CVI: Q3 adjusted EBITDA reached $582 million as refinery deal targets scale
CVI reported third-quarter net income of $570 million and adjusted EBITDA of $582 million. The proposed refinery purchase would lift capacity to 384 thousand barrels per day.
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what happened
According to TradingView, CVI posted consolidated net income of $570 million for the third quarter, with adjusted EBITDA of $582 million. The petroleum business was the main driver of those results.
The company has also proposed acquiring a refinery, which would expand its total capacity to 384 thousand barrels per day. CVI targets annual run-rate synergies of $70 million by fiscal year 2028.
why it matters
The results show that refining remains the main profit source for CVI. If the deal goes through, higher capacity and the targeted savings could strengthen the company's position in the refining market.
market impact
CVI shares and refining: strong quarter and expansion plans support interest in the company
tags
instruments
sources
- CVI: Q3 Adjusted EBITDA reached $582m as a refinery acquisition targets scale and synergies — TradingView, 3 November 2026 at 22:58 UTC
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