CVR Energy reports Q1 EPS $1.00, consensus 46c
Reports Q1 revenue $1.49B, consensus $1.52B. "CVR Energy reported solid results for the first quarter 2019, driven by safe and reliable operations, wide Brent-WTI differentials, rising crude oil prices, hedging gains and lagging crude oil differentials," said Dave Lamp, CVR Energy's Chief Executive Officer. "The Wynnewood refinery also completed its planned maintenance turnaround safely, on time and under budget. In addition, the BenFree repositioning project was completed during the turnaround and is now in service. "Weather conditions continued to impact CVR Partners' quarterly results by delaying the start of the spring fertilizer application," Lamp said. "However, the spring fertilizer application is now in full swing and we have seen strong demand during the past few weeks. We also expect several million additional acres of corn to be planted this year."