Why CVR Energy, Inc. (CVI) stock fell 16.1% intraday on Wednesday, November 4, 2026

CVR Energy, Inc. (CVI) traded at $40.78 as of 12:31 PM ET, down 16.09% on Wednesday, November 4, 2026, on volume of 9,778,530 shares (9.9× its 3-month average); market value about $4.10B.

CVI was among the stocks moving 5% or more in an earlier update that day; by the close it was no longer moving that much.

What happened: primary sources

Events Nexqual found for CVI on Wednesday, November 4, 2026 or the trading day before (November 3, 2026):

• Nov 3, 2026: Reported Q3 2026 results: adjusted EPS $4.00 vs consensus $2.91 (beat), revenue $3.28B vs consensus $2.35B (beat). source
• Nov 3, 2026: Schedule 13D/A: ICAHN ENTERPRISES HOLDINGS L.P., ICAHN ENTERPRISES G.P. INC., 70.8% of shares, a 5%+ holder that may seek to influence the company source
  Quoted from the filing: “Item 4 of the Initial 13D is hereby amended and supplemented by adding the following: On November 2, 2026, the Issuer entered into an Equity and Asset Purchase Agreement (the "Purchase Agreement") with Marathon Petroleum Company LP and certain other subsidiaries and affiliates of Marathon Petroleum Corporation (collectively, the "Sellers") to acquire the St. Paul Park, Minnesota and Mandan, North Dakota refineries and related assets (the "Acquisition"). Pursuant to the Purchase Agreement, the Issuer has agreed to acquire (i) 100% of the outstanding membership interests of St. Paul Park…”
• Nov 3, 2026: SEC 8-K: Entered a material agreement; Unregistered sale of shares source
  Quoted from the filing: “Equity and Asset Purchase Agreement On November 2, 2026, CVR Energy, Inc., a Delaware corporation (the " Company "), entered into an Equity and Asset Purchase Agreement (the " Purchase Agreement ") with Marathon Petroleum Company LP, Tesoro Refining & Marketing Company LLC, Tesoro Logistics Operations LLC, Western Refining Southwest LLC, Western Refining Terminals, LLC and Marathon Petroleum Supply and Trading LLC (collectively, the " Sellers "), each a subsidiary or affiliate of Marathon Petroleum Corporation.…”
• Nov 3, 2026: SEC 8-K: Other material event source
  Quoted from the filing: “As previously reported in the Current Report on Form 8-K filed by CVR Energy, Inc. (the " Company ") with the Securities and Exchange Commission (the " SEC ") on November 3, 2026, the Company entered into a definitive agreement with subsidiaries and affiliates of Marathon Petroleum Corporation (" Marathon ") under which CVR Energy will acquire Marathon's Saint Paul Park, Minnesota and Mandan, North Dakota refineries, along with Marathon's related marketing business (the " Acquisition "). This Current Report on…”

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on CVI

CVI stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Earnings report: CVI results, November 3, 2026. Other big moves that day: November 4, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 10, 2026 at 16:46 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 10, 2026 at 16:46 UTC. This page is informational and not investment advice.

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