CVR Refining Q1 Profit Down

(RTTNews) - CVR Refining, LP (CVRR), a refiner and marketer of petroleum fuels, Thursday posted a decline in first-quarter net income to $265.4 million or $1.80 per unit from $275.4 million or $1.34 per unit in the year-ago quarter.

On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.90 for the quarter Analysts' estimates typically exclude one-time items.

Net sales for the period were slightly up at $2.37 billion from $2.27 billion in the same period last year. Analysts estimated revenues of $2.07 billion for the quarter.

Looking ahead, the company sees total crude throughput of 190,000 bpd to 205,000 bpd for the second quarter of 2014.