HF Sinclair Corp Stock Price, News & Analysis

HF Sinclair (NYSE: DINO) announced early results of its cash tender offer for outstanding notes. The company expects to accept for payment $150 million of the 2027 Notes (41.5% proration factor), $448.09 million of one series of 5.875% Senior Notes due 2026, and $48.496 million of another series of 5.875% Senior Notes due 2026.

The early settlement date is set for January 28, 2025. The tender offer remains open until February 7, 2025. Holders tendering after the Early Tender Deadline won't receive the Early Tender Premium of $30 per $1,000 principal amount. The Total Tender Offer Consideration will be determined on January 24, 2025, based on U.S. Treasury Security yields plus fixed spread.

HF Sinclair (NYSE: DINO) has announced it will release its fourth quarter 2024 financial results on February 20, 2025, before NYSE trading opens. The company will host a webcast conference at 8:30 a.m. Eastern time on the same day to discuss the results.

HF Sinclair is a Dallas-based independent energy company that produces and markets light products including gasoline, diesel fuel, jet fuel, and renewable diesel. The company operates refineries across six states: Kansas, Oklahoma, New Mexico, Wyoming, Washington, and Utah. It supplies fuels to over 1,500 branded stations and licenses the Sinclair brand at more than 300 additional locations. The company produces renewable diesel at three facilities and, through its subsidiaries, manufactures base oils and specialized lubricants distributed in the U.S., Canada, and the Netherlands, with exports to over 80 countries.

HF Sinclair (NYSE: DINO) has announced an increase in its cash tender offer from $900 million to $1.05 billion for outstanding notes. The tender offer targets three series of senior notes with varying interest rates: 6.375% due 2027, and two sets of 5.875% notes due 2026.

The tender offer includes specific terms such as an Early Tender Premium of $30 per $1,000 principal amount and follows a priority-based acceptance system. The Early Tender Deadline is set for January 23, 2025, with an expected Early Settlement Date of January 28, 2025. The offer will expire on February 7, 2025, unless extended.

The tender offer is subject to various conditions, including securing sufficient funds from a concurrent public offering of senior debt securities. BofA Securities and Citigroup are serving as Lead Dealer Managers for the tender offer.

HF Sinclair (NYSE: DINO) has announced the pricing of a $1.4 billion senior notes offering, comprising $650 million of 5.750% Senior Notes due 2031 and $750 million of 6.250% Senior Notes due 2035. The notes are priced at 99.667% and 99.475% of principal amount, respectively.

The offering is expected to close on January 23, 2025. The proceeds will be used to repay $350 million in outstanding borrowings under Holly Energy Partners' revolving credit agreement, fund a tender offer of up to $1,050 million for existing notes, and general corporate purposes. Interest payments will be made semi-annually on January 15 and July 15, with the first payment due July 15, 2025.

The offering is being conducted through multiple joint book-running managers including BofA Securities, MUFG, SMBC Nikko, and Wells Fargo Securities, among others.

HF Sinclair (NYSE: DINO) has announced a cash tender offer to purchase up to $900.0 million aggregate purchase price of outstanding notes. The tender offer includes three series of notes: 6.375% Senior Notes due 2027 (with a $150 million tender cap) and two series of 5.875% Senior Notes due 2026.

The tender offer expires on February 7, 2025, with an Early Tender Deadline of January 23, 2025. Holders who tender before the Early Tender Deadline will receive the Total Tender Offer Consideration, including a $30 per $1,000 Early Tender Premium. The Early Settlement Date is expected to be January 28, 2025.

The tender offer is subject to conditions, including the receipt of sufficient proceeds from a concurrent public offering of senior debt securities. Notes will be purchased according to acceptance priority levels, with higher priority levels being accepted first, subject to the Maximum Aggregate Purchase Price and tender caps.

Sinclair Oil, an HF Sinclair (NYSE: DINO) brand, announces the return of its iconic DINO balloon to the 2024 Macy's Thanksgiving Day Parade®. Making its third consecutive appearance, the impressive 68-foot-long balloon features two dinosaurs - a main DINO with a smaller look-alike on its back, measuring 49 feet tall and 26 feet wide. The parade will be broadcast nationwide on NBC and streamed on Peacock on Thursday, November 28, 2024, from 8:30 a.m. to noon across all time zones.

Sinclair Oil, part of HF Sinclair (NYSE: DINO), has announced its renewed partnership with Folds of Honor for Fall 2024. The Fueling Folds of Honor program, running from November 11 to December 31, will see a portion of fuel sales at participating Sinclair-branded stations donated to the nonprofit, which provides scholarships to families of fallen or disabled service members and first responders. Sinclair Oil will match donations dollar for dollar, up to $500,000, aiming to raise $1 million. The program has raised significant funds in previous years, with $820,000 in 2022 and $635,000 in 2023. Additionally, Folds of Honor merchandise will be sold at these stations, and customers can join the cause by becoming monthly donors. This initiative aligns with Sinclair's commitment to support communities where veterans reside.

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.