CVR Energy (CVI) shares were down nearly 21% after reporting a Q3 adjusted loss late Monday of $0.50 per diluted share, compared with earnings of $1.89 a year earlier.
Analysts polled by Capital IQ expected a $0.08 loss.
Net sales for the quarter ended Sept. 30 fell to $1.83 billion from $2.52 billion a year earlier.
Analysts surveyed by Capital IQ expected $1.91 billion.
The company said it will not pay a cash dividend for Q3.
"The board's decision to suspend the quarterly dividend reflects its concerns on just how long the current margin environment will persist in light of the company's large, planned turnaround at its Coffeyville refinery in [Q1 2025]," Chief Executive Dave Lamp said.
Price: 18.86, Change: -4.96, Percent Change: -20.82
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。