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.
HF Sinclair Corporation (NYSE: DINO) reported a strong second quarter with net income of $1,221.3 million, or $5.43 per diluted share, significantly up from $168.9 million in Q2 2021. Adjusted net income reached $1,258.5 million with an EBITDA of $1,805.9 million. The company returned $200.6 million to shareholders through dividends and share repurchases and announced a quarterly dividend of $0.40 per share, payable on September 1, 2022. Strong performance in refining and marketing segments contributed to these results, despite some losses in renewable operations.
HF Sinclair Corporation (NYSE:DINO) appointed Rhoman J. Hardy to its Board of Directors effective July 2, 2022. This decision expands the Board to twelve directors, with ten being independent. Mr. Hardy brings over 34 years of experience in the oil and gas industry, having held key positions at Shell USA, including Senior VP for Shell Chemicals and Products. His expertise in energy infrastructure and management is expected to contribute positively to HF Sinclair's corporate governance.
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) are set to announce their financial results for the quarter ending June 30, 2022, on August 8, 2022, prior to market opening. A joint webcast conference will take place at 8:30 a.m. Eastern time to discuss these results. HF Sinclair is an independent energy company with operations in multiple states, focusing on high-value light products including gasoline and renewable diesel. HEP provides transportation and storage services to the petroleum industry.
Holly Energy Partners, L.P. (NYSE: HEP) and HF Sinclair Corporation (NYSE: DINO) will announce their financial results for the quarter ending June 30, 2022, on August 8, 2022, before NYSE trading begins. A joint webcast conference is scheduled for the same day at 8:30 a.m. Eastern time to discuss these results. The webcast can be accessed through a specified link until August 22, 2022. HEP provides transportation, terminaling, and storage services to the petroleum industry, while HF Sinclair produces and markets various light products.
HF Sinclair Corporation (NYSE:DINO) reported a strong first quarter for 2022 with a net income of $160.0 million ($0.90 per diluted share) and adjusted net income of $175.6 million ($0.99 per diluted share). Gross margin increased by 59% to $12.69 per barrel. The company reinstated its quarterly dividend at $0.40 per share, up from $0.35 in Q1 2021, payable on June 2, 2022. The acquisition of Sinclair companies is complete, enhancing operational capacity in renewable diesel production. EBITDA for the quarter reached $359.8 million, reflecting robust refining and lubricants performance.
HF Sinclair Corporation (NYSE: DINO) announced the expiration and final results of its Exchange Offers and Consent Solicitations for HollyFrontier Corporation (HFC) Notes. The offers included the exchange of outstanding HFC Notes for new notes and cash, which expired on April 22, 2022. The total principal amount tendered was $1.41 billion across three series, with participation rates of 82.96% for 2023 Notes, 79.71% for 2026 Notes, and 81.26% for 2030 Notes. Eligible Holders will receive $1,000 principal amount of New Notes and $1.00 in cash for each $1,000 of HFC Notes tendered.
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) will announce their financial results for the quarter ending March 31, 2022, on May 9, 2022, before NYSE trading begins. A joint webcast conference is scheduled for the same day at 8:30 a.m. Eastern Time to discuss these results. HF Sinclair, based in Dallas, Texas, is engaged in the production and marketing of gasoline, diesel fuel, and renewable diesel, while HEP focuses on petroleum product transportation and storage services.
Holly Energy Partners, L.P. (NYSE: HEP) and HF Sinclair Corporation (NYSE: DINO) will announce their quarterly results for the period ending March 31, 2022, on May 9, 2022, before NYSE trading opens. A joint webcast is scheduled for the same day at 8:30 a.m. Eastern Time to discuss these financial results. The webcast will be accessible via a provided link, with an audio archive available until May 23, 2022. Both companies are engaged in petroleum product and crude oil services, serving a variety of markets across several U.S. states.
HF Sinclair Corporation (NYSE: DINO) and HollyFrontier Corporation (HFC) announced that as of April 6, 2022, $1,387,969,000 in HFC Notes, representing approximately 79.31% of the total outstanding principal, were validly tendered in their private exchange offers. Eligible holders will receive an Early Participation Exchange Consideration of $1,000 principal amount of new notes issued by the Company, plus $1.00 in cash. The deadline for tendering HFC Notes has been extended to April 22, 2022. The expected settlement date is on or around April 27, 2022.
HF Sinclair Corporation (NYSE: DINO) and HollyFrontier Corporation announced private offers to exchange existing HFC Notes, providing Eligible Holders with options for new HF Sinclair Notes. The offers include early participation consideration with a cash incentive. The deadline for early participation is April 6, 2022, and the final expiration date is April 22, 2022. Eligible Holders who participate before the early deadline can receive better exchange terms. The exchange will include proposed amendments to the HFC Indenture, which may alter covenants and default events.
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