CVR Energy Announces Pricing of $500 Million Common Stock Offering
CVR Energy, Inc. has priced an underwritten public offering of 10.5 million common shares at $47.55 per share, expecting net proceeds of approximately $490 million.
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Filed: 2026-11-05 AccNo: 0001193125-26-450036 Size: 435 KB Item 1.01: Entry into a Material Definitive Agreement Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
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CVR Energy, Inc. has priced an underwritten public offering of 10.5 million common shares at $47.55 per share, expecting net proceeds of approximately $490 million.
CVR Energy announced a $750 million public offering of common shares to help fund its acquisition of refineries from Marathon Petroleum.
Icahn Enterprises reported a Q3 2026 net loss of $225 million, primarily due to $522 million in refining hedge losses, though indicative NAV increased $865 million. The company's subsidiary CVR Energy announced a transformative $4.2 billion acquisition of two refineries and a marketing platform from Marathon Petroleum, expected to increase EBITDA by over $1 billion and EPS by 105% on a pro forma basis. The company divested Pep Boys for $645 million and maintains $2.3 billion in holding company liquidity.
CVR Energy reported its third-quarter 2026 financial results, showing growth in adjusted earnings and revenue.
Marathon Petroleum reported third-quarter adjusted EPS of $26.93, beating estimates of $24.32, while revenue reached $56.49 billion and adjusted EBITDA climbed to $11.7 billion.
CVR Energy, Inc. has entered into a definitive agreement to purchase two refineries and related midstream assets from Marathon Petroleum and MPLX LP for a total purchase price of $4.2 billion.