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CITGO Reports First Quarter 2021 Results News provided by Share this article Share this article HOUSTON, May 21, 2021 /PRNewswire/  CITGO Petroleum Corporation ( CITGO ) today reported its first quarter 2021 performance results, including a net loss of $180 million, an EBITDA loss of $(21) million and Adjusted EBITDA 1 of $10 million. The quarter marked the first positive quarterly Adjusted EBITDA for CITGO since the full onset of the coronavirus pandemic. The company s overall quarterly performance was affected primarily by its February results, which were negatively impacted by the effects of Winter Storm Uri and accounted for approximately two-thirds of the total net loss for the quarter. The storm disrupted approximately six million barrels of industry refining capacity, which included a forced, complete shutdown of the Corpus Christi refinery for approximately two weeks. As a result, CITGO incurred approximately $21 million in repair costs during the quarter. We estimat

United statesCorpus christiSteven scarpinoLuisa palaciosJoser pocaterraCarlos jordUs environmental protection agencyPetroleum corporation board of directorsPetroleum corporationPetroleum board of directorsHolding incAudit committee of the board directorsWinter storm uriProtection agencyCorporation boardChief compliance