v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (including $137 and $69, respectively, of consolidated variable interest entity (“VIE”)) $ 737 $ 511
Accounts receivable, net (including $82 and $59, respectively, of VIE) 327 235
Inventories (including $94 and $83, respectively, of VIE) 603 472
Prepaid expenses (including $1 and $1, respectively, of VIE) 23 29
Other current assets (including $0 and $1, respectively, of VIE) 27 20
Total current assets 1,717 1,267
Property, plant, and equipment, net (including $699 and $712, respectively, of VIE) 2,021 2,050
Other long-term assets (including $44 and $44, respectively, of VIE) 341 389
Total assets 4,079 3,706
Current liabilities:    
Accounts payable (including $45 and $48, respectively, of VIE) 494 415
Other current liabilities (including $56 and $48, respectively, of VIE) 717 291
Total current liabilities 1,211 706
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $569 and $569, respectively, of VIE) 1,771 1,751
Deferred income taxes 251 269
Other long-term liabilities (including $37 and $38, respectively, of VIE) 102 82
Total long-term liabilities 2,124 2,102
Commitments and contingencies (See Note 12)
CVR Energy stockholders’ equity:    
Preferred stock, $0.01 par value per share; 50,000,000 shares authorized; none issued 0 0
Common stock, $0.01 par value per share; 350,000,000 shares authorized; 100,629,209 and 100,629,209 shares issued as of June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (982) (777)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 525 730
Noncontrolling interest 219 168
Total equity 744 898
Total liabilities and equity $ 4,079 $ 3,706