CVR Energy to buy St. Paul Park, Mandan refineries for $4.2 billion

Bitget2026/11/09 14:10

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

CVR Energy plans to acquire MPC's St. Paul Park and Mandan refining and marketing operations for about $4.2 billion.
The acquisition would increase crude processing capacity 86% to approximately 384,000 barrels per day across four refineries.
The acquired marketing network provides access to up to 590 branded locations across the Upper Midwest and Northern Great Plains.
Financing includes a $1.5 billion senior secured term loan B, $1 billion of other secured debt and $1.3 billion of equity.
Pro forma EBITDA totaled $1.91 billion for the year ended September 30, 2026, with total debt equivalent to 2 times EBITDA.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CVR Energy Inc. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

CVR Energy to buy St. Paul Park, Mandan refineries for $4.2 billion

You may also like

Crypto prices