- CVR Refining (CVRR) -4.3% premarket after updating its FY 2013 distribution outlook to $4.10-$4.80/unit.
- The updated outlook is primarily due to the decrease in the Group 3 2-1-1 crack spread, increased RINs expense, and an expected Q3 shutdown of the fluid catalytic cracking unit at its Coffeyville refinery.
- Sees upside guidance for Q2 revenues: $2.13B-$2.145B vs. $2.1B consensus.
- CVR Partners (UAN) updates FY 2013 distribution outlook to $1.80-$2.00/unit.
at CNBC.com (Oct 29, 2014)