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CVR Refining, LP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Oct 25, 2018. Its latest SEC filing is a S-3ASR from Oct 31, 2025.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Refines crude oil into gasoline, diesel and other petroleum products for retailers, railroads and farm cooperatives, and operates gathering, storage and pipeline assets that supply its refineries.

How Did They Make Money?

Customers pay for refined products when they are delivered; if payment has not arrived, collection must be reasonably assured.

revenue

Who Were Their Customers?

Customers include fuel retailers and marketers, railroads and farm cooperatives. Bulk product goes through third-party pipelines to long-standing customers; rack product is delivered by tanker truck directly to nearby customers and buyers at third-party terminals.

Did Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in .

Operating income,
4% of revenue
▲ +162% vs ($77.8M, 2%)
Net income,
2% of revenue
▲ +480% vs ($15.3M, 0%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Sep 30, 2018
Revenue
▲ +34%
vs $1.4B in Q3 FY2017
Net income
▲ +149%
vs $70M in Q3 FY2017
  • Jan 29, 2019 CVR Energy purchased all common units, ending the public listing CVR Energy owns all common units, and the units are no longer publicly traded or listed on the NYSE.

Shrank. Revenue fell 35% in 4 years, from $8.7B in to $5.7B in , about 10% a year.

Who Did They Compete With?

Competes with Phillips 66, HollyFrontier, CHS, Valero Energy, and Flint Hills Resources

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