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CVR Energy CVI Petroleum Segment — Outstanding Letters of Credit

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Other financials

Income statement

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Revenue$2.0B+20.3%
Gross profit-$103.0M-13.2%
Operating income-$145.0M-10.7%
Net income-$192.0M-56.1%
EPS (diluted)-$1.91-56.6%

Balance sheet

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Cash & equivalents$512.0M-26.3%
Total debt$1.8B-6.9%
Total equity$538.0M-7.2%
Total assets$3.9B-9.2%

Cash flow

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Operating cash flow$64.0M+133%
CapEx$47.0M-7.8%
Free cash flow$17.0M+107%

Valuation

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Market cap$2.73B+73.5%
Enterprise value$4.03B+46.3%
P/S0.4×+0.1×

Profitability

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Gross margin6.3%+2.4pp
Operating margin4.1%+2.1pp
Net margin2.3%+1.4pp
FCF margin-2%

Returns & leverage

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Return on equity21.9%+13.3pp
Debt / equity3.4×0.0×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by CVR Energy in its filing.

Tagged under the XBRL concept us-gaap:LettersOfCreditOutstandingAmount.

The official record: CVR Energy’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CVR Energy's petroleum segment — outstanding letters of credit?
CVR Energy (CVI) reported petroleum segment — outstanding letters of credit of $11M in Q1 2026.
How has CVR Energy's petroleum segment — outstanding letters of credit changed year-over-year?
CVR Energy's petroleum segment — outstanding letters of credit decreased by 54.2% year-over-year, from $24M to $11M.
What does petroleum segment — outstanding letters of credit mean?
This represents the total value of letters of credit issued on behalf of the petroleum segment to guarantee performance or payment obligations to third parties. These instruments are commonly used in commodity trading and supply chain logistics to secure crude oil purchases. High levels of outstanding letters of credit indicate significant operational activity but also represent potential contingent liabilities.