CVR Refining, LP Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Production Results for the Third Quarter of 2018; Provides Capital Expenditure Guidance for the Year 2018
For the six months, the company reported net sales of $3,282 million against $2,762 million a year ago. Operating income was $214 million against $59 million a year ago. Net income was $265 million against $48 million a year ago. Net income per common unit basic and diluted was $1.80 against net loss per common unit basic and diluted of $0.32 a year ago. Adjusted EBITDA was $273 million against $158 million a year ago. Net cash flow provided by operating activities was $258 million against $252 million a year ago. Total capital expenditures were $32 million against $48 million a year ago. EBITDA was $354 million against $137 million a year ago.
For the second quarter, the company reported total refining production was 216,824 bpd against 222,637 bpd a year ago.
For the six months, the company reported total refining production was 202,644 bpd against 225,879 bpd a year ago.
For the third quarter, the company expects total throughput 200,000 bpd to 210,000 bpd. Total refining production of 210,000 bpd to 220,000 bpd. Total capital spending of $20 million to $30 million.
For the year, the company expects yearly capex guidance is $130 million.