CVR Energy, Inc. (NYSE:CVI) Q4 2022 Results Conference Call February 22, 2023 1:00 PM ET

Company Participants

Richard Roberts - IR

Dave Lamp - CEO

Dan Newman - CFO

Conference Call Participants

John Royall - JP Morgan

Neil Mehta - Goldman Sachs

Paul Cheng - Scotiabank

Operator

Greetings, and welcome to the CVR Energy Fourth Quarter 2022 Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Richard Roberts, Vice President of Financial Planning and Analysis and Investor Relations. Thank you, sir. You may begin.

Richard Roberts

Thank you, Christine. Good afternoon, everyone. We very much appreciate you joining us this afternoon for our CVR Energy fourth quarter 2022 earnings call. With me today are Dave Lamp, our Chief Executive Officer; Dan Newman, our Chief Financial Officer; and other members of management.

Prior to discussing our 2022 fourth quarter and full year results, let me remind you that this conference call may contain forward-looking statements as that term is defined under federal securities laws. For this purpose, any statements made during this call that are not statements of historical facts may be deemed to be forward-looking statements.

You are cautioned that these statements may be affected by important factors set forth in our filings with the Securities and Exchange Commission and our latest earnings release. As a result, actual operations or results may differ materially from the results discussed in the forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

Let me also remind you that CVR Partners completed a 1 for 10 reverse split of its common units on November 23, 2020. Any per unit references made on this call are on a split adjusted basis.

This call also includes various non-GAAP financial measures. The disclosures related to such non-GAAP measures, including reconciliation to the most directly comparable GAAP financial measures, are included in our 2022 fourth quarter earnings release that we filed with the SEC and Form 10-K for the period and will be discussed during the call.

That said, I'll turn the call over to Dave.

Dave Lamp

Thank you, Richard. Good afternoon, everyone, and thank you for joining our earnings call. For the full year of 2022, we reported a consolidated net income of $644 million, earnings per share of $4.60 and an EBITDA of $1.2 billion. At the segment level, we generated $905 million of EBITDA at the Petroleum segment and $403 million of EBITDA at the Fertilizer segment.