Citgo’s Going-Concern Value Approximately $5.78bn

(Energy Analytics Institute, 3.Feb.2021) — Houston-based refiner Citgo Petroleum’s going-concern value is approximately $5.78 billion, according to a recent analysis by Fitch Ratings.

The value is based on estimated EBITDA of $1.16bn and an Enterprise Value multiple of 5.0x, Fitch announced 3 February 2021 in a Citgo update.

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By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.