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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) 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 (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
171.26M
8.97%
81.5%
4.62%
Oil & Gas Refining & Marketing
Pipe Lines (no Natural Gas)
Link
United States
DALLAS