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Long-Term Debt and Finance Lease Obligations | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Long-Term Debt and Finance Lease Obligations | (7) Long-Term Debt and Finance Lease Obligations Long-term debt and finance lease obligations consisted of the following:
(in millions) | September 30, 2025 |  | December 31, 2024
CVR Energy: |  |  |
8.50% Senior Notes, due January 2029 | $ | 600 |  |  | $ | 600 |
5.75% Senior Notes, due February 2028 | 400 |  |  | 400 |
Finance lease obligations, net of current portion | 2 |  |  | — |
Unamortized debt issuance costs | (3) |  |  | (4) |
Total CVR Energy debt | 999 |  |  | 996 |
Petroleum Segment: |  |  |
Term loan | 229 |  |  | 322 |
Finance lease obligations, net of current portion | 35 |  |  | 29 |
Unamortized debt discount and debt issuance costs | (5) |  |  | (8) |
Total Petroleum Segment finance lease obligations, net of current portion | 259 |  |  | 343 |
Nitrogen Fertilizer Segment: |  |  |
6.125% Senior Secured Notes, due June 2028 | 550 |  |  | 550 |
Finance lease obligations, net of current portion | 21 |  |  | 20 |
Unamortized debt issuance costs | (2) |  |  | (2) |
Total Nitrogen Fertilizer Segment debt and finance lease obligations, net of current portion | 569 |  |  | 568 |
Total long-term debt and finance lease obligations, net of current portion | 1,827 |  |  | 1,907 |
Current portion of long-term debt and finance lease obligations | 14 |  |  | 12 |
Total long-term debt and finance lease obligations, including current portion | $ | 1,841 |  |  | $ | 1,919 |
Credit Agreements
(in millions) | Total Available Borrowing Capacity |  | Amount Borrowed as of September 30, 2025 |  | Outstanding Letters of Credit |  | Available Capacity as of September 30, 2025 |  | Maturity Date
Petroleum Segment |  |  |  |  |  |  |  |  |
CVR Energy’s Amended and Restated ABL Credit Agreement (“CVR Energy ABL”) | $ | 341 |  |  | $ | — |  |  | $ | 25 |  |  | $ | 316 |  |  | June 30, 2027
Nitrogen Fertilizer Segment: |  |  |  |  |  |  |  |  |
CVR Partners’ Credit Agreement (“CVR Partners ABL”) | $ | 50 |  |  | $ | — |  |  | $ | — |  |  | $ | 50 |  |  | September 26, 2028
Petroleum Segment Term Loan - On June 30, 2025, certain of the Company’s subsidiaries (the “Term Loan Borrowers”) prepaid $70 million in principal of the senior secured term loan facility (the “Term Loan”), in addition to required principal and interest payments as set forth in the Term Loan. Further, on July 25, 2025, the Term Loan Borrowers prepaid an additional $20 million in principal of the Term Loan, plus any accrued and unpaid interest to the redemption date. As a result of these transactions, the Company recognized in Interest expense, net a loss on extinguishment of debt of approximately $1 million and less than $1 million in the second and third quarter of 2025, respectively, related to the write-off of unamortized discount and deferred financing costs. Covenant Compliance The Company and its subsidiaries were in compliance with all covenants under their respective debt instruments as of September 30, 2025.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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