CVR Refining, LP reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of $1,458.2 million against $1,423.5 million a year ago. Operating income was $97.2 million against $66.0 million a year ago. Income before income tax expense was $146.7 million against $67.0 million a year ago. Net income was $146.7 or 0.99 per basic and diluted share against 67.0 million 0.45 per basic and diluted share a year ago. Adjusted EBITDA was $125.7 million against $114.5 million a year ago. Net cash flow provided by operating activities $15.9 million against $116.1 million a year ago. Total capital expenditures were $16.0 million against $19.6 million a year ago. Of the total capital, approximately $12 million was related to environmental and maintenance.

For the quarter, the company's total refining throughput production 188,368 million barrels per day against 228,612 million barrels per day a year ago. Total refining production (excluding internally produced fuel) was 188,310 million barrels per day against 229,160 million barrels per day a year ago. Combined crude oil throughput was approximately 178,000 bpd against 214,000 bpd for the same period in 2017.

In 2018, the company estimates total capital spending to be approximately $130 million, of which $110 million is estimated to be environmental and maintenance.

The company estimates total crude throughput for the second quarter of 2018 to range between 205,000, 215,000 barrels a day.

The company expects capital spending to range between $20 million to $30 million for the second quarter of 2018.