Operating Segments was Cvr Energy’s largest segment in fiscal 2025, bringing in $6.43B of $6.43B (100%).
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Segments | $9.92B | $8.29B | $6.92B | $6.43B | |||||||||
| Reportable Legal Entities | — | — | — | — | |||||||||
| Other/Eliminations | — | — | — | — | |||||||||
| Intercompany Elimination | — | — | — | — | |||||||||
| Other, Including Reconciling Items | — | — | — | — | |||||||||
| Other | — | — | — | — | |||||||||
| Inter-Segment Fees & Sales | -$214.00M | -$20.00M | -$125.00M | -$1.00M | |||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||
| Intersegment Elimination | — | — | — | — | |||||||||
| Corporate & Eliminations | -$197.00M | — | -$124.00M | — | |||||||||
| Total | $9.51B | $8.27B | $6.67B | $6.43B |
Cvr Energy brought in $6.43B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $7.33B it reports by statement business segments, so these segments do not cover all of its revenue. Operating Segments was the largest at $6.43B (100.0%).
The total is net of Inter-Segment Fees & Sales, which took $1.00M off revenue in fiscal 2025.
Petroleum was Cvr Energy’s largest segment in fiscal 2025, bringing in $6.42B of $7.33B (87%).
| Statement Business Segments | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Petroleum | $9.90B | $8.29B | $6.92B | $6.42B | |||||||||||||
| Net Sales | — | — | — | — | |||||||||||||
| Nitrogen Fertilizer | $836.00M | $681.00M | $525.00M | $605.00M | |||||||||||||
| Renewables | $338.00M | $559.00M | $289.00M | $312.00M | |||||||||||||
| Intersegment Elimination | — | — | — | — | |||||||||||||
| Total | $11.08B | $9.53B | $7.73B | $7.33B |
Cvr Energy brought in $7.33B from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 5.2% from $7.73B in fiscal 2024. Petroleum was the largest at $6.42B (87.5%), ahead of Nitrogen Fertilizer at $605.00M (8.3%) and Renewables at $312.00M (4.3%).
Compared with fiscal 2024, Nitrogen Fertilizer grew fastest, up 15.2% to $605.00M, while Petroleum fell the most, down 7.3% to $6.42B. From fiscal 2022 to 2025, combined revenue from these segments fell from $11.08B to $7.33B, a compound annual decline of 12.8%. Petroleum's share of the total fell from 89.4% to 87.5%.
Cvr Energy (CVI) reports its revenue by segment and by statement business segments. In fiscal 2025, Operating Segments was its largest segment, bringing in $6.43B (100.0% of the total).
Operating Segments was Cvr Energy's largest segment in fiscal 2025, bringing in $6.43B, or 100.0% of the $6.43B total across its two segments.
Among Cvr Energy's segments that make up at least 2% of revenue, Nitrogen Fertilizer grew fastest in fiscal 2025, up 15.2% from $525.00M to $605.00M.
Every figure comes from Cvr Energy's annual financial filings, as reported. Each line keeps the name Cvr Energy gives it, and years follow its fiscal calendar.
Cvr Energy's revenue by segment goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.