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CVR Energy Reports Second Quarter 2021 Results

CVR Energy Reports Second Quarter 2021 Results
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MIL-OSI: CVR Energy Finalizes Special Dividend, Determines Cash Distribution Payable to CVR Energy Stockholders

MIL-OSI: CVR Energy Finalizes Special Dividend, Determines Cash Distribution Payable to CVR Energy Stockholders
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CVR Energy Finalizes Special Dividend, Determines Cash Distribution Payable to CVR Energy Stockholders

CVR Energy Finalizes Special Dividend, Determines Cash Distribution Payable to CVR Energy Stockholders
SUGAR LAND, Texas, June 10, 2021 (GLOBE NEWSWIRE) CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced that it has determined the amount of cash per share of its common stock to which each of its stockholders is entitled in connection with the previously announced special dividend of $492 million, to be paid in a combination of cash (the “Cash Distribution”) and the common stock of Delek US Holdings, Inc. (“Delek”) held by the Company (the “Stock Distribution”). The Company will distribute an aggregate amount of approximately $242 million, or $2.40 per share of the Company’s common stock, pursuant to the Cash Distribution and 10,539,880 shares of Delek common stock, which represented approximately 14.3% of the outstanding shares of Delek common stock, pursuant to the Stock Distribution. ....

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CVR Energy Determines Stock Ratio for Distribution of Delek US Holdings Common Stock to CVR Energy Stockholders in Connection With Special Dividend

SUGAR LAND, Texas, May 27, 2021 (GLOBE NEWSWIRE) CVR Energy, Inc. ("CVR Energy" or the "Company") (NYSE:CVI) today announced the final ratio for the . ....

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CVR Energy : Announces Special Dividend and Advancement of Renewable Diesel Initiatives

Advancement of Renewable Diesel Initiatives
SUGAR LAND, Texas (May 11, 2021) - CVR Energy, Inc. ( CVR Energy or the Company ) (NYSE: CVI) today announced that its Board of Directors (the Board ) has determined that the Company will focus on renewable fuels and is no longer interested in acquiring another crude oil refinery. In connection therewith, the Board approved expenditures of up to $10 million to progress its renewable diesel initiatives, including:
The completion of process design to convert an existing hydrotreater at the Coffeyville refinery to renewable diesel service; and
The completion of process design and the ordering of certain long-lead equipment for a feed pretreater for the Wynnewood refinery to lower carbon intensity and feed cost. The pretreater design could be expandable to also process feed for the potential Coffeyville refinery renewable diesel conversion. ....

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