“Three Months Ended March 31, (in millions, except per share data) 2026 2025 Operating loss $ (145) $ (131) Interest expense, net (58) (25) Other income, net 14 2 Income tax benefit 29 49 Net loss (160) (105) Less: Net income attributable to noncontrolling interest (32) (18) Net loss attributable to CVR Energy stockholders $ (192) $ (123) Loss per share $ (1.91) $ (1.22) EBITDA (1) $ (52) $ (61) (1) See “Non-GAAP Reconciliations” section below for reconciliations of the non-GAAP measures shown above.”
“Demand for nitrogen fertilizer, as well as other crop inputs, was strong for the spring 2025 planting season, primarily due to elevated grain prices and favorable weather conditions for planting.”
“This change does not delay, accelerate, or avoid an impairment charge and has been applied prospectively as retrospective application was impracticable due to the inability to objectively determine the assumptions and significant estimates used in prior periods without the benefit of hindsight.”