CVR Energy, Inc. Reports Production Results for the Second Quarter and Six Months Ended June 30, 2023
July 01, 2023 at 02:36 am IST
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CVR Energy, Inc. reported production results for the second quarter and six months ended June 30, 2023. For the quarter, the company reported combined total throughput was approximately 201,000 bpd, compared to approximately 201,000 bpd of combined total throughput for the second quarter of 2022.
For the six months, the company reported combined total throughput was approximately 198,797 bpd, compared to approximately 199,306 bpd of combined total throughput for the second quarter of 2022.
CVR Energy, Inc. is a diversified holding company primarily engaged in the renewable fuels and petroleum refining and marketing businesses, as well as in the nitrogen fertilizer manufacturing business through its interest in its subsidiary, CVR Partners, LP (CVR Partners). The Company operates through two segments: Petroleum and Nitrogen Fertilizer. Petroleum Segment refines and markets high-value transportation fuels primarily in the form of gasoline and diesel fuels. Petroleum Segment is composed of the assets and operations of two refineries located in Coffeyville, Kansas and Wynnewood, Oklahoma and supporting logistics assets in the region. Nitrogen Fertilizer segment produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The Company's Nitrogen Fertilizer Segment is composed of the assets and operations of CVR Partners, including two nitrogen fertilizer manufacturing facilities located in Coffeyville, Kansas and East Dubuque, Illinois.