Filing Flows › CVR Energy (CVI) › Q2 2025
CVR Energy (CVI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
CVR Energy (CVI) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), -10% from a year earlier and +7% from the quarter before. Operating margin was -5.8%, net loss $90.0M (5.1% of revenue).
CVR Energy, Q2 2025: revenue $1.8B (-10% year over year), operating margin -5.8%, net loss $90.0M, operating cash flow $176M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +7% | -10% |
| Operating profit | −$103M | — | — |
| Net earnings | −$90.0M | — | — |
| Operating cash flow | $176M | — | +117% |
| Free cash flow | $135M | — | +255% |
What changed
Revenue was $1.8B in Q2 2025, down 10% year over year and up 7% from the previous quarter. Petroleum Segment was the largest line at 88% of revenue. Petroleum Segment lost $0.23B year over year (down 13%), 114% of the total change.
Operating costs exceeded revenue by $0.10B, an operating margin of -5.8%. Total costs fell 4% while revenue fell 10%. The fastest-growing cost line was SG&A (+29%). The quarter ended with a net loss of $0.09B, narrower than the previous quarter's $0.10B loss.
Operating cash flow was $0.18B (up 117% year over year). Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.18B. Capital expenditures of $0.04B left free cash flow of $0.14B.
Questions
What was CVR Energy's revenue in the second quarter 2025?
CVR Energy (CVI) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), -10% from a year earlier and +7% from the quarter before.
Was CVR Energy profitable in the second quarter 2025?
Operating loss was $103M (-5.8% of revenue) and net loss $90.0M.
Source: CVR Energy 10-Q on SEC EDGAR.