CVR Refining, LP (CVRR: Quote), a refiner and marketer of petroleum fuels, announced lower fourth-quarter 2012 net income of $54.6 million, compared with $77.5 million last year.
Adjusted EBITDA, a non-GAAP measure, amounted to $196.2 million for the recent quarter. Operating income was $120.4 million this quarter, versus a loss of $11.8 million in the same quarter of 2011.
On the other hand, quarterly net sales totaled $1.82 billion, up from $979.5 million in the 2011 fourth quarter.
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by RTT Staff Writer
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