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Related Party Transactions (Tables)

12 Months Ended

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 payment of cash or stock made to limited partner of limited partnership (LP).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

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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.

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