CVR Energy, Inc.

NYSE:CVI Stock Report

Market Cap: US$3.2b

CVR Energy Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mark Pytosh

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage21.12%
CEO tenureless than a year
CEO ownershipn/a
Management average tenure4.8yrs
Board average tenure2.1yrs

Recent management updates

Recent updates

Seeking Alpha • May 27

CVR Energy: Margin Capture Is Weak, But The Macro Is Improving

Summary CVR Energy’s refining setup improved materially as Group 3 crack spreads strengthened sharply and 2026 should be a much cleaner operational year. The main problem is not weak refining benchmarks, but weak margin capture, as elevated RIN costs absorbed much of the benefit from stronger cracks in 1Q26. Despite the recent re-rating, CVI still lagged refining peers, suggesting the market remains skeptical that better refining economics will fully translate into EBITDA and free cash flow. If margin capture partially recovers while Group 3 cracks stay strong, CVR Energy’s earnings power could rebound sharply. Read the full article on Seeking Alpha
Narrative Update • May 04

CVI: Higher Long Term Oil Outlook And Mixed Sentiment Will Shape Future Returns

Analysts have lifted their average price target for CVR Energy by $3, citing updated oil price assumptions and mixed but generally recalibrated views across recent research coverage. Analyst Commentary Recent research shows a mix of views on CVR Energy, but there is a clear cluster of bullish analysts who are leaning more constructive on the stock, particularly as assumptions for future oil prices are updated.
Narrative Update • Apr 18

CVI: Higher Oil Price Outlook Will Support Future Earnings Upside

Narrative Update on CVR Energy The analyst price target for CVR Energy has been revised to $35.00. This reflects updated assumptions around a lower discount rate, slightly stronger revenue growth and profit margin inputs, and a modestly lower future P/E multiple as analysts factor in recent sector research and mixed rating actions.
Narrative Update • Apr 04

CVI: Elevated 2026 Oil Assumptions Will Pressure Future Returns

Narrative Update Overview The updated analyst fair value for CVR Energy has shifted from $17.00 to $25.00, reflecting analysts' revised oil price assumptions, slightly less severe revenue decline expectations, improved profit margin estimates, and a higher assumed future P/E multiple following recent price target changes from firms covering the stock. Analyst Commentary Recent Street research on CVR Energy shows a mix of cautious and skeptical views even as some targets move higher.
Narrative Update • Mar 21

CVI: Elevated Oil Assumptions Will Pressure Future Returns

Narrative Update on CVR Energy The updated fair value estimate for CVR Energy moves to $17.00 from $19.00, reflecting analysts' adjustments to price targets in the $25.00 to $32.00 range and their evolving views on oil price expectations and company fundamentals. Analyst Commentary Recent Street research around CVR Energy is cautious, even where headline price targets appear supportive.
Narrative Update • Mar 07

CVI: Revised Earnings Framework And New CEO Will Support Future Upside

Analysts have reduced their price target on CVR Energy by $1 to reflect revised views on discount rates, revenue growth, profit margins and future P/E assumptions, while maintaining their fair value estimate at $35.00. Analyst Commentary Street research on CVR Energy in recent days has focused on fine tuning discount rates, revenue expectations, margins and future P/E assumptions, which led to the modest US$1 reduction in published price targets while leaving a US$35.00 fair value view intact.
Narrative Update • Feb 21

CVI: New Leadership And Earnings Execution Will Support Future Upside Potential

Analysts trimmed their price target on CVR Energy by $1, keeping fair value estimates steady while modestly adjusting assumptions around the discount rate, revenue growth, profit margin, and future P/E to reflect updated views on the business. Analyst Commentary Recent Street research on CVR Energy has centered on fine tuning price targets rather than making wholesale changes to fundamental views, with a couple of closely watched reports cutting targets by $1 while leaving broader valuation frameworks largely intact.
Narrative Update • Feb 06

CVI: Cost Discipline And New Leadership Will Support Future Upside Potential

Analysts have raised their price target for CVR Energy from US$34.87 to US$35.00, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. Analyst Commentary Recent Street research on CVR Energy has included adjustments to price targets that reflect refreshed views on discount rates, revenue expectations, profit margins and assumed P/E multiples.
Narrative Update • Jan 22

CVI: Cost Discipline And Deleveraging Will Drive Future Upside Potential

Analysts reduced their price target on CVR Energy to about US$34.87 from US$35.00, citing updated assumptions around growth, profitability and valuation multiples reflected in recent research commentary. Analyst Commentary Bullish Takeaways Bullish analysts view the revised price target near US$34.87 as still supportive of the current valuation framework.
Narrative Update • Jan 07

CVI: Deleveraging Progress And Dividend Reinstatement Prospects Will Support Future Upside

Analysts have nudged their target for CVR Energy higher to a range of about $25 to $26, citing updated assumptions around deleveraging progress, the potential for a dividend reinstatement, and sector wide revisions across U.S. refiners and integrated names. Analyst Commentary Recent Street research offers a mixed read on CVR Energy, with price targets clustered around the mid $20s and a clear focus on balance sheet progress and income potential.
Analysis Article • Dec 31

CVR Energy, Inc. (NYSE:CVI) Looks Inexpensive After Falling 27% But Perhaps Not Attractive Enough

The CVR Energy, Inc. ( NYSE:CVI ) share price has fared very poorly over the last month, falling by a substantial 27...
Narrative Update • Dec 22

CVI: Dividend Reinstatement And Deleveraging Will Drive Future Upside Potential

The analyst price target for CVR Energy has been raised to $35 from $27, reflecting analysts' expectations for sector tailwinds, improving profitability, and the potential reinstatement of the dividend. Analyst Commentary Bullish analysts have become more constructive on CVR Energy's outlook, lifting price targets in response to improving sector fundamentals and company specific catalysts.
Analysis Article • Dec 12

Is CVR Energy (NYSE:CVI) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Dec 08

CVI: Dividend Reinstatement Hopes Will Face Persistent Refining Margin Uncertainty

We are modestly increasing our analyst price target for CVR Energy to approximately $27.70 per share, reflecting analysts' higher sector-wide forecasts and expectations for improving refining margins, gradual deleveraging, and a potential dividend reinstatement, despite generally cautious stock ratings. Analyst Commentary Street research on CVR Energy has turned incrementally more constructive on valuation, with multiple firms lifting price targets while maintaining generally cautious stock ratings.
Narrative Update • Nov 24

CVI: Dividend Reinstatement Hopes Will Remain Under Pressure From Margin Concerns

Analysts have raised their price targets for CVR Energy, with notable increases up to $37. They cite sector tailwinds, expectations for improved profitability, and the potential for a dividend reinstatement.
Narrative Update • Nov 09

CVI: Margin Uncertainty Will Weigh On Dividend Reinstatement Hopes

Analysts have modestly lowered their fair value estimate for CVR Energy to $27.67 per share. This is a slight decrease of $0.17, reflecting cautious sentiment on revenue growth and profit margin forecasts, despite recently raised price targets driven by anticipation of sector tailwinds and potential dividend reinstatement.
Narrative Update • Oct 26

Dividend Prospects And Sector Tailwinds Will Drive Renewed Optimism And Efficiency

Analysts have raised their price target for CVR Energy by $1.00 to $27.83, citing improved outlooks on sector tailwinds, potential dividend reinstatement, and better than expected near-term indicators. Analyst Commentary Recent research updates have presented a mix of positive and cautious perspectives on CVR Energy’s outlook, valuation, and operational execution.
Narrative Update • Oct 12

Coffeyville Recovery And Renewables Will Improve Operational Efficiency

Analysts have raised their average price target for CVR Energy from $25.67 to $26.83. They cite sector tailwinds, recent industry margin trends, and the potential for dividend reinstatement as contributing factors.
Narrative Update • Sep 28

Coffeyville Recovery And Renewables Will Improve Operational Efficiency

Despite a notable decline in projected revenue growth, a significant improvement in net profit margin has led analysts to raise CVR Energy’s consensus price target from $24.00 to $25.67. What's in the News CEO Dave Lamp to retire effective December 31, 2025; Mark A.
Narrative Update • Sep 11

Coffeyville Recovery And Renewables Will Improve Operational Efficiency

The consensus Analyst Price Target for CVR Energy has edged up to $24.00, primarily reflecting a modest increase in the Future P/E multiple while revenue growth expectations remain steady. What's in the News CEO Dave Lamp announced plans to retire effective December 31, 2025; Mark A.
Analysis Article • Sep 03

CVR Energy, Inc. (NYSE:CVI) Soars 27% But It's A Story Of Risk Vs Reward

Despite an already strong run, CVR Energy, Inc. ( NYSE:CVI ) shares have been powering on, with a gain of 27% in the...
Narrative Update • Aug 27

Coffeyville Recovery And Renewables Will Improve Operational Efficiency

With both consensus revenue growth forecasts and discount rate estimates for CVR Energy holding steady, analysts have left their fair value price target unchanged at $23.50. What's in the News CEO Dave Lamp to retire at year-end 2025; Mark A.
Analysis Article • Jul 03

CVR Energy, Inc. (NYSE:CVI) Held Back By Insufficient Growth Even After Shares Climb 27%

CVR Energy, Inc. ( NYSE:CVI ) shares have continued their recent momentum with a 27% gain in the last month alone...
Analysis Article • Jun 13

Health Check: How Prudently Does CVR Energy (NYSE:CVI) Use Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • May 04

CVR Energy, Inc.'s (NYSE:CVI) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

CVR Energy, Inc. ( NYSE:CVI ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
Seeking Alpha • Mar 25

CVR Energy: Robust Refinery Mid-Cycle, Hold For Lower Valuation

Summary CVR Energy operates in petroleum refining, nitrogen fertilizer, and renewable diesel, with refining being the main revenue driver and fertilizer boosting margins through pet coke usage. The Group 3 2-1-1 crack spread is crucial for CVI's refining margins, showing a strong correlation with the company's profitability. Renewable diesel capacity hedges against RIN price volatility, despite uncertainties in government subsidies and future expansion. CVR Energy's strong dividend policy and potential takeover by Carl Icahn present both opportunities and risks for investors. Read the full article on Seeking Alpha
Analysis Article • Mar 15

Does CVR Energy (NYSE:CVI) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Feb 21

Renewable And Regulatory Uncertainty Suggests Continuing Trouble For CVR Energy

Summary CVR Energy stock has significantly underperformed, with a -38% return in 2024, mainly due to a failed Citgo bid and dividend suspension. Despite a positive Q4 2024 earnings report, I maintain a Sell rating on CVI stock due to poor macroeconomic outlook for refiners and renewables. The new Trump administration's energy policies create uncertainty for CVR Energy's renewable investments, making future returns highly uncertain. CVR Energy's peers like PBF Energy and Delek US Holdings also face negative performance and regulatory challenges, reinforcing a cautious stance on the sector. Read the full article on Seeking Alpha
Analysis Article • Feb 19

CVR Energy, Inc.'s (NYSE:CVI) Share Price Is Matching Sentiment Around Its Revenues

You may think that with a price-to-sales (or "P/S") ratio of 0.2x CVR Energy, Inc. ( NYSE:CVI ) is a stock worth...
Seeking Alpha • Feb 03

CVR Energy: Difficult Macro But A Potential Icahn Floor Under Shares

Summary CVR Energy has faced significant challenges, including a 40% stock decline and dividend suspension, but Carl Icahn's actions have stabilized the stock. Icahn Enterprises increased its stake in CVI, signaling confidence and creating a near-term floor for the stock price. The Company's liquidity measures, including a $325 million term loan and potential asset sales, should cover upcoming costs despite a weak refining market. Crack spreads are crucial for CVR's future performance; I expect improvement given solid demand, making CVI a buy at $19 with a potential upside of $30. Read the full article on Seeking Alpha
Analysis Article • Jan 29

CVR Energy (NYSE:CVI) Will Be Looking To Turn Around Its Returns

When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
Analysis Article • Nov 28

CVR Energy (NYSE:CVI) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

CEO Compensation Analysis

How has Mark Pytosh's remuneration changed compared to CVR Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$42m

Dec 31 2025US$3mUS$671k

US$27m

Sep 30 2025n/an/a

US$166m

Jun 30 2025n/an/a

-US$333m

Mar 31 2025n/an/a

-US$198m

Dec 31 2024US$3mUS$651k

US$7m

Sep 30 2024n/an/a

US$69m

Jun 30 2024n/an/a

US$547m

Mar 31 2024n/an/a

US$656m

Dec 31 2023US$3mUS$629k

US$769m

Sep 30 2023n/an/a

US$790m

Jun 30 2023n/an/a

US$530m

Mar 31 2023n/an/a

US$564m

Dec 31 2022US$3mUS$608k

US$463m

Sep 30 2022n/an/a

US$337m

Jun 30 2022n/an/a

US$328m

Mar 31 2022n/an/a

US$158m

Dec 31 2021US$2mUS$590k

US$25m

Sep 30 2021n/an/a

-US$29m

Jun 30 2021n/an/a

-US$209m

Mar 31 2021n/an/a

-US$208m

Dec 31 2020US$3mUS$568k

-US$256m

Sep 30 2020n/an/a

-US$144m

Jun 30 2020n/an/a

US$71m

Mar 31 2020n/an/a

US$192m

Dec 31 2019US$3mUS$551k

US$380m

Compensation vs Market: Mark's total compensation ($USD3.18M) is below average for companies of similar size in the US market ($USD7.00M).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.

CEO

Mark Pytosh (60 yo)

less than a year
Tenure
US$3,176,693
Compensation

Mr. Mark A. Pytosh is Director of The Fertilizer Institute. Mr. Mark A. Pytosh has been a Director of CVR GP, LLC at CVR Partners, LP since June 2011. He has been the Chief Executive Officer and President...

Leadership Team

NamePositionTenureCompensationOwnership
Mark Pytosh
Presidentless than a yearUS$3.18mno data
Dane Neumann
Executive VP4.8yrsUS$2.21mno data
Michael Wright
Executive VP & COO4.3yrsUS$1.92mno data
Melissa Buhrig
Executive VP7.8yrsUS$2.63mno data
Jeffrey Conaway
VP, Chief Accounting Officer & Corporate Controller4.8yrsno datano data
Mike Puddy
Senior Vice President of Refined Products & Risk Management16.3yrsno datano data
C. Johnson
Executive VP & Chief Commercial Officer5.2yrsUS$1.60mno data
J. Capps
Executive VP & Chief Commercial Officerless than a yearno datano data
4.8yrs
Average Tenure
54yo
Average Age

Experienced Management: CVI's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mark Pytosh
Presidentless than a yearUS$3.18mno data
David Lamp
Director8.3yrsUS$8.60mno data
Mark Smith
Independent Director2.2yrsUS$55.00kno data
Brett Icahn
Directorless than a yearno datano data
Stephen Mongillo
Independent Director14yrsUS$57.00kno data
Julia Voliva
Independent Director2yrsUS$56.00kno data
Dustin DeMaria
Director2.2yrsno datano data
Jaffrey Firestone
Independent Director6.1yrsUS$54.26kno data
Robert Flint
Chairman1.2yrsno datano data
Colin Kwak
Director1.2yrsno datano data
2.1yrs
Average Tenure
54.5yo
Average Age

Experienced Board: CVI's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/27 18:43
End of Day Share Price 2026/05/27 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CVR Energy, Inc. is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Prashant RaoCitigroup Inc
Paul SankeyDeutsche Bank
Neil MehtaGoldman Sachs