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Refiner CVR Energy says 2Q throughput to fall 8% in wake of fire
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Refiner CVR Energy says 2Q throughput to fall 8% in wake of fire
May 14, 2024 5:55 PM

May 14 (Reuters) - Carl Icahn-controlled oil refiner CVR

Energy ( CVI ) on Tuesday said second quarter petroleum

throughout would fall about 8% in the wake of an April 28 fire

at its Wynnewood, Oklahoma, refinery.

Total throughout this quarter will be between 170,000 and

190,000 barrels per day (bpd), down about 8% at the midpoint

compared to 196,000 in the first quarter. Capital expenses for

petroleum operations will range between $35 million and $50

million, from $42 million in the first quarter, it said in a

statement.

Fire damages at the 74,500 bpd facility were confined to

pipe racks and pumps in the area of the naphtha processing units

that impacted service to other units. One crude unit, the fluid

catalytic cracker, and the alkylation unit have been restarted

and a reformer is in the process of starting up, it said.

CVR expects operations to return to normal by the end of

June with the fire not currently expected to have a material

impact on operations, the company said.

Shares were 1.2% higher at $28.89 on Tuesday.

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