v3.26.1
Long-Term Debt and Finance Lease Obligations (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term debt and Finance Lease Obligations
Long-term debt and finance lease obligations consisted of the following:
(in millions)June 30, 2026December 31, 2025
CVR Energy:
7.500% Senior Notes, due February 2031
$600 $— 
7.875% Senior Notes, due February 2034
400 — 
8.500% Senior Notes, due January 2029
— 600 
5.750% Senior Notes, due February 2028
183 400 
Finance lease obligations, net of current portion4 2 
Unamortized debt issuance costs(13)(3)
Total CVR Energy debt1,174 999 
Petroleum Segment:
Term loan— 154 
Finance lease obligations, net of current portion28 32 
Unamortized debt discount and debt issuance costs— (3)
Total Petroleum Segment debt
28 183 
Nitrogen Fertilizer Segment:
6.125% Senior Secured Notes, due June 2028
550 550 
Finance lease obligations, net of current portion20 21 
Unamortized debt issuance costs(1)(2)
Total Nitrogen Fertilizer Segment debt
569 569 
Total long-term debt and finance lease obligations, net of current portion1,771 1,751 
Current portion of long-term debt and finance lease obligations12 14 
Total long-term debt and finance lease obligations, including current portion$1,783 $1,765 
Credit Agreements
(in millions)Total Available Borrowing CapacityAmount Borrowed as of June 30, 2026Outstanding Letters of CreditAvailable Capacity as of June 30, 2026Maturity Date
Petroleum Segment
CVR Energy’s Amended and Restated ABL Credit Agreement (“CVR Energy ABL”)$550 $— $10 $540 February 12, 2031
Nitrogen Fertilizer Segment:
CVR Partners’ Credit Agreement (“CVR Partners ABL”)
$50 $— $— $50 September 26, 2028