CVR Refining, LP
CVRR
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Address
- IPO Date
- Jan 17, 2013
- CIK
- 0001558785
- Similar Companies
- Business
- CVR Refining, LP (CVRR) operates as a subsidiary of CVR Energy, Inc., functioning as an independent petroleum refiner and marketer of transportation fuels primarily in the mid-continent region of the United States. The company owns and operates two complex refineries: a full coking medium-sour crude oil refinery in Coffeyville, Kansas, with a capacity of approximately 115,000 barrels per day, and a crude oil refinery in Wynnewood, Oklahoma, with a capacity of approximately 70,000 barrels per day capable of processing light sweet and sour crudes. It produces a range of refined products including gasoline, diesel, jet fuel, gas oil, propane, butane, petroleum coke, sulfur, and specialty products such as propylene and solvents; additionally, it controls extensive logistics assets comprising approximately 570 miles of owned and leased pipelines, 130 crude oil transports, crude oil gathering tank farms, and over 6.4 million barrels of crude oil storage capacity alongside 4.6 million barrels of refined products and feedstocks storage. Founded in 2012 and headquartered in Sugar Land, Texas, CVR Refining, LP serves transportation fuel marketers, retailers, railroads, and commercial end-users, with operations focused on cost-advantaged Mid-Continent and Canadian crude oil feedstocks. CVR Refining GP, LLC serves as its general partner. In a significant strategic development, CVR Energy, Inc., completed the acquisition of all outstanding common units of CVR Refining, LP not already owned by it or its affiliates in 2019, taking the master limited partnership private and fully consolidating its refining operations within the parent company's structure. More recently, amid challenging market conditions for renewables and ahead of a major turnaround at the Coffeyville refinery in early 2025, CVR Energy announced plans to revert the renewable diesel unit at the Wynnewood refinery back to conventional hydrocarbon processing during its December 2025 scheduled turnaround, aiming to enhance value through full hydrocarbon operations. In December 2024, CVR Energy priced a proposed $325 million senior secured term loan B facility to bolster liquidity and strengthen its balance sheet in preparation for the Coffeyville turnaround and ongoing capital projects, including the elimination of hydrofluoric acid from the Wynnewood alkylation unit.