Welcome to our dedicated page for HF Sinclair Corporation news (Ticker: DINO), a resource for investors and traders seeking the latest updates and insights on HF Sinclair Corporation stock.
HF Sinclair Corporation (symbol: DINO) is a prominent integrated petroleum refiner headquartered in the United States. The company manages and operates seven strategically located refineries across the Rockies, midcontinent, Southwest, and Pacific Northwest regions. These facilities boast a combined crude oil throughput capacity of an impressive 678,000 barrels per day, underscoring HF Sinclair's substantial role in the petroleum industry.
In addition to its refining capabilities, HF Sinclair excels in producing renewable energy. The company can generate up to 380 million gallons of renewable diesel annually, reflecting its commitment to sustainable energy solutions and reducing carbon footprints.
HF Sinclair's marketing arm is vast, encompassing over 300 distributors and 1,500 wholesale branded sites spread across 30 states. Such an extensive reach ensures the widespread availability of its refined petroleum products, thereby meeting diverse customer needs consistently.
The company also prides itself on its extensive logistics network. It owns and operates approximately 4,400 miles of petroleum product pipelines and terminals, primarily located in the southwestern United States. This network plays a crucial role in ensuring the efficient and safe transportation of petroleum products, further reinforcing HF Sinclair's operational capabilities.
HF Sinclair continues to innovate and expand its operations. Recent achievements include advancements in renewable diesel production and strategic partnerships aimed at enhancing its position in the energy market. Financially, the company remains robust, demonstrating strong performance metrics and a commitment to delivering value to its stakeholders.
HF Sinclair (NYSE: DINO) reported a Q3 2024 net loss of $(75.9) million, or $(0.40) per diluted share, compared to net income of $790.9 million in Q3 2023. Adjusted net income was $96.5 million, or $0.51 per diluted share. The company returned $221.8 million to stockholders through dividends and share repurchases. The refining segment saw decreased performance with adjusted EBITDA of $110.0 million, down from $1,007.4 million year-over-year, mainly due to lower refinery gross margins. The company maintained strong liquidity with $1,229.5 million in cash and announced a regular quarterly dividend of $0.50 per share.
HF Sinclair (NYSE: DINO) has announced plans to release its third quarter 2024 earnings on October 31, 2024, before the NYSE opens. The company will host a webcast conference at 9:30 a.m. Eastern time on the same day to discuss financial results. Investors can access the webcast at https://events.q4inc.com/attendee/465594914, with an audio archive available until November 14, 2024.
HF Sinclair, headquartered in Dallas, Texas, is an independent energy company producing and marketing high-value light products such as gasoline, diesel fuel, jet fuel, and renewable diesel. The company operates refineries in six states and provides petroleum product services. It markets refined products primarily in the Southwest U.S., Rocky Mountains, and neighboring Plains states, supplying fuels to over 1,500 branded stations.
HF Sinclair (NYSE: DINO) reported Q2 2024 results with net income of $151.8 million ($0.79 per diluted share) and adjusted net income of $149.3 million ($0.78 per diluted share). The company's EBITDA was $408.0 million, with Adjusted EBITDA at $405.8 million. HF Sinclair returned $467.1 million to stockholders through dividends and share repurchases in Q2.
Key highlights include:
- Refining segment income: $64.7 million
- Renewables segment loss: $(14.5) million
- Marketing segment income: $9.1 million
- Lubricants & Specialties segment income: $74.3 million
- Midstream segment income: $96.5 million
The company announced a regular quarterly dividend of $0.50 per share, payable on September 5, 2024.
HF Sinclair (NYSE: DINO) has appointed Eric L. Nitcher as Executive Vice President, General Counsel, effective July 10, 2024. Nitcher brings over 35 years of legal experience in the oil and gas industry, having previously served as Group General Counsel & Executive Vice President, Legal at BP p.l.c. from January 2017 until his retirement in December 2023. His extensive background includes managing global legal teams and handling complex legal matters such as litigation, regulatory compliance, M&A transactions, and international joint ventures. CEO Tim Go expressed confidence in Nitcher's ability to contribute to HF Sinclair's growth and future positioning.
HF Sinclair (NYSE: DINO) will announce its second quarter 2024 financial results on August 1, 2024, ahead of the NYSE market opening. A webcast conference is scheduled for the same day at 9:30 a.m. Eastern time to discuss the company's performance. The webcast can be accessed through a provided link and will be available for replay until August 15, 2024.
HF Sinclair, headquartered in Dallas, is an independent energy company producing gasoline, diesel, jet fuel, and renewable diesel. It operates refineries in Kansas, Oklahoma, New Mexico, Wyoming, Washington, and Utah, providing refined products mainly across the Southwest U.S., Rocky Mountains, and neighboring Plains states.
The company also supplies fuels to over 1,500 branded stations and licenses the Sinclair brand at over 300 additional locations. HF Sinclair produces renewable diesel in Wyoming and New Mexico and markets base oils and specialized lubricants in the U.S., Canada, the Netherlands, and over 80 other countries.
Sinclair Oil, a brand of HF Sinclair (NYSE:DINO), announced its first DINO Day promotion to be held on June 1, coinciding with National Dinosaur Day. Customers at participating Sinclair stations in Boise, Kansas City, Tulsa, and Utah can save up to 30 cents per gallon on DINOCARE® premium gasoline by using the DINOPAY® mobile app. The event will also feature giveaways, on-site radio broadcasts, and appearances by the DINO mascot.
HF Sinclair operates refineries and markets high-value light products and renewable diesel in the U.S. and globally. The company supplies fuel to over 1,500 branded stations and licenses the Sinclair brand at more than 300 additional locations.
HF Sinclair (NYSE: DINO) reported net income of $314.7 million for Q1 2024, with adjusted net income at $142.3 million. The company returned $269 million to shareholders and authorized a $1.0 billion share repurchase program. A regular quarterly dividend of $0.50 per share was announced. The refining segment income decreased, while the renewables segment reported a loss. Marketing segment income increased, and the midstream segment saw higher revenues. Cash provided by operations was $316.9 million, with cash and cash equivalents at $1,240.9 million. The company's consolidated debt stood at $2,678.6 million.
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