Filing Flows › CVR Energy (CVI) › Q3 2025
CVR Energy (CVI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
CVR Energy (CVI) reported revenue of $1.9B for the third quarter 2025 (Q3 2025), +6% from a year earlier and +10% from the quarter before. Operating margin was 26.3%, net earnings $374M (19.2% of revenue).
CVR Energy, Q3 2025: revenue $1.9B (+6% year over year), operating margin 26.3%, net earnings $374M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +10% | +6% |
| Operating profit | $512M | — | — |
| Net earnings | $374M | — | — |
| Operating cash flow | $163M | -7% | +240% |
| Free cash flow | $121M | — | +831% |
What changed
Revenue was $1.9B in Q3 2025, up 6% year over year and up 10% from the previous quarter. Petroleum Segment was the largest line at 89% of revenue. Petroleum Segment added $0.09B year over year (up 6%), 82% of the total change. Renewables Segment declined 31%.
Operating profit was $0.51B, a 26.3% margin (up 32.5 points year over year). Total costs fell 26% while revenue rose 6%. Net earnings were $0.37B. The effective tax rate was 18.0%.
Operating cash flow was $0.16B (up 240% year over year), 41% of net income including minority interests. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.37B. After capital expenditures, net ($0.04B) and capitalized turnaround expenditures ($0.01B), free cash flow as the company reports it was $0.12B.
Questions
What was CVR Energy's revenue in the third quarter 2025?
CVR Energy (CVI) reported revenue of $1.9B for the third quarter 2025 (Q3 2025), +6% from a year earlier and +10% from the quarter before.
Was CVR Energy profitable in the third quarter 2025?
Operating profit was $512M (26.3% of revenue) and net earnings $374M.
Source: CVR Energy 10-Q on SEC EDGAR.