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CVR Energy, Inc. Message Board

  • slegermark slegermark Aug 21, 2013 12:19 PM Flag

    Income from subsidiaries, UAN and CVRR is 1.87per share last Q.

    CVI owns 53% of uan or about 38.7 million shares and she owns 71% of CVRR or about 104million shares.
    Distributions from those two mlp's worked out to 163 million dollars for Q2. Divided by 87million shares of CVI stock we get 1.87 in income from those two entities.
    In the conference call the CEO Lipinski stated that he did not see a pile cash laying around as being too useful for acquisitions since their debt structure is so strong they could conceivably swallow a company bigger than they are.

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