CVR Energy (NYSE:CVI), Inc., a Texas-based diversified holding company with interests in renewable fuels, petroleum refining, and nitrogen fertilizer manufacturing, is slated to release its third-quarter earnings for 2023 after the close of trading on the New York Stock Exchange (NYSE) on October 30. The company has scheduled a teleconference to discuss the results at 1 p.m. Eastern on October 31. The call will be live-streamed and subsequently archived for two weeks on the company's website.
According to InvestingPro data, CVR Energy has a strong financial footing with a market capitalization of 3230M USD and a P/E ratio of 6.09. The company's revenue growth stands at 4.09%, despite a quarterly drop of -28.88%. The InvestingPro Fair Value for CVR Energy is estimated at 37.59 USD, slightly above the previous closing price of 31.86 USD.
InvestingPro Tips for CVR Energy highlight the company's high earnings quality, with free cash flow exceeding net income, and a consistent increase in earnings per share. Four analysts have revised their earnings upwards for the upcoming period, indicating a positive outlook. The company also pays a significant dividend to shareholders and has maintained dividend payments for 11 consecutive years.
CVR Energy subsidiaries serve as the general partner and own 37% of the common units of CVR Partners (NYSE:UAN), LP. CVR Partners, an ammonia and UAN solution fertilizer producer in Texas, will also announce its Q3 2023 earnings after NYSE closing on October 30. Similar to CVR Energy, they will host a live webcast teleconference call on October 31, which will be archived for 14 days.
InvestingPro data shows that CVR Partners has a market capitalization of 883.83M USD, a P/E ratio of 3.72, and a revenue of 777.98M USD. The company has experienced a revenue growth of -2.81% and an EBITDA growth of -19.85%. The InvestingPro Fair Value for CVR Partners is estimated at 94.29 USD, higher than the previous closing price of 83.27 USD.
InvestingPro Tips for CVR Partners highlight the company's high return on invested capital and the fact that it has raised its dividend for 3 consecutive years. The company also pays a significant dividend to shareholders, and its liquid assets exceed short-term obligations.
The earnings news from both companies will be distributed via GlobeNewswire and posted on their respective websites. For further information, interested parties can contact Richard Roberts in Investor Relations or Brandee Stephens in Media Relations. For more insights and tips, visit InvestingPro at InvestingPro.
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