CVR Energy is reporting a net income of $353 million during the third quarter of 2023.

 

According to CEO Dave Lamp, cash dividends of 50 cents per share in addition to a special dividend of $1.50 per share will bring the year-to-date declared dividends to $4 per share.

 

The Petroleum Segment reported third-quarter operating income of $431 million on net sales of $2.3 billion, which is up from last year's operating income of $137 million on net sales of $2.5 billion.

 

The Nitrogen Fertilizer Segment reported operating income of $8 million on net sales of $131 million for the third quarter of 2023, compared to an operating loss of $12 million on net sales of $156 million for the third quarter of last year.

 

CVR Energy operates facilities around the country including here in Coffeyville.