Oil refiner stocks have surged due to widening crack spreads (the gap between crude and refined product prices) following the Iran conflict. However, the article warns that two small-cap refiners—CVR Energy and PBF Energy—may face rapid margin compression if spreads normalize, making profit-taking prudent. Both stocks show technical overbought conditions, insider selling, and analyst sell ratings despite recent parabolic rallies.

The article highlights three high-dividend yield stocks for potential investment in the new year: Hafnia, Spok Holdings, and CVR, each offering substantial dividend returns despite varying industry challenges.

CVR Energy reported Q2 2025 earnings with mixed results, experiencing a net loss of $114 million due to regulatory challenges and a major refinery turnaround, while showing operational improvements in its renewable and nitrogen fertilizer segments.

Icahn Enterprises reported Q2 2025 earnings with mixed results, beating revenue expectations but falling short on earnings per share. The company showed operational improvements, particularly in its energy segment, while continuing to face challenges in profitability and restructuring.

Icahn Enterprises reported a decrease in NAV due to a decline in CVR Energy and an agreement to sell certain real estate properties. The investment funds were down 1.6% for the quarter, with the biggest decliner being Caesars. The company maintained its quarterly distribution and sees value creation potential in its top disclosed investments.

Icahn Enterprises reported a mixed Q3 2024, with positive returns in its investment funds offset by declines in CVR Energy and struggles in its automotive services division. The company announced a reduction in its quarterly distribution to maintain liquidity for potential investment opportunities.

Style Box ETF report for DES

Smart Beta ETF report for DES

SUGAR LAND, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced its outlook for certain operational statistics and financial information for its Petroleum and Renewables businesses for the second quarter of 2024. This information was not included in the announcement of the results of the first quarter of 2024, as the Company was not yet able to determine the impacts from a fire the Wynnewood Refinery experienced the day prior to the announcement. As previously announced, the fire was extinguished shortly after it started, no employees or contractors were injured, and the operations at the Coffeyville Refinery were not impacted by the fire. After further assessment of this incident, it was determined the damages were limited to pipe racks and pumps in the area of the naphtha processing units, which damage to the pipe rack impacted service to other units. Currently, one crude unit, the fluid catalytic cracker, and the alkylation unit have been restarted and a reformer is in the process of starting up. The Company does not currently expect the fire to have a material impact to its overall financial position, and management expects that operations should return to normal by the end of the second quarter of 2024.

CVR (CVI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

MCS, AL, AEM, INTZ and CVI have been added to the Zacks Rank #1 (Strong Buy) List on May 2, 2023.

CVI, AEM and MCS made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 2, 2023.