CVR Energy, Inc. (CVI) Soars Following New Investment by Carl Icahn

CVR Energy, Inc. (NYSE:CVI) is among the energy stocks that are gaining this week.

CVR Energy, Inc. (CVI) Soars Following New Investment by Carl Icahn

CVR Energy, Inc. (NYSE:CVI) is primarily engaged in the renewable fuels and petroleum refining and marketing businesses, as well as in the nitrogen fertilizer manufacturing business in North America.

CVR Energy, Inc. (NYSE:CVI) shot up after an SEC filing revealed that Carl Icahn increased his stake in the company by acquiring 783,404 shares of its common stock. The prominent investor acquired the shares in three separate transactions from February 20 to February 24, altogether valued at over $16.44 million. The investment has increased Icahn’s total stake in CVR Energy to 71,201,875 shares, representing a substantial 70.82% of the company’s stock.

The move comes after CVR Energy, Inc. (NYSE:CVI) reported better-than-expected results for its Q4 2025 on February 18, with the company beating forecasts in both earnings and revenue.

While it posted a net loss during the quarter, CVR’s net income for the full-year 2025 came in at $90 million, up significantly from the $45 million posted in 2024. However, the company reported a negative free cash flow of $231 million for the year, down from the positive free cash flow of $181 million generated in 2024.

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