CVR Energy reports Q3 EPS $1.18, consensus 78c
Reports Q3 revenue $1.62B, two estimates $1.61B. "CVR Energy reported solid results for the third quarter 2019, driven by safe and reliable operations, improved capture rates, higher throughput volumes and increased fertilizer sales volumes and pricing," said Dave Lamp, CVR Energy's CEO. "We're pleased to report that our Board of Directors has approved a 7 percent increase in our dividend, raising it to 80 cents per quarter, or $3.20 on an annualized basis. In addition, it authorized a four-year, $300 million stock repurchase program, giving us another potential way to return excess cash to stockholders. We also have concluded the formal bank process that we announced in May 2019 for the potential sale of the Company, though we continue to evaluate various revenue diversification and value creation opportunities.