Last $17.31 USD
Change Today -0.33 / -1.87%
Volume 877.2K
CVRR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

cvr refining lp (CVRR) Snapshot

Open
$17.50
Previous Close
$17.64
Day High
$18.17
Day Low
$17.27
52 Week High
05/6/14 - $28.55
52 Week Low
12/16/14 - $16.88
Market Cap
2.6B
Average Volume 10 Days
730.5K
EPS TTM
$2.27
Shares Outstanding
147.6M
EX-Date
11/6/14
P/E TM
7.6x
Dividend
$2.16
Dividend Yield
16.94%
Current Stock Chart for CVR REFINING LP (CVRR)

cvr refining lp (CVRR) Related Businessweek News

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cvr refining lp (CVRR) Details

CVR Refining, LP operates as a petroleum refiner in the United States. It owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a capacity of approximately 115,000 barrels per calendar day (bpcd); and a medium complexity crude oil refinery in Wynnewood, Oklahoma with a capacity of approximately 70,000 bpcd. The company also controls and operates logistics assets, including approximately 350 miles of owned pipelines; approximately 150 owned crude oil transports; a network of crude oil gathering tank farms; and approximately 6.0 million barrels of owned and leased crude oil storage capacity, as well as a 145,000 barrels per day pipeline system that transports crude oil from its Broome Station tank farm to its Coffeyville refinery. CVR Refining, LP was founded in 2012 and is based in Sugar Land, Texas. The company is a subsidiary of CVR Energy, Inc.

891 Employees
Last Reported Date: 02/26/14
Founded in 2012

cvr refining lp (CVRR) Top Compensated Officers

Chief Executive Officer of CVR Refining GP, L...
Total Annual Compensation: $950.0K
Chief Financial Officer of CVR Refining GP, L...
Total Annual Compensation: $360.0K
Senior Vice President of CVR Refining GP, LLC...
Total Annual Compensation: $380.0K
Executive Vice President of Refining Operatio...
Total Annual Compensation: $315.0K
Senior Vice President of Economics & Planning...
Total Annual Compensation: $235.0K
Compensation as of Fiscal Year 2013.

cvr refining lp (CVRR) Key Developments

CVR Refining, LP Appoints Marty Power as General Partner

CVR Energy Inc. announced that Marty Power will serve as chief commercial officer for the general partner of CVR Energy's petroleum subsidiary, CVR Refining, LP. In his new role, Power is responsible for crude oil acquisition and petroleum marketing for CVR Refining. Most recently, he served as manager of business development and as a trading manager at Koch Supply & Trading, LP.

CVR Refining, LP Announces Quarterly Distribution, Payable on November 14, 2014

CVR Refining, LP announced that it will pay a quarterly distribution of $0.54 per common unit on November 14 to unit-holders of record on November 10. The distribution rate reflects a 44% decrease from the $0.96 per unit paid for the previous quarter.

CVR Refining, LP Announces Consolidated Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter of 2014 and Earnings Guidance for the Full Year of 2014

CVR Refining, LP announced consolidated unaudited earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $21.8 million on net sales of $2,215.2 million compared to net income of $86.0 million on net sales of $1,910.5 million for the 2013 third quarter. Operating income was $3.9 million compared to $23.4 million for the same period a year ago. Income before income tax expense was $21.8 million compared to $86.0 million for the same period a year ago. Basic and diluted earning per share was $0.15 compared to $0.58 for the same period a year ago. Adjusted EBITDA was $129.9 million compared to $33.9 million for the same period a year ago. Net cash provided by operating activities was $130.3 million compared to $16.2 million for the same period a year ago. Capital expenditures for property, plant and equipment was $48.9 million compared to $60.7 million for the same period a year ago. EBITDA was $59.3 million compared to $124.7 million for the same period a year ago. For the nine months, the company reported net income was $467.2 million on net sales of $7,056.9 million, compared to net income of $700.6 million on net sales of $6,322.6 million for the first nine months of 2013. Operating income was $320.4 million compared to $588.1 million for the same period a year ago. Income before income tax expense was $467.2 million compared to $700.6 million for the same period a year ago. Basic and diluted earning per share was $3.17 compared to $4.22 for the same period a year ago. Adjusted EBITDA was $517.0 million compared to $594.5 million for the same period a year ago. Net cash provided by operating activities was $587.7 million compared to $483.4 million for the same period a year ago. Capital expenditures for property, plant and equipment was $154.2 million compared to $140.8 million for the same period a year ago. EBITDA was $581.3 million compared to $820.3 million for the same period a year ago. For the quarter, the company reported total throughput was 183,814 barrels per day compared to 167,563 barrels per day for the same period a year ago. Total refining production (excluding internally produced fuel) was 16,791 barrels per day compared to 166,046 barrels per day for the same period a year ago. For the nine months, total throughput was 206,335 barrels per day compared to 191,224 barrels per day for the same period a year ago. Total refining production (excluding internally produced fuel) was 207,468 barrels per day compared to 191,199 barrels per day for the same period a year ago. For the fourth quarter, the company expects total crude oil throughput to be in the range of 190,000 bpd to 205,000 bpd. Total refining production expects to be in the range of 195,000 bpd to 215,000 bpd. For the full year, the company estimates total capital spending to be approximately $200 million to $220 million, of which $150 million to $160 million is expected to be environmental and maintenance capital. The company expects growth capital to be approximately $50 million to $60 million.

 

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CVRR

Industry Average

Valuation CVRR Industry Range
Price/Earnings 7.3x
Price/Sales 0.3x
Price/Book 1.6x
Price/Cash Flow 5.5x
TEV/Sales 0.2x
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