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Selected Quarterly Financial Information (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summary of quarterly financial data
Summarized quarterly financial data for December 31, 2015 and 2014.
 
Year Ended December 31, 2015
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
(in millions, except per share data)
Net sales
$
1,388.9

 
$
1,624.2

 
$
1,408.8

 
$
1,010.6

Operating costs and expenses:
 
 
 
 
 
 
 
Cost of product sold (exclusive of depreciation and amortization)
1,073.6

 
1,192.2

 
1,076.7

 
847.9

Direct operating expenses (exclusive of depreciation and amortization)
111.4

 
115.4

 
145.8

 
212.1

Flood insurance recovery
—

 
(27.3
)
 
—

 
—

Selling, general and administrative (exclusive of depreciation and amortization)
25.3

 
27.2

 
26.1

 
20.4

Depreciation and amortization
42.0

 
42.5

 
38.7

 
40.9

Total operating costs and expenses
1,252.3

 
1,350.0

 
1,287.3

 
1,121.3

Operating income (loss)
136.6

 
274.2

 
121.5

 
(110.7
)
Other income (expense):
 
 
 
 
 
 
 
Interest expense and other financing costs
(12.7
)
 
(11.9
)
 
(11.9
)
 
(11.9
)
Interest income
0.2

 
0.3

 
0.3

 
0.2

Gain (loss) on derivatives, net
(51.4
)
 
(12.6
)
 
11.8

 
23.6

Other income, net
36.0

 
0.2

 
0.3

 
0.2

Total other income (expense)
(27.9
)
 
(24.0
)
 
0.5

 
12.1

Income (loss) before income taxes
108.7

 
250.2

 
122.0

 
(98.6
)
Income tax expense (benefit)
24.0

 
58.1

 
23.1

 
(20.7
)
Net income (loss)
84.7

 
192.1

 
98.9

 
(77.9
)
Less: Net income (loss) attributable to noncontrolling interest
29.8

 
90.2

 
41.0

 
(32.9
)
Net income (loss) attributable to CVR Energy stockholders
$
54.9

 
$
101.9

 
$
57.9

 
$
(45.0
)
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
0.63

 
$
1.17

 
$
0.67

 
$
(0.52
)
Diluted earnings (loss) per share
$
0.63

 
$
1.17

 
$
0.67

 
$
(0.52
)
Dividends declared per share
$
0.50

 
$
0.50

 
$
0.50

 
$
0.50

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
 
 
 
 
 
Basic
86.8

 
86.8

 
86.8

 
86.8

Diluted
86.8

 
86.8

 
86.8

 
86.8


 
Year Ended December 31, 2014
 
Quarter
 
First
 
Second
 
Third
 
Fourth
 
(in millions, except per share data)
Net sales
$
2,447.4

 
$
2,540.3

 
$
2,279.9

 
$
1,841.8

Operating costs and expenses:
 
 
 
 
 
 
 
Cost of product sold (exclusive of depreciation and amortization)
2,076.9

 
2,189.0

 
2,066.7

 
1,733.4

Direct operating expenses (exclusive of depreciation and amortization)
123.4

 
120.1

 
136.8

 
134.7

Selling, general and administrative (exclusive of depreciation and amortization)
26.3

 
28.0

 
31.8

 
23.5

Depreciation and amortization
37.3

 
38.6

 
37.8

 
40.8

Total operating costs and expenses
2,263.9

 
2,375.7

 
2,273.1

 
1,932.4

Operating income (loss)
183.5

 
164.6

 
6.8

 
(90.6
)
Other income (expense):
 
 
 
 
 
 
 
Interest expense and other financing costs
(10.1
)
 
(9.3
)
 
(9.4
)
 
(11.2
)
Interest income
0.2

 
0.2

 
0.3

 
0.2

Gain on derivatives, net
109.4

 
35.9

 
25.7

 
14.5

Other income (expense), net
0.1

 
(2.2
)
 
2.1

 
(3.6
)
Total other income (expense)
99.6

 
24.6

 
18.7

 
(0.1
)
Income (loss) before income taxes
283.1

 
189.2

 
25.5

 
(90.7
)
Income tax expense (benefit)
69.4

 
45.2

 
4.2

 
(21.0
)
Net income (loss)
213.7

 
144.0

 
21.3

 
(69.7
)
Less: Net income (loss) attributable to noncontrolling interest
87.0

 
60.3

 
13.4

 
(25.3
)
Net income (loss) attributable to CVR Energy stockholders
$
126.7

 
$
83.7

 
$
7.9

 
$
(44.4
)
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
1.46

 
$
0.96

 
$
0.09

 
$
(0.51
)
Diluted earnings (loss) per share
$
1.46

 
$
0.96

 
$
0.09

 
$
(0.51
)
Dividends declared per share
$
0.75

 
$
0.75

 
$
2.75

 
$
0.75

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
 
 
 
 
 
Basic
86.8

 
86.8

 
86.8

 
86.8

Diluted
86.8

 
86.8

 
86.8

 
86.8