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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions [Abstract] |
Summary of Related Party Transactions | Activity associated with the Company’s related party arrangements for the years ended December 31, 2024, 2023, and 2022 is summarized below: Related Party Activity
| Year Ended December 31,
(in millions) | 2024 |  | 2023 |  | 2022
Sales to related parties: |  |  |  |  |
CVRP JV CO Contract (1) | $ | 3 |  |  | $ | 4 |  |  | $ | — |
Purchases from related parties: |  |  |  |  |
Enable Joint Venture Transportation Agreement | 13 |  |  | 12 |  |  | 10 |
Midway Joint Venture Agreement (2) | 26 |  |  | 24 |  |  | 22 |
Payments: |  |  |  |  |
Dividends (3) | 100 |  |  | 311 |  |  | 342 |
(1)Sales to related parties, included in Net sales in our Consolidated Statements of Operations, consists of CO sales to a CVRP JV subsidiary. (2)Purchases from related parties, included in Cost of materials and other in our Consolidated Statements of Operations, represents reimbursements for crude oil transportation services incurred on Midway JV through Gunvor as the intermediary purchasing agent. On December 23, 2024, the Company sold the 50% Membership Interests it owned in Midway JV. (3)See below for a summary of the dividends paid to IEP during the years ended December 31, 2024, 2023, and 2022.
Summary of Dividends Paid | The following table presents quarterly and special dividends paid to the Company’s stockholders, including IEP, during 2024, 2023, and 2022 (amounts presented in table below may not add to totals presented due to rounding):
|  |  |  |  |  | Quarterly Dividends Paid (in millions)
Related Period |  | Date Paid |  | Quarterly Dividends Per Share |  | Public Stockholders |  | IEP |  | Total
2023 - 4th Quarter |  | March 11, 2024 |  | $ | 0.50 |  |  | $ | 17 |  |  | $ | 33 |  |  | $ | 50 |
2024 - 1st Quarter |  | May 20, 2024 |  | 0.50 |  |  | 17 |  |  | 33 |  |  | 50 |
2024 - 2nd Quarter |  | August 19, 2024 |  | 0.50 |  |  | 17 |  |  | 33 |  |  | 50 |
Total 2024 quarterly dividends |  | $ | 1.50 |  |  | $ | 51 |  |  | $ | 100 |  |  | $ | 151 |
2022 - 4th Quarter |  | March 13, 2023 |  | $ | 0.50 |  |  | $ | 15 |  |  | $ | 36 |  |  | $ | 50 |
2023 - 1st Quarter |  | May 22, 2023 |  | 0.50 |  |  | 15 |  |  | 36 |  |  | 50 |
2023 - 2nd Quarter |  | August 21, 2023 |  | 0.50 |  |  | 15 |  |  | 36 |  |  | 50 |
2023 - 3rd Quarter |  | November 20, 2023 |  | 0.50 |  |  | 17 |  |  | 33 |  |  | 50 |
Total 2023 quarterly dividends |  | $ | 2.00 |  |  | $ | 61 |  |  | $ | 140 |  |  | $ | 201 |
|  |  |  |  |  | Quarterly Dividends Paid (in millions)
Related Period |  | Date Paid |  | Quarterly Dividends Per Share |  | Public Stockholders |  | IEP |  | Total
2022 - 1st Quarter |  | May 23, 2022 |  | $ | 0.40 |  |  | $ | 12 |  |  | $ | 28 |  |  | $ | 40 |
2022 - 2nd Quarter |  | August 22, 2022 |  | 0.40 |  |  | 12 |  |  | 28 |  |  | 40 |
2022 - 3rd Quarter |  | November 21, 2022 |  | 0.40 |  |  | 12 |  |  | 28 |  |  | 40 |
Total 2022 quarterly dividends |  | $ | 1.20 |  |  | $ | 36 |  |  | $ | 85 |  |  | $ | 121 |
|  |  |  |  |  | Special Dividends Paid (in millions)
Related Period |  | Date Paid |  | Special Dividends Per Share |  | Public Stockholders |  | IEP |  | Total
2023 - 2nd Quarter |  | August 21, 2023 |  | $ | 1.00 |  |  | $ | 29 |  |  | $ | 71 |  |  | $ | 101 |
2023 - 3rd Quarter |  | November 20, 2023 |  | 1.50 |  |  | 51 |  |  | 100 |  |  | 151 |
Total 2023 special dividends |  | $ | 2.50 |  |  | $ | 80 |  |  | $ | 171 |  |  | $ | 251 |
2022 - 2nd Quarter |  | August 22, 2022 |  | $ | 2.60 |  |  | $ | 76 |  |  | $ | 185 |  |  | $ | 261 |
2022 - 3rd Quarter |  | November 21, 2022 |  | 1.00 |  |  | 29 |  |  | 71 |  |  | 101 |
Total 2022 special dividends |  | $ | 3.60 |  |  | $ | 106 |  |  | $ | 256 |  |  | $ | 362 |
Summary of Distributions Paid | The following tables present quarterly distributions paid by CVR Partners to CVR Partners’ unitholders, including amounts received by the Company, during 2024, 2023, and 2022 (amounts presented in tables below may not add to totals presented due to rounding):
|  |  |  |  |  | Quarterly Distributions Paid (in millions)
Related Period |  | Date Paid |  | Quarterly Distributions Per Common Unit |  | Public Unitholders |  | CVR Energy |  | Total
2023 - 4th Quarter |  | March 11, 2024 |  | $ | 1.68 |  |  | $ | 11 |  |  | $ | 7 |  |  | $ | 18 |
2024 - 1st Quarter |  | May 20, 2024 |  | 1.92 |  |  | 13 |  |  | 7 |  |  | 20 |
2024 - 2nd Quarter |  | August 19, 2024 |  | 1.90 |  |  | 13 |  |  | 7 |  |  | 20 |
2024 - 3rd Quarter |  | November 18, 2024 |  | 1.19 |  |  | 7 |  |  | 5 |  |  | 13 |
Total 2024 quarterly distributions |  | $ | 6.69 |  |  | $ | 44 |  |  | $ | 26 |  |  | $ | 71 |
2022 - 4th Quarter |  | March 13, 2023 |  | $ | 10.50 |  |  | $ | 70 |  |  | $ | 41 |  |  | $ | 111 |
2023 - 1st Quarter |  | May 22, 2023 |  | 10.43 |  |  | 70 |  |  | 41 |  |  | 110 |
2023 - 2nd Quarter |  | August 21, 2023 |  | 4.14 |  |  | 28 |  |  | 16 |  |  | 44 |
2023 - 3rd Quarter |  | November 20, 2023 |  | 1.55 |  |  | 10 |  |  | 6 |  |  | 16 |
Total 2023 quarterly distributions |  | $ | 26.62 |  |  | $ | 178 |  |  | $ | 104 |  |  | $ | 281 |
|  |  |  |  |  | Quarterly Distributions Paid (in millions)
Related Period |  | Date Paid |  | Quarterly Distributions Per Common Unit |  | Public Unitholders |  | CVR Energy |  | Total
2021 - 4th Quarter |  | March 14, 2022 |  | $ | 5.24 |  |  | $ | 36 |  |  | $ | 20 |  |  | $ | 56 |
2022 - 1st Quarter |  | May 23, 2022 |  | 2.26 |  |  | 15 |  |  | 9 |  |  | 24 |
2022 - 2nd Quarter |  | August 22, 2022 |  | 10.05 |  |  | 67 |  |  | 39 |  |  | 106 |
2022 - 3rd Quarter |  | November 21, 2022 |  | 1.77 |  |  | 12 |  |  | 7 |  |  | 19 |
Total 2022 quarterly distributions |  | $ | 19.32 |  |  | $ | 129 |  |  | $ | 75 |  |  | $ | 205 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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