Overview

* Adjusted loss per share 23 cents, missing analyst expectations, per LSEG data

* Co impacted by unfavorable mark-to-market effect on Renewable Fuel Standard obligation

Outlook

* Company does not provide specific financial guidance for future in press release

Result Drivers

* REFINING IMPACT - $89 mln unfavorable mark-to-market impact on Renewable Fuel Standard obligation affected refining results, per CEO Dave Lamp

* THROUGHPUT REDUCTION - Reduced throughput volumes due to processing of intermediate inventories post-Coffeyville refinery turnaround

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $1.76 $1.69

bln bln (5

Analysts

)

Q2 Miss -$0.23 -$0.05

Adjusted (6

EPS Analysts

)

Q2 Net -$90 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 4 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

* Wall Street's median 12-month price target for CVR Energy Inc ( CVI ) is $26.50, about 6.7% below its July 30 closing price of $28.27

* The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 7,262 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)