CVR Refining, LP Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2018; Provides Capital Expenditure Guidance for the Full Year of 2018; Provides Operating and Capital Expenditure Guidance for the Second Quarter of 2018
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.