Last $46.87 USD
Change Today -0.21 / -0.45%
Volume 288.2K
CVI On Other Exchanges
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As of 8:04 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2277 Plaza Drive

Suite 500

Sugar Land, TX 77479

United States

Phone: 281-207-3200

Fax:

CVR Energy, Inc., through its subsidiaries, is engaged in the petroleum refining and nitrogen fertilizer manufacturing activities. The company’s subsidiaries include CVR Refining, LP (the ‘Refining Partnership’) and CVR Partners, LP (the ‘Nitrogen Fertilizer Partnership’). The Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. The Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The company owns the general partner and a majority of the common units representing limited partner interests in each of the Refining Partnership and the Nitrogen Fertilizer Partnership. Segments The company operates through two segments, Petroleum and Nitrogen Fertilizer. Petroleum segment This segment includes a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil unit refinery in Wynnewood, Oklahoma. The Coffeyville refinery is situated on approximately 440 acres in southeast Kansas, approximately 100 miles from Cushing, Oklahoma, a major crude oil trading and storage hub. The Wynnewood refinery is situated on approximately 400 acres located approximately 65 miles south of Oklahoma City, Oklahoma and approximately 130 miles from Cushing, Oklahoma. For the year ended December 31, 2013, the Coffeyville refinery's product yield included gasoline (47%); diesel fuel (primarily ultra-low sulfur diesel) (42%); and pet coke and other refined products, such as natural gas liquids (propane and butane), slurry, sulfur, and gas oil (11%). The Wynnewood refinery's product yield included gasoline (49%); diesel fuel (primarily ultra-low sulfur diesel) (37%); asphalt (7%); jet fuel (4%); and other products (3%). This segment also includes the following auxiliary operating assets: Crude Oil Gathering System This segment owns and operates a crude oil gathering system serving Kansas, Nebraska, Oklahoma, Missouri, and Texas. The system has field offices in Bartlesville and Pauls Valley, Oklahoma and Plainville, Winfield and Iola, Kansas. The system includes approximately 350 miles of feeder and trunk pipelines, approximately 150 crude oil transports, and associated storage facilities for gathering crude oils purchased from independent crude oil producers in the company’s gathering area. This segment also leases various sections of a pipeline from Magellan Midstream Partners, L.P. (Magellan), which is incorporated into its crude oil gathering system. The crude oil gathering system has a gathering capacity of approximately 55,000 barrels per day (bpd). During 2013, this segment gathered an average of approximately 53,000 bpd. The company also has 35,000 bpd of contracted capacity on the Keystone and Spearhead pipelines that allow the company to supply price-advantaged Canadian and Bakken crudes to its refineries. Pipelines and Storage Tanks This segment owns a proprietary pipeline system capable of transporting approximately 145,000 bpd of crude oil from its Broome Station tank farm located near Caney, Kansas to its Coffeyville refinery. Crude oils sourced outside of the proprietary gathering system are delivered by common carrier pipelines into various terminals in Cushing, Oklahoma, where they are blended and then delivered to the Broome Station tank farm through a pipeline owned by Plains Pipeline L.P. This segment also controls associated crude oil storage tanks with a capacity of approximately 1.2 million barrels located outside the Coffeyville refinery; 0.5 million barrels of crude oil storage capacity at Wynnewood, Oklahoma; 1.0 million barrels of crude oil storage capacity in Cushing, Oklahoma; and leases an additional 3.3 million barrels of crude oil storage capacity located at Cushing. In addition to crude oil storage, this segment owns approximately 4.5 million barrels of combined refinery related storage capacity. The company has a rack marketing division supplying product through tanker trucks directly to customers located in close geographic proximity to Coffeyville, Kansas and Wynnewood, Oklahoma and to customers at throughput terminals on Magellan and NuStar Energ

 

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CVI

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Valuation CVI Industry Range
Price/Earnings 12.3x
Price/Sales 0.5x
Price/Book 3.3x
Price/Cash Flow 8.5x
TEV/Sales 0.2x
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