v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (including $158 and $69, respectively, of consolidated variable interest entity (“VIE”)) $ 1,278 $ 511
Accounts receivable, net (including $54 and $59, respectively, of VIE) 464 235
Inventories (including $85 and $83, respectively, of VIE) 655 472
Prepaid expenses (including $2 and $1, respectively, of VIE) 20 29
Other current assets (including $0 and $1, respectively, of VIE) 17 20
Total current assets 2,434 1,267
Property, plant, and equipment, net (including $710 and $712, respectively, of VIE) 2,011 2,050
Other long-term assets (including $48 and $44, respectively, of VIE) 335 389
Total assets 4,780 3,706
Current liabilities:    
Accounts payable (including $73 and $48, respectively, of VIE) 620 415
Other current liabilities (including $104 and $48, respectively, of VIE) 785 291
Total current liabilities 1,405 706
Long-term liabilities:    
Long-term debt and finance lease obligations, net of current portion (including $569 and $569, respectively, of VIE) 1,769 1,751
Deferred income taxes 245 269
Other long-term liabilities (including $34 and $38, respectively, of VIE) 104 82
Total long-term liabilities 2,118 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 September 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in-capital 1,508 1,508
Accumulated deficit (422) (777)
Treasury stock, 98,610 shares at cost (2) (2)
Total CVR stockholders’ equity 1,085 730
Noncontrolling interest 172 168
Total equity 1,257 898
Total liabilities and equity $ 4,780 $ 3,706