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CVR Energy (CVI) guidance and outlook
CVR Energy (CVI) gave its guidance on Nov 3, 2026: Capital expenditures $75.0M for Q4 2026. CVR Energy's 10-Q filed Nov 3, 2026 makes 18 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Capital expenditures | Q4 2026 | $75.0M | new |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 3, 2026
- The Company expects the Acquisition to close before the end of 2026 (the date of such closing, the “Acquisition Closing Date”), subject to the satisfaction or waiver of the applicable closing conditions; however, there can be no assurance that the Acquisition will be completed on the anticipated terms or timeline, or at all.
- The Company intends to fund the Acquisition and related fees and expenses with a combination of cash on hand, borrowings under the CVR Energy ABL (as defined below), the proceeds of senior secured indebtedness (the “Permanent Financing”), the proceeds of the equity investments described below and the net proceeds of a registered public offering of the Company’s common stock (the “Equity Offering”).
- • The Company has undertaken a project to replace the hydrofluoric acid catalyst alkylation unit at the Wynnewood Refinery with a fixed bed catalyst system.
- • In connection with our settlement with the EPA on certain environmental issues at the refinery in Coffeyville, Kansas (the “Coffeyville Refinery”) entered into in 2023 and by the court in January 2024, the Company is in the process of installing a flare gas recovery system along with other improvements at a cost of approximately $53 million, which is expected to be operational in late 2026.
- With final approval by the UAN GP Board, we expect to proceed with construction in 2028.
- Diesel crack spreads remain elevated in 2026 and we expect this to continue until global supply chains normalize.
- Actions taken by the EPA under the RFS, the outcomes of RFS-related legal challenges, and legislative and regulatory developments affecting renewable fuels have materially impacted our results in the past and are expected to continue to do so.
- In addition, certain governmental regulations and incentives affecting the automobile transportation, agricultural, and renewable fuels industries, including those related to corn-based ethanol, biodiesel, renewable diesel, and sustainable aviation fuel production and consumption, have impacted, and are expected to continue to impact, our business.
- These provisions are expected to support demand for domestic corn and soybean oil feedstocks which may affect both our refining and fertilizer operations.
- • Certain governmental regulations and incentives associated with the automobile transportation, agricultural and renewables industries, including the ones related to corn-based ethanol and vegetable oil-based biodiesel, renewable diesel, and sustainable aviation fuel production or consumption, have impacted, and is expected to continue to impact, our business.
- Given the current geopolitical events, we believe the structural shortage of natural gas in Europe will continue to be a source of volatility through at least 2027.
- Certain external factors, such as volatile commodity prices, industry utilization rates, and market inventory supply, have adversely impacted and are expected to continue to adversely impact our businesses, particularly within our Petroleum segment.
CVR Energy's latest quarter
CVR Energy, Q3 2026: revenue $3.3B (+69% year over year), operating margin 22.1%, net earnings $570M, operating cash flow $655M. The chart follows the revenue to costs, profit and cash.
Questions
Did CVR Energy raise or lower its guidance?
CVR Energy (CVI) gave its guidance on Nov 3, 2026: Capital expenditures $75.0M for Q4 2026.
What does CVR Energy expect?
The Company expects the Acquisition to close before the end of 2026 (the date of such closing, the “Acquisition Closing Date”), subject to the satisfaction or waiver of the applicable closing conditions; however, there can be no assurance that the Acquisition will be completed on the anticipated terms or timeline, or at all. The Company intends to fund the Acquisition and related fees and expenses with a combination of cash on hand, borrowings under the CVR Energy ABL (as defined below), the proceeds of senior secured indebtedness (the “Permanent Financing”), the proceeds of the equity investm
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.