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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.

Rhea-AI Summary
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) have entered into a definitive merger agreement for HF Sinclair to acquire all outstanding common units of HEP not owned by HF Sinclair or its affiliates. The consideration for the merger will be a combination of HF Sinclair common stock at a fixed exchange ratio of 0.315 and $4.00 in cash per each publicly held HEP common unit. The transaction is expected to close in the fourth quarter of 2023.
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Holly Energy Partners, L.P. (HEP) reported net income of $50.2 million ($0.40 per unit) for Q2 2023, compared to $56.8 million ($0.45 per unit) in Q2 2022. Distributable cash flow was $73.3 million, a decrease of 6.6% YoY. HEP declared a quarterly cash distribution of $0.35 per unit. Revenues for Q2 2023 were $139.8 million, an increase of $4.0 million YoY.
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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