Filing Flows › CVR Energy (CVI) › Q1 2026
CVR Energy (CVI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
CVR Energy (CVI) reported revenue of $2.0B for the first quarter 2026 (Q1 2026), +20% from a year earlier and +9% from the quarter before. Operating margin was -7.3%, net loss $160M (8.1% of revenue).
CVR Energy, Q1 2026: revenue $2.0B (+20% year over year), operating margin -7.3%, net loss $160M, operating cash flow $64.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +9% | +20% |
| Operating profit | −$145M | — | — |
| Net earnings | −$160M | — | — |
| Operating cash flow | $64.0M | — | — |
| Free cash flow | $21.0M | — | — |
What changed
Revenue was $2.0B in Q1 2026, up 20% year over year and up 9% from the previous quarter. Petroleum Segment was the largest line at 91% of revenue. Petroleum Segment added $0.33B year over year (up 22%), 97% of the total change.
Operating costs exceeded revenue by $0.14B, an operating margin of -7.3%. Total costs grew 20% against revenue growth of 20%. The fastest-growing cost line was Cost of revenue (+20%). The quarter ended with a net loss of $0.16B, wider than the previous quarter's $0.12B loss.
Operating cash flow was $0.06B. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.13B. After capital expenditures, net ($0.04B), free cash flow as the company reports it was $0.02B.
Questions
What was CVR Energy's revenue in the first quarter 2026?
CVR Energy (CVI) reported revenue of $2.0B for the first quarter 2026 (Q1 2026), +20% from a year earlier and +9% from the quarter before.
Was CVR Energy profitable in the first quarter 2026?
Operating loss was $145M (-7.3% of revenue) and net loss $160M.
Source: CVR Energy 10-Q on SEC EDGAR.