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HF Sinclair Corp - DINO STOCK NEWS

Welcome to our dedicated page for HF Sinclair news (Ticker: DINO), a resource for investors and traders seeking the latest updates and insights on HF Sinclair stock.

Overview of HF Sinclair Corporation (NYSE: DINO)

HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company specializing in the production and marketing of high-value petroleum products, renewable fuels, and specialty lubricants. The company operates as an integrated petroleum refiner, leveraging a network of seven strategically located refineries across the United States, including regions such as the Rockies, Midcontinent, Southwest, and Pacific Northwest. With a combined crude oil throughput capacity of approximately 678,000 barrels per day, HF Sinclair plays a pivotal role in meeting the energy needs of its diverse customer base.

Core Business Operations

HF Sinclair's business model is centered around three main pillars: refining, renewable fuels, and logistics. The company's refining operations produce essential fuels such as gasoline, diesel, and jet fuel, alongside specialty products like lubricants and base oils. Notably, HF Sinclair has made significant strides in renewable energy, with the capacity to produce 380 million gallons of renewable diesel annually at its facilities in Wyoming and New Mexico. These efforts underscore the company's commitment to adapting to evolving energy demands while maintaining operational efficiency.

Logistics and Distribution Network

HF Sinclair's extensive logistics infrastructure is a key enabler of its operations. The company owns and operates over 4,400 miles of petroleum product pipelines and terminals, primarily located in the southwestern United States. This network supports the efficient transportation, storage, and distribution of refined products. Additionally, HF Sinclair's marketing business includes partnerships with more than 300 distributors and 1,500 wholesale branded sites across 30 states, further solidifying its presence in the U.S. energy market.

Market Position and Competitive Landscape

Operating within the highly competitive energy sector, HF Sinclair differentiates itself through its integrated operations and focus on renewable energy production. The company competes with other major refiners and renewable fuel producers, navigating challenges such as fluctuating crude oil prices, regulatory compliance, and the transition to sustainable energy sources. Its ability to produce both traditional and renewable fuels positions it as a versatile player capable of addressing diverse market needs.

Significance in the Energy Industry

HF Sinclair's blend of traditional refining expertise and forward-looking renewable energy initiatives highlights its importance within the energy industry. By combining a robust refining capacity with a growing focus on renewable diesel, the company aligns itself with global trends toward sustainability. Its extensive distribution network and strategic geographic presence enable it to efficiently serve a broad customer base while maintaining a competitive edge in a dynamic market environment.

Conclusion

HF Sinclair Corporation exemplifies a well-integrated energy company with a strong foothold in both traditional petroleum refining and renewable energy production. Its extensive infrastructure, diverse product portfolio, and strategic market positioning make it a key player in the U.S. energy landscape. By continuously adapting to industry trends and leveraging its operational strengths, HF Sinclair remains a significant contributor to the energy sector's evolution.

Rhea-AI Summary
HF Sinclair Corporation (NYSE:DINO) reported a net loss in Q4 2023 but showed strong full-year results. They returned over $1.3 billion to shareholders, increased quarterly dividend to $0.50 per share, and focused on maximizing shareholder value. The company highlighted their commitment to executing corporate strategy and improving reliability across their portfolio.
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HF Sinclair Corporation (NYSE:DINO) appoints Jeanne M. Johns as an independent director, increasing the Board size to thirteen. Ms. Johns brings extensive executive and international business experience from her tenure at BP plc and Incitec Pivot Ltd. Norman J. Szydlowski offers to resign from the Board.
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HF Sinclair Corporation (NYSE: DINO) announced an 11% increase in its quarterly dividend to $0.50 per share, up from $0.45 per share. The dividend will be paid on March 5, 2024, to holders of record on February 26, 2024, showcasing the company's commitment to shareholder value.
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Sinclair Oil's Fueling Folds of Honor campaign raised over $635,000 to provide educational scholarships for the families of fallen veterans and first responders. The campaign, which ran for four weeks in 30 states, involved a portion of fuel purchases and new DINOPAY® user sign-ups. More than 127 educational scholarships of $5,000 each will be awarded, with a total of $1.56 million raised for Folds of Honor so far.
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HF Sinclair Corporation (NYSE: DINO) plans to announce results for the quarter ending December 31, 2023 on February 21, 2024, before the opening of trading on the NYSE. A webcast conference is scheduled on February 21, 2024 at 8:30 a.m. Eastern time to discuss financial results. The webcast may be accessed at: https://events.q4inc.com/attendee/326631081. An audio archive of this webcast will be available using the above noted link through March 6, 2024.
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HF Sinclair Corporation (NYSE: DINO) has completed the acquisition of all outstanding common units of Holly Energy Partners, L.P. The merger involved a combination of 0.3150 of a share of HF Sinclair common stock and $4.00 in cash per HEP Common Unit. As a result, HEP Common Units will no longer be listed on the NYSE, and HEP will cease to be a publicly traded partnership.
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TortoiseEcofin announces the removal of Holly Energy Partners LP (HEP) from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) due to the approved acquisition by HF Sinclair Corp (DINO). HEP will be removed from the indices at market open on Friday, December 1, 2023, with a special rebalancing in TMLP triggered by the acquisition.
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HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) announced the expiration and final results of the Exchange Offers and Consent Solicitations. The Exchange Offers expired with 99.86% of HEP Notes tendered. Eligible Holders received $1,000 principal amount of New Notes and $1.00 in cash for each $1,000 principal amount of HEP Notes tendered.
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HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) announced the approval of the Agreement and Plan of Merger by HEP unitholders and HF Sinclair stockholders. The Merger involves the issuance of shares of common stock of HF Sinclair pursuant to the Merger Agreement. The expected closing date of the Merger is December 1, 2023.
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HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) announced that $880,229,000 in HEP Notes have been tendered and not withdrawn in connection with the private exchange offers and consent solicitations. The Early Participation Exchange Consideration for the 6.375% Senior Notes due 2027 is $1,000 principal amount of HF Sinclair’s 6.375% Senior Notes due 2027 and $1.00 in cash, and for the 5.000% Senior Notes due 2028 is $1,000 principal amount of HF Sinclair’s 5.000% Senior Notes due 2028 and $1.00 in cash.
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FAQ

What is the current stock price of HF Sinclair (DINO)?

The current stock price of HF Sinclair (DINO) is $33.07 as of March 3, 2025.

What is the market cap of HF Sinclair (DINO)?

The market cap of HF Sinclair (DINO) is approximately 6.5B.

What does HF Sinclair Corporation do?

HF Sinclair is an integrated energy company producing petroleum products, renewable fuels, and specialty lubricants, with operations spanning refining, logistics, and marketing.

Where are HF Sinclair's refineries located?

HF Sinclair operates seven refineries in regions such as the Rockies, Midcontinent, Southwest, and Pacific Northwest of the United States.

What is HF Sinclair's renewable diesel production capacity?

The company can produce approximately 380 million gallons of renewable diesel annually at its facilities in Wyoming and New Mexico.

How does HF Sinclair distribute its products?

HF Sinclair distributes its products through a network of over 4,400 miles of pipelines, terminals, 300 distributors, and 1,500 branded wholesale sites across 30 states.

What makes HF Sinclair competitive in the energy sector?

HF Sinclair's integrated operations, renewable fuel production, and extensive logistics network differentiate it in a competitive energy market.

What types of products does HF Sinclair produce?

HF Sinclair produces gasoline, diesel, jet fuel, renewable diesel, specialty lubricants, and base oils.

What is HF Sinclair's market focus?

The company primarily serves the Southwest U.S., Rocky Mountains, Pacific Northwest, and neighboring Plains states, supplying high-quality fuels and specialty products.

Does HF Sinclair operate internationally?

While its core operations are U.S.-focused, HF Sinclair exports specialty lubricants and base oils to over 80 countries.

What is HF Sinclair's role in renewable energy?

HF Sinclair is a significant producer of renewable diesel, aligning its operations with global trends toward sustainable energy solutions.
HF Sinclair Corp

NYSE:DINO

DINO Rankings

DINO Stock Data

6.47B
171.19M
8.97%
81.5%
4.62%
Oil & Gas Refining & Marketing
Pipe Lines (no Natural Gas)
Link
United States
DALLAS