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HF Sinclair Corporation - DINO STOCK NEWS

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.

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HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) announced that $880,229,000 in aggregate principal amount of outstanding HEP Notes have been validly tendered and not withdrawn in connection with private exchange offers and related consent solicitations. The Early Participation Exchange Consideration for each $1,000 principal amount of such HEP Notes is to be paid in cash and HF Sinclair's Senior Notes due 2027 and 2028. The deadline for tendering HEP Notes has been extended to the Expiration Date.
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HF Sinclair Corporation reported net income of $790.9 million for Q3 2023, compared to $954.4 million in Q3 2022. Adjusted net income was $760.4 million. The company returned $669.2 million to stockholders through dividends and share repurchases. Refining segment income decreased by 32%, while the renewables segment reported a profit of $3.1 million compared to a loss of $49.3 million in the previous year.
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Holly Energy Partners, L.P. (HEP) reported net income of $63.0 million ($0.50 per unit) for Q3 2023, compared to $42.0 million ($0.33 per unit) for Q3 2022. Quarterly distribution declared at $0.35 per unit. Revenues for Q3 2023 were $158.4 million, an increase of $9.4 million compared to Q3 2022.
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HF Sinclair Corporation and Holly Energy Partners have announced the commencement of private offers to exchange notes previously issued by HEP and Finance Corp. HF Sinclair will issue new notes in exchange for the HEP Notes. The Exchange Offers are subject to certain conditions and will expire on November 29, 2023. Eligible Holders who tender their HEP Notes by November 13, 2023, will receive greater consideration. The Proposed Amendments to the HEP Indentures will become effective if participation in the Exchange Offer exceeds 50% of the outstanding principal amount of each series of HEP Notes.
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HF Sinclair Corporation and Holly Energy Partners have announced the commencement of private exchange offers for notes previously issued by HEP and Finance Corp. HF Sinclair is offering new notes in exchange for HEP Notes. The exchange offers are subject to certain conditions and the New Notes will have the same terms as the corresponding HEP Notes. The exchange offers expire on November 29, 2023.
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Holly Energy Partners declares cash distribution of $0.35 per common unit for Q3 2023
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HF Sinclair Corporation and Holly Energy Partners, L.P. to announce Q3 2023 results on November 2, 2023
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Holly Energy Partners and HF Sinclair Corporation will announce their Q3 2023 results on November 2, 2023. A joint webcast conference will be held to discuss financial results.
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Sinclair Oil announces second-year initiative supporting Folds of Honor, aiming to raise $1 million in 31 days. Participating retail locations will donate a portion of fuel proceeds and Sinclair will donate $3 for every new DINOPAY® app account. Customers can donate their 10 cents per gallon fuel discount. Funds raised will support veteran and first responder families.
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HF Sinclair Corporation (NYSE: DINO) has authorized a $1 billion share repurchase program, replacing all existing authorizations. The prior program had $5 million remaining. Repurchases may be made in the open market or through privately negotiated transactions. The timing and amount of repurchases will depend on various factors. The CEO stated that this program reflects the company's commitment to returning excess free cash flow to shareholders.
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FAQ

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

The current stock price of HF Sinclair Corporation (DINO) is $33.76 as of December 20, 2024.

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

The market cap of HF Sinclair Corporation (DINO) is approximately 6.4B.

What does HF Sinclair Corporation do?

HF Sinclair is an integrated petroleum refiner that operates seven refineries and produces renewable diesel. It also runs a marketing business and extensive pipeline network.

Where are HF Sinclair's refineries located?

The company's refineries are located in the Rockies, midcontinent, Southwest, and Pacific Northwest regions of the United States.

What is the crude oil throughput capacity of HF Sinclair's refineries?

The combined crude oil throughput capacity of HF Sinclair's refineries is 678,000 barrels per day.

How much renewable diesel does HF Sinclair produce annually?

HF Sinclair produces up to 380 million gallons of renewable diesel annually.

How extensive is HF Sinclair's marketing network?

The company has over 300 distributors and 1,500 wholesale branded sites across 30 states.

What is the length of HF Sinclair's pipeline network?

HF Sinclair's pipeline network spans approximately 4,400 miles.

Where are HF Sinclair's pipelines primarily located?

The pipelines are principally located in the southwestern United States.

What recent achievements has HF Sinclair made?

Recent achievements include advancements in renewable diesel production and forming strategic partnerships to enhance its market position.

How is HF Sinclair performing financially?

HF Sinclair demonstrates strong financial performance, consistently delivering value to its stakeholders.

What is HF Sinclair's commitment to sustainability?

HF Sinclair is committed to sustainable energy solutions, notably through its significant production of renewable diesel.

HF Sinclair Corporation

NYSE:DINO

DINO Rankings

DINO Stock Data

6.43B
171.26M
8.96%
82.73%
3.41%
Oil & Gas Refining & Marketing
Pipe Lines (no Natural Gas)
Link
United States of America
DALLAS