Why These Energy Stocks Are Gaining This Week

2. CVR Energy, Inc. (NYSE:CVI)

Share Price Gains Between Feb. 14 – Feb. 24: 13.52%

CVR Energy, Inc. (NYSE:CVI), together with its subsidiaries, engages in the petroleum refining and marketing business, as well as nitrogen fertilizer manufacturing activities in the United States.

CVR Energy, Inc. (NYSE:CVI) beat Q4 2024 estimates, posting revenue of $.195 billion in Q4 2024, down 11.58% YoY but still above analysts’ estimates by over $101 million. The company’s quarterly loss of $0.13 per share was also better than market expectations of a loss of $0.61 per share. CVR also reported an operating cash flow of $98 million during the quarter and managed to enhance its liquidity by $408 million through a Term Loan and the sale of its 50% interest in Midway Pipeline. The company also declared a fourth-quarter 2024 cash distribution of $1.75 per common unit, which will be paid on March 10, 2025.

For the full year 2025, CVR Energy, Inc. (NYSE:CVI) estimates total consolidated capital spending to increase to approximately $165-205 million and turnaround spending to surge in the range of $170-185 million.