CVR Energy Inc. (CVI) shares reached a 52-week high of $41.66 on Friday, more than doubling from the 2025 low of $19.62. The stock's 12-month gain stands at 36.5%, with year-to-date and six-month returns of 57.26% and 65.59%, respectively.
The energy refiner reported adjusted earnings of $0.34 per share for the second quarter of 2026, exceeding Wall Street expectations of $0.12 per share. Revenue for the quarter totaled $2.74 billion.
Separately, Icahn Enterprises LP (IEP) saw its credit rating downgraded by S&P Global Ratings from 'BB-' to 'B+' amid continued losses in its investment funds. The funds' value declined 18.2% in the first half of 2026, bringing the total to $2.0 billion as of June 30, down from $2.9 billion in June 2024. Icahn Enterprises posted a net loss of $591 million for the period, primarily attributed to energy and broad-market hedges.
CVR Energy's shares closed at $41.66 on Friday, marking the highest level since August 2025.
