CVR Refining LP (CVRR) Releases Earnings Results, Misses Expectations By $-0.16 EPS

CVR Refining LP (CVRR) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.46 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $-0.30. The company posted revenue of $834.00 million in the period, compared to analysts expectations of $888.50 million. The company’s revenue was down -36.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

CVR Refining LP opened for trading at $13.05 and hit $13.25 on the upside on Wednesday, eventually ending the session at $13.05, with a gain of 0.69% or 0.09 points. The heightened volatility saw the trading volume jump to 10,94,011 shares. Company has a market cap of $1,926 M.

In a different news, on Feb 26, 2015, Robert W Haugen (EVP, Refining Operations) sold 4,000 shares at $18.59 per share price.

CVR Refining LP is an independent downstream energy limited partnership. The Company has refining and related logistics assets that operate in the mid-continent region. It owns two refineries in the underserved Group 3 of the PADD II region of the United States. It owns and operates a full coking medium-sour crude oil refinery in Coffeyville Kansas and a crude oil refinery in Wynnewood Oklahoma. In addition the Company also controls and operates supporting logistics assets including owned and leased pipelines owned crude oil transports a network of crude oil gathering tank farms owned and leased crude oil storage capacity and combined refinery related storage capacity. It processes a variety of crudes including West Texas sour (WTS) West Texas intermediate (WTI) sweet and sour Canadian and locally gathered crudes. The Company offers refined products primarily to retailers railroads and farm cooperatives and other refiners/marketers in Group 3 of the PADD II region.

CVR Refining LP

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