CVR Refining, LP reported unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net sales of $1,516.7 million against $1,269.4 million for the same period a year ago. Operating income was $46.5 million against $15.3 million for the same period a year ago. Loss before income tax expense was $29 million against $10.7 million for the same period a year ago. Net loss was $29 million or $0.20 per basic and diluted share against $10.7 million or $0.07 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $76.4 million against $27.7 million for the same period a year ago. Net cash used in operating activities was $136.4 million against net cash flow provided by operating activities of $81.4 million for the same period a year ago. Total capital expenditures were $33.6 million against $18.9 million for the same period a year ago. EBITDA was $16.5 million against $34.3 million for the same period a year ago.

For the year, the company reported net sales of $5,664.2 million against $4,431.3 million for the same period a year ago. Operating income was $203.8 million against $77.8 million for the same period a year ago. Income before income tax expense was $88.8 million against $15.3 million for the same period a year ago. Net income was $88.8 million or $0.60 per basic and diluted share against $15.3 million or $0.10 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $372.6 million against $222.8 million for the same period a year ago. Net cash flow provided by operating activities was $177.9 million against $267.8 million for the same period a year ago. Total capital expenditures were $99.7 million against $102.3 million for the same period a year ago. EBITDA was $268.6 million against $187.6 million for the same period a year ago.

For the quarter, the company reported total crude oil throughput of 203,263 barrels against 207,422 barrels a year ago. Total refining production (excluding internally produced fuel) was 204,847 barrels against 224,485 barrels a year ago.

For the year, the company reported total crude oil throughput of 204,748 barrels against 198,042 barrels a year ago. Total refining production (excluding internally produced fuel) was 216,780 barrels against 209,605 barrels a year ago.

For the first quarter of 2018, the company expected total crude throughput of 175,000 bpd to 185,000 bpd. Total refining production will be in range of 185,000 bpd to 195,000 bpd. Total capital spending will be in the range of $15 million to $25 million.