CVR Energy Inc (NYSE: CVI) is a petroleum refining and nitrogen fertilizer company that operates through two primary segments: petroleum refining and related logistics, and nitrogen fertilizer manufacturing. It generates revenue by purchasing crude oil, refining it into transportation fuels and other petroleum products, and selling those products on a transactional basis, while its nitrogen fertilizer subsidiary produces and sells ammonia and urea ammonium nitrate for agricultural end markets. CVR Energy is listed on the New York Stock Exchange and filed its most recent annual report on Form 10-K on February 18, 2026, covering fiscal year ended 2025. The company's financial results are tied directly to refining crack spreads and fertilizer commodity prices, making earnings highly cyclical. Based on the 10-K filing (accession 000137613926000014), the company had common stock outstanding as of February 13, 2026, with shares listed on the NYSE.

Revenue model

Transactional sales of refined petroleum products and nitrogen fertilizer commodities. Margins depend on the spread between crude oil input costs and refined product prices, and on nitrogen fertilizer commodity pricing.

Products and services

Refined petroleum products including transportation fuels; ammonia; urea ammonium nitrate (UAN) fertilizer.

Customers and end markets

Agricultural end markets for nitrogen fertilizer products; transportation fuel end markets for refined petroleum products.

Value-chain role

Midstream processor and manufacturer. Purchases crude oil as feedstock, refines into finished fuels; manufactures nitrogen fertilizer from natural gas feedstock for sale to agricultural customers.

Geographic exposure

United States. Specific refinery and fertilizer plant locations not detailed in the available filing excerpts.

Source: SEC 10-K, filed 2026-02-18

Industry: Petroleum Refining Peers: Archaea Energy Inc. Opal Fuels Inc Delek US Holdings Inc Green Plains Inc HF Sinclair Corp Marathon Petroleum Corp PBF Energy Inc Renewable Energy Group, Inc. Sunoco LP