v3.26.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Positions Held
The following outlines the net notional buy (sell) position of our commodity derivative instruments held as of June 30, 2026 and December 31, 2025:
(in thousands of barrels)CommodityJune 30, 2026December 31, 2025
Forwards
Crude (1)
324 736 
Swaps
NYMEX Diesel Cracks (1)
(7,455)(3,120)
SwapsNYMEX RBOB Cracks(400)— 
SwapsGroup 3 Diesel Cracks(300)— 
FuturesCrude— (75)
(1)As of June 30, 2026, the Company held offsetting forward Crude and NYMEX Diesel Crack commodity buy and sell positions of approximately 1.4 million and 0.5 million barrels, respectively.
Schedule of Derivative Offsetting Assets
The following outlines the balances of our commodity derivative instruments after the effects of contract netting and allocation of collateral and their classifications on our Condensed Consolidated Balance Sheets. Refer to Note 9 (“Fair Value Measurements”) for the gross amounts of the commodity derivative instruments (before the effects of contract netting and allocation of collateral):
June 30, 2026December 31, 2025
(in millions)AssetsLiabilitiesAssetsLiabilities
Other current assets
$— $— $7 $— 
Other current liabilities
— 81 — — 
Other long-term liabilities
— 22 — — 
Schedule of Derivative Offsetting Liabilities
The following outlines the balances of our commodity derivative instruments after the effects of contract netting and allocation of collateral and their classifications on our Condensed Consolidated Balance Sheets. Refer to Note 9 (“Fair Value Measurements”) for the gross amounts of the commodity derivative instruments (before the effects of contract netting and allocation of collateral):
June 30, 2026December 31, 2025
(in millions)AssetsLiabilitiesAssetsLiabilities
Other current assets
$— $— $7 $— 
Other current liabilities
— 81 — — 
Other long-term liabilities
— 22 — — 
Schedule of Net (Losses) Gains on Derivatives
The following table represents CVR Energy’s incurred realized and unrealized net (losses) gains from derivative activities, recorded in Cost of materials and other on the Condensed Consolidated Statements of Operations:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2026202520262025
Commodity derivative instruments$(75)$4 $(257)$19