CVR Energy Q2 net income up

Mon. August 10, 2009; Posted: 01:05 PM

Look up the PowerRating of CVI and see how it has performed over the past week as well as the current proprietary PowerRating.

Aug 10, 2009 (Datamonitor via COMTEX) -- CVI | Quote | Chart | News | PowerRating -- CVR Energy, an independent refiner and marketer of transportation fuels, has reported a net income of $42.7 million, or $0.49 per fully diluted share, for the second quarter of 2009, compared to $31 million, or $0.36 per fully diluted share, for the same period of 2008.

The company has reported net sales of $793.3 million for the second quarter of 2009, compared to $1.51 billion for the same quarter of 2008.

CVR Energy has reported a net income of $73.3 million, or $0.85 per fully diluted share, for the first six months of 2009, compared to $53.2 million, or $0.62 per fully diluted share, for the corresponding period of 2008. Year-to-date net sales were $1.4 billion, compared to $2.73 billion for the first six months of 2008.

Jack Lipinski, CEO of CVR Energy, said: "Throughput and flexibility drove CVR Energy's positive second quarter results. Total inputs at the refinery averaged 123,717 barrels per day. At the same time, the nitrogen fertilizer plant managed strong on-stream rates that resulted in increased production and sales, partially offsetting lower prices."

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For full details on CVR Energy Inc (CVI) click here. CVR Energy Inc (CVI) has Short Term PowerRatings of 6. Details on CVR Energy Inc (CVI) Short Term PowerRatings is available at This Link.

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