XML 88 R37.htm IDEA: XBRL DOCUMENT
v3.25.3

Related Party Transactions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Related Party Transactions [Abstract] |
Schedule of Expenses from Related Parties | Activity associated with the Company’s related party arrangements for the three and nine months ended September 30, 2025 and 2024 is summarized below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Sales to related parties: |  |  |  |  |  |  |
CVRP JV CO Contract (1) | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 2 |
Purchases from related parties: |  |  |  |  |  |  |
Enable Joint Venture Transportation Agreement | 3 |  |  | 3 |  |  | 10 |  |  | 9 |
Midway Joint Venture Agreement (2) | — |  |  | 6 |  |  | — |  |  | 20 |
Payments: |  |  |  |  |  |  |
Dividends (3) | — |  |  | 33 |  |  | — |  |  | 100 |
(1)Sales to related parties, included in Net sales in our Condensed Consolidated Statements of Operations, consists of carbon oxide sales to a CVRP JV subsidiary. (2)Purchases from related parties, included in Cost of materials and other in our Condensed Consolidated Statements of Operations, represent reimbursements for crude oil transportation services incurred on the crude oil pipeline connecting the refinery in Coffeyville, Kansas and the Cushing, Oklahoma oil hub (the “Midway Pipeline”) through Gunvor as the intermediary purchasing agent. On December 23, 2024, the Company sold the 50% limited liability company interest it owned in the Midway Pipeline. (3)See below for a summary of the dividends paid to IEP during the nine months ended September 30, 2025 and year ended December 31, 2024.
Schedule of Dividends Paid | The following table presents quarterly dividends paid to the Company’s stockholders, including IEP, during 2024 (amounts presented in the 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 |
Schedule of Distributions Paid | The following tables present quarterly distributions paid by CVR Partners to CVR Partners’ unitholders, including amounts received by the Company and IEP, during 2025 and 2024 (amounts presented in the tables below may not add to totals presented due to rounding):
|  |  |  | Quarterly Distributions Per Common Unit |  | Quarterly Distributions Paid (in millions)
Related Period |  | Date Paid |  |  | Public Unitholders |  | IEP |  | CVR Energy |  | Total
2024 - 4th Quarter |  | March 10, 2025 |  | $ | 1.75 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 18 |
2025 - 1st Quarter |  | May 19, 2025 |  | 2.26 |  |  | 14 |  |  | 1 |  |  | 9 |  |  | 24 |
2025 - 2nd Quarter |  | August 18, 2025 |  | 3.89 |  |  | 25 |  |  | 1 |  |  | 15 |  |  | 41 |
Total 2025 quarterly distributions |  | $ | 7.90 |  |  | $ | 51 |  |  | $ | 2 |  |  | $ | 31 |  |  | $ | 83 |
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 |

X
- 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 + Details
Name: | us-gaap_DistributionsMadeToLimitedPartnerByDistributionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration