7/30/2026

speaker
Operator
Conference Operator

Thank you for standing by and welcome to the CVR Energy Inc. Second Quarter 2026 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press star, then the number one on your telephone keypad. I would now like to turn the call over to Richard Roberts, Interim Chief Financial Officer and Vice President of FP&A and Investor Relations. Sir, please go ahead.

speaker
Richard Roberts
Interim Chief Financial Officer and Vice President of FP&A and Investor Relations

Thank you. Good afternoon, everyone. We very much appreciate you joining us this afternoon for our CVR Energy Second Quarter 2026 Earnings Call. With me today are Dane Neumann, our Chief Executive Officer, Mike Wright, our Chief Operating Officer and other members of management. Prior to discussing our 2026 Second Quarter results, let me remind you that this conference call may contain forward-looking statements as that term is defined under federal securities laws. For this purpose, any statements made during this call that are not statements of historical facts may be deemed to be forward-looking statements. You are cautioned that these statements may be affected by important factors set forth in our filings with the Securities and Exchange Commission and in our latest earnings release. As a result, actual operations or results may differ materially from the results discussed in the forward-looking statements. We undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events, or otherwise, except for the extent required by law. This call also includes various non-GAAP financial measures. The disclosures related to such non-GAAP measures, including reconciliation to the most directly comparable GAAP financial measures, are included in our 2026 second quarter earnings release that we filed with the SEC in Form 10-Q for the period and will be discussed during the call. With that said, I'll turn the call over to Dane.

speaker
Dane Neumann
Chief Executive Officer

Thank you, Richard. Good afternoon, everyone, and thank you for joining our earnings call. We posted another quarter of strong operating results with crude utilization of 98% and ammonia plant utilization of 99%. The ongoing global conflicts have created tightness across energy and fertilizer markets, which directly benefited our asset base during the second quarter. We are pleased to announce the second quarter 2026 dividend of 10 cents per share, and we believe current market conditions could present opportunities to reduce leverage and add value for our shareholders. Now let me turn the call over to Richard to discuss our financial highlights.

Disclaimer

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