CVR Energy Inc. (CVI) announced first quarter 2013 net income attributable to stockholders of $165.0 million, or $1.90 per share, compared to a net loss of $25.2 million, or $0.29 per share in the first quarter of 2012.
Operating income for the first quarter of 2013 was $367.7 million, up from $140.5 million in the same quarter of 2012.
Adjusted net income attributable to stockholders was $156.8 million or $1.81 per share, up from $67.1 million or $0.76 per share in the prior year quarter.
Quarterly net sales increased to $2.35 billion from $1.97 billion in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.48 per share on revenues of $2.19 million for the quarter. Analysts' estimates typically exclude special items.
The company also announced a first quarter 2013 cash dividend of 75 cents per share. The dividend, as declared by CVR Energy's Board of Directors, will be paid on May 17, 2013, to stockholders of record onMay 10, 2013.
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