CVR: Fourth Quarter Financial Highlights
CVR Energy Reports Fourth Quarter Loss
CVR Energy Inc., based in Sugar Land, Texas, announced on Wednesday that it experienced a net loss of $110 million during the fourth quarter.
The company indicated that this equated to a loss of $1.10 per share. After excluding one-time expenses, the adjusted loss stood at 80 cents per share.
During this quarter, the diversified holding company generated $1.81 billion in revenue.
Looking at the full year, CVR Energy recorded a net income of $27 million, translating to earnings of 27 cents per share. Total annual revenue reached $7.16 billion.
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