# CVR Energy Reports First Quarter 2020 Results and Announces Cash Dividend of 40 Cents

> CVR Energy reported a first-quarter 2020 net loss of $87 million on net sales of $1.1 billion, with negative EBITDA. The company cited the crude oil price war, a Coffeyville turnaround and COVID-19 refined product demand destruction, and cut its dividend to 40 cents per share.

- Date: 2020-05-07 · published 2020-05-07T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53449-cvr-energy-reports-first-quarter-2020-results-and-announces-cash-dividend-of-40
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Refined product demand destruction and refinery run cuts reduce diesel output and point to weaker diesel prices, which also weigh on the cost structure for feed transport.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +1.6% | +9.6% |
| DIESEL | 2024-05-30 | [Crude Prices Weighed Down by Energy Demand Concerns](https://feedsoft.ai/events/30418-crude-prices-weighed-down-by-energy-demand-concerns.md) | -5.6% | +4.9% |
| DIESEL | 2020-09-09 | [Products: Diesel Hit by Fresh Covid-19 Travel Curbs \| Energy Intelligence](https://feedsoft.ai/events/10503-products-diesel-hit-by-fresh-covid-19-travel-curbs-energy-intelligence.md) | +2.6% | +10.7% |
| DIESEL | 2019-11-16 | [FreightWaves oil report: So where is the impact from IMO 2020? - FreightWaves](https://feedsoft.ai/events/56253-freightwaves-oil-report-so-where-is-the-impact-from-imo-2020-freightwaves.md) | -0.9% | +2.7% |
| DIESEL | 2025-04-30 | [Diesel Under Fire From Trump's Trade War \| Energy Intelligence](https://feedsoft.ai/events/25303-diesel-under-fire-from-trump-s-trade-war-energy-intelligence.md) | -5.0% | -1.5% |

## Sources

- einpresswire.com: https://www.einpresswire.com/article/516383711/cvr-energy-reports-first-quarter-2020-results-and-announces-cash-dividend-of-40-cents

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.