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Related Party Transactions
 6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Related Party Transactions
(15) Related Party Transactions

Activity associated with the Company’s related party arrangements for the three and six months ended June 30, 2023 and 2022 is summarized below:

Related Party Activity
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2023202220232022
Sales to related parties:
CVRP JV CO Contract (1)
$1 $— $2 $— 
Purchases from related parties:
Enable Joint Venture Transportation Agreement3 2 6 5 
Midway Joint Venture Agreement (2)
5 5 10 11 
Payments:
Dividends (3)
36 28 71 28 
(1)Sales to related parties, included in Net sales in our condensed consolidated financial statements, consists of CO sales to a CVRP JV subsidiary.
(2)Purchases from related parties, included in Cost of materials and other in our condensed consolidated financial statements, represents reimbursements for crude oil transportation services incurred on the Midway JV through Vitol as the intermediary purchasing agent.
(3)See below for a summary of the dividends paid to IEP during the six months ended June 30, 2023 and year ended December 31, 2022.
Dividends to CVR Energy Stockholders

Dividends, if any, including the payment, amount and timing thereof, are determined in the discretion of CVR Energy’s board of directors (the “Board”). IEP, through its ownership of the Company’s common stock, is entitled to receive dividends that are declared and paid by the Company based on the number of shares held at each record date. The following tables present quarterly and special dividends paid to the Company’s stockholders, including IEP, during 2023 and 2022 (amounts presented in table below may not add to totals presented due to rounding):
Quarterly Dividends Paid (in millions)
Related PeriodDate PaidQuarterly Dividends
Per Share		Public StockholdersIEPTotal
2022 - 4th Quarter
March 13, 2023$0.50 $15 $36 $50 
2023 - 1st Quarter
May 22, 20230.50 15 36 50 
Total 2023 quarterly dividends
$1.00 $29 $71 $101 

Quarterly Dividends Paid (in millions)
Related PeriodDate PaidQuarterly Dividends
Per Share		Public StockholdersIEPTotal
2022 - 1st Quarter
May 23, 2022$0.40 $12 $28 $40 
2022 - 2nd Quarter
August 22, 20220.40 12 28 40 
2022 - 3rd Quarter
November 21, 20220.40 12 28 40 
Total 2022 quarterly dividends
$1.20 $35 $85 $121 

Special Dividends Paid (in millions)
Related PeriodDate PaidSpecial Dividends
Per Share		Public StockholdersIEPTotal
2022 - 2nd Quarter
August 22, 2022$2.60 $76 $185 $261 
2022 - 3rd Quarter
November 21, 20221.00 29 71 101 
Total 2022 special dividends
$3.60 $106 $256 $362 

No quarterly dividends were paid during the first quarter of 2022 related to the fourth quarter of 2021.

For the second quarter of 2023, the Company, upon approval by the Board on July 31, 2023, declared a cash dividend of $0.50 per share, or $50 million, which is payable August 21, 2023 to shareholders of record as of August 14, 2023. Of this amount, IEP will receive $36 million due to its ownership interest in the Company’s shares.

In addition, the Company, upon approval by the Board on July 31, 2023, declared a special dividend of $1.00 per share, or $101 million, which is payable August 21, 2023 to shareholders of record as of August 14, 2023. Of this amount, IEP will receive $71 million due to its ownership interest in the Company’s shares.

Distributions to CVR Partners’ Unitholders

Distributions, if any, including the payment, amount and timing thereof, and UAN GP Board’s distribution policy, including the definition of Available Cash, are subject to change at the discretion of the UAN GP Board. The following tables present quarterly distributions paid by CVR Partners to its unitholders, including amounts received by the Company, during 2023 and 2022 (amounts presented in tables below may not add to totals presented due to rounding):
Quarterly Distributions Paid (in millions)
Related PeriodDate PaidQuarterly Distributions
Per Common Unit		Public
Unitholders		CVR EnergyTotal
2022 - 4th Quarter
March 13, 2023$10.50 $70 $41 $111 
2023 - 1st Quarter
May 22, 202310.43 70 41 110 
Total 2023 quarterly distributions
$20.93 $140 $81 $221 
Quarterly Distributions Paid (in millions)
Related PeriodDate PaidQuarterly Distributions
 Per Common Unit		Public
Unitholders		CVR EnergyTotal
2021 - 4th QuarterMarch 14, 2022$5.24 $36 $20 $56 
2022 - 1st QuarterMay 23, 20222.26 15 9 24 
2022 - 2nd QuarterAugust 22, 202210.05 67 39 106 
2022 - 3rd QuarterNovember 21, 20221.77 12 7 19 
Total 2022 quarterly distributions
$19.32 $130 $75 $205 

For the second quarter of 2023, CVR Partners, upon approval by the UAN GP Board on July 31, 2023, declared a distribution of $4.14 per common unit, or $44 million, which is payable August 21, 2023 to unitholders of record as of August 14, 2023. Of this amount, CVR Energy will receive approximately $16 million, with the remaining amount payable to public unitholders.