CVR Partners GAAP EPS of -$1.02, revenue of $146.15M

CVR Energy (CVI) announced a $253M balance sheet reduction due to an EPA waiver. It also agreed to acquire Marathon Petroleum's St. Paul Park and Mandan refineries. Q3 2026 net income rose to $746M, with adjusted EBITDA at $570M. The company declared a $0.10 dividend, while CVR Partners (UAN) reported a $1.79 distribution.

CVR Energy announced a $4.2 billion deal to acquire two refineries and a marketing business from Marathon Petroleum. Icahn Enterprises reported a Q3 2026 net loss of $225 million, impacted by $287 million in refining hedge losses, but saw a $522 million increase in its CVI subsidiary's value. The company declared a $0.50 quarterly distribution.

Marathon Petroleum is nearing a $4 billion deal to sell refineries to CVR Energy, according to the Wall Street Journal. The refining sector has seen high margins due to global fuel supply disruptions, making refineries attractive takeover targets. CVR Energy, 71% owned by Carl Icahn, is the seventh-largest U.S. refiner with a market value of around $6 billion, significantly smaller than Marathon's $125 billion.

CVR Energy is nearing a $4 billion deal to acquire refineries from Marathon Petroleum, according to the Wall Street Journal. The companies plan to announce the deal Tuesday. CVR Energy, controlled by Carl Icahn, is the seventh-largest U.S. refiner. The deal comes amid strong refinery sales due to global fuel production capacity reductions.

Pfizer reported Q3 results exceeding estimates, raising its full-year revenue forecast to $62B-$64B (previously $60.5B-$62.5B) and adjusted profit guidance to $2.95-$3.05 per share. The company also appointed Cecile Guegan as permanent CFO, citing strong performance and cost cuts.

Pfizer reported Q3 earnings of $0.87 per share, exceeding estimates by $0.14, with revenue of $16.58B, beating by $700M. The company raised its FY26 outlook and named Cecile Guegan as CFO.