CVR Energy Inc (CVI) Q4 2019 Earnings Call Transcript

CVR Energy Inc (CVI) Q4 2019 Earnings Call Transcript

We very much appreciate you joining us this afternoon for our CVR Energy fourth quarter 2019 earnings call.. With me today are Dave Lamp, our Chief Executive Officer; Tracy Jackson, our Chief Financial Officer; David Landreth, our Chief Commercial Officer and other members of management.. Prior to discussing our 2019 full year and fourth quarter results, let me remind you that this conference call may contain forward-looking statements, as that term is defined under federal securities laws.. Actual operations or results may differ materially from the results discussed in the forward-looking statements.. Our premium gasoline production approached 17,000 barrels per day in December, an increase of over 85% compared to our 2018 average.. The Board approved the Wynnewood Isomerization project, which we expect will further improve our capture rates.. Yesterday, we reported CVR Energy's full year and fourth quarter results.. For the full year of 2019, consolidated net income was $362 million and diluted earnings per share were $3.78.. Fourth quarter consolidated net income was $28 million and diluted earnings per share were $0.44.. Higher fertilizer sales and the sales volumes and prices drove improvement in the Fertilizer segment.. I'll speak to some of the fourth quarter highlights for each