | 4.8% | +19.1% |
| Total revenue | $2.74B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CVI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | LSB INDUSTRIES, INC. (LXU) | “Koch Fertilizer Company, LLC; and LSB Industries, Inc. Domestic customers generally demonstrate sophisticated buying tendencies that include a focus on cost and service.” |
| Customer | Plains Pipeline | “Our Nitrogen Fertilizer Segment's sales to agricultural customers are concentrated in the Great Plains and Midwest states, and nitrogen fertilizer demand is seasonal.” |
| Partner | CapturePoint | “In January 2023, the Nitrogen Fertilizer Segment entered into a series of agreements with CapturePoint LLC, an unaffiliated third-party ("CapturePoint"), and certain unaffiliated third-party investors intended to qualify under the IRS safe harbor described in Revenue Procedure 2020-12 for certain joint ventures that are eligible to claim Section 45Q Credits and allow us to monetize Section 45Q Credits we expect to…” |
| Partner | Gunvor USA | “Our Petroleum Segment obtains substantially all of its crude oil supply through crude oil gathering operations in Kansas and Oklahoma or through the crude oil intermediation agreement with Gunvor USA LLC.” |
| Partner | ICAHN ENTERPRISES L.P. (IEP) | “As previously disclosed, Icahn Enterprises L.P. and its affiliates ("IEP") and the Company are considering potential strategic transactions available to the Company and our subsidiaries and affiliates, which may include the acquisition of additional entities, assets or businesses, including the acquisition of material amounts of refining assets through negotiated mergers and/or stock or asset purchase agreements b…” |
Quoted from the company's 10-K filed Feb 18, 2026.
Companies that name CVI in their SEC reports
| Relationship to CVI | Company | Filing | Sentence |
|---|---|---|---|
| partner | ICAHN ENTERPRISES L.P. (IEP) | 10-K Feb 26, 2026 | “We conduct our Energy segment through our majority owned subsidiary, CVR Energy, Inc. ("CVR Energy"), along with a 3% interest in common units of CVR Partners, LP ("CVR Partners") held outside of CVR Energy.” |
| partner | Energy Transfer LP (ET) | 10-K Feb 19, 2026 | “A portion of these operations are conducted through Enable South Central Pipeline, a joint venture with a subsidiary of CVR Energy, Inc., which is operated by us and in which we own a 60% membership interest.” |
CVI customer concentration
In the period ended Dec 31, 2025, 2 direct customers each accounted for at least 10% (50%, 12%) of revenue, per the company's 10-K filed Feb 18, 2026. The company does not name them.
CVI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.91 | $0.65 | +346.5% | $2.35B | 6 |
| Next quarter (ends Dec 2026) | $1.56 | $0.21 | +627.1% | $2.14B | 6 |
| Current fiscal year (ends Dec 2026) | $3.57 | $-0.17 | -2176.7% | $9.21B | 6 |
| Next fiscal year (ends Dec 2027) | $4.55 | $1.74 | +161.2% | $7.82B | 6 |
CVI options: expected move
Options price a move of about ±16.6% (±$9.75) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±6.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 74.6% | ±16.6% |
| Dec 18, 2026 | 56 | 68.4% | ±21.4% |
| Jan 15, 2027 | 84 | 64.6% | ±24.6% |
| Mar 19, 2027 | 147 | 66.1% | ±32.8% |
| Jun 17, 2027 | 237 | 64.3% | ±40.2% |
30-day implied volatility 71.5% vs 44.4% realized over the last 30 trading days. Put/call ratio (volume) 0.52. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:15 UTC)
| Price | USD 58.63 |
|---|---|
| Change | ▼ 3.46% (down) |
| Previous Close | USD 60.73 |
| Open | USD 61.46 |
| Day Range | USD 57.47 – 61 |
| 52-Week Range | USD 19.62 – 63.51 |
| Volume | 611,282 shares |
| Market Cap | $5.89B |
| Exchange | NYQ |
Technical Analysis (CVI)
Nexqual's technical model rates CVI "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:15 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 58.99 (neutral) |
| vs SMA50 | Above (USD 49.64) |
| MACD | 3.24 (positive) |
Analyst Ratings (CVI)
Wall Street analysts rate CVI "Sell" based on 6 analysts, with a mean price target of USD 48 (range USD 38–53), per Nexqual as of October 23, 2026 at 09:15 UTC.
| Consensus Rating | Sell |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 48 |
| High Target | USD 53 |
| Low Target | USD 38 |
| Buy / Hold / Sell | 0 / 2 / 4 |
Earnings (CVI)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 2.91 |
| Revenue Estimate | $2.35B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.34 vs est 0.11 ▲ beat |
| 2026-03-31 | USD -1.24 vs est -0.62 ▼ miss |
| 2025-12-31 | USD -0.8 vs est -0.83 ▲ beat |
| 2025-09-30 | USD 0.4 vs est 0.23 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financials & Fundamentals (CVI)
| Total Revenue | $8.47B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +55.50% |
| Gross Margin | +10.90% |
| Operating Margin | +2.85% |
| Profit Margin | +0.81% |
| ROE | +24.25% |
| Debt / Equity | 2.42 |
| Current Ratio | 1.42 |
| Total Cash | $737.00M |
| Total Debt | $1.80B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $351.00M (4.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financial Health Score (CVI)
Nexqual rates CVR Energy, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:15 UTC.
| Growth | Weak — Revenue -6% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 11%, operating 3% (last 12 months) |
| Balance Sheet | Weak — $737M cash and investments vs $1.70B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $351M (last 4 quarters to Jun 2026, SEC), slim 4.1% margin |
| Efficiency | Strong — ROE 24%, ROA 5.5% |
Ownership (CVI)
| Insider Ownership | +0.00% |
|---|---|
| Institutional Ownership | +104.77% |
| Shares Outstanding | 100.53M |
| Float | 29.32M |
| Short % of Float | +19.12% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Leadership (CVI)
CVR Energy, Inc. is led by Dane J. Neumann, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:15 UTC.
| President, CEO & Director | Dane J. Neumann |
|---|---|
| Executive VP & COO | Michael H. Wright |
| Principal Fin. Officer, Interim CFO, VP of Fin. Planning & Analysis and IR | Richard J. Roberts |
| Senior Vice President of Refined Products & Risk Management | Mike Puddy |
Major Backers & Investors (CVI)
Notable institutional backers of CVR Energy, Inc. include Jane Street Group, LLC, Castleknight Management LP, BNP Paribas Financial Markets, according to Nexqual as of October 23, 2026 at 09:15 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Jane Street Group, LLC | 0.88% |
| Castleknight Management LP | 0.87% |
| BNP Paribas Financial Markets | 0.83% |
| PIMCO Equity Series-PIMCO RAE US Small Fund | 0.61% |
| Fidelity | 0.47% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 5.17% |
| Vanguard Group | 3.42% |
| State Street | 2.14% |
| Dimensional Fund Advisors | 2.04% |
| Allianz Asset Management GmbH | 0.94% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
From CVR Energy, Inc.'s Latest SEC 10-K Filing (filed 2026-02-18)
Partnerships
- The cleanup provisions of the agreement with the KDHE are held in abeyance so long as the Coffeyville Refinery conducts corrective action in accordance with CRRM's RCRA permit.
Legal & Regulatory Risks (Item 1A, quoted)
- Compliance with and changes in environmental laws, rules, and regulations, or to the application of those laws, rules and regulations, including those related to climate change, "energy transition" or renewable fuels, could result in increased operating costs and capital expenditures and changes in demand for the products we produce.
- Regulations concerning the transportation, storage, and handling of hazardous chemicals and materials could result in higher operating costs.
- We are subject to strict laws and regulations regarding employee and process safety, and failure to comply with these laws and regulations could have a material adverse effect on our results of operations, financial condition and profitability.
- Our business is subject to complex and evolving laws, regulations and security standards regarding privacy, cybersecurity and data protection ("data protection laws"). Many of these data protection laws are subject to change and uncertain interpretation, and could result in claims, increased costs of operations, or other harm to our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DK | Delek US Holdings, Inc. | USD 75.79 | ▼ 3.11% |
| UGP | Ultrapar Participacoes S.A. (Ne | USD 7.8 | ▼ 2.13% |
| IEP | Icahn Enterprises L.P. - Deposi | USD 6.13 | ▼ 0.33% |
| PARR | Par Pacific Holdings, Inc. Comm | USD 80.18 | ▼ 5.34% |
| PBF | PBF Energy Inc. | USD 79.25 | ▼ 2.81% |
| DKL | Delek Logistics Partners, L.P. | USD 56.91 | ▲ 0.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:15 UTC. This page is informational and not investment advice.
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