CVR Energy Gets a Reprieve From Its Cash Woes and a New CEO

CVR Energy (NYSE: CVI) has been in a tenuous position lately. The company's operating subsidiaries haven't performed well, and it has forced the company to pay investors dividends by burning through its cash pile. This past quarter, though, its refining subsidiary CVR Refining (NYSE: CVRR) benefited from an uptick in the refining market to pay a rather sizable distribution to its shareholders.

What is potentially an even more significant story, though, is the announcement of CVR Energy's longtime CEO stepping down and the man selected to replace him. Let's take a look at the company's most recent financial result and what a changing of the guard could mean at CVR Energy.

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Source: Fool.com