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Derivative Financial Instruments
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
(9) Derivative Financial Instruments
The following outlines the net notional buy (sell) position of our commodity derivative instruments held as of September 30, 2025 and December 31, 2024:
(in thousands of barrels)CommoditySeptember 30, 2025December 31, 2024
ForwardsCrude(209)(11)
Swaps
NYMEX Diesel Cracks (1)
(4,800)(63)
SwapsNYMEX RBOB Cracks(375)— 
FuturesCrude(50)— 
FuturesULSD(25)(80)
FuturesRBOB(15)— 
FuturesSoybean(79)79 
(1)As of September 30, 2025, the Company held offsetting NYMEX Diesel Crack commodity buy and sell positions of approximately 1.8 million barrels.
The following outlines the balances of our commodity derivative instruments after the effects of contract netting and allocation of collateral and their classifications on our Condensed Consolidated Balance Sheets. Refer to Note 10 (“Fair Value Measurements”) for the gross amounts of the commodity derivative instruments (before the effects of contract netting and allocation of collateral):
September 30, 2025December 31, 2024
(in millions)AssetsLiabilitiesAssetsLiabilities
Other current assets
$3 $— $4 $— 
Other current liabilities
— 6 — — 
The following table represents CVR Energy’s incurred realized and unrealized net gains from derivative activities, recorded in Cost of materials and other on the Condensed Consolidated Statements of Operations:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2025202420252024
Commodity derivative instruments$— $2 $19 $7 
CVR Energy has certain derivative instruments that contain credit risk-related contingent provisions associated with our credit ratings. If our credit rating were to be downgraded, it would allow the counterparty to require us to post collateral or to request immediate, full settlement of derivative instruments in liability positions. As of September 30, 2025, there were $6 million of derivative liabilities with credit risk-related contingent provisions, for which no collateral has been posted.