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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 (NYSE: DINO) has appointed Eric L. Nitcher as Executive Vice President, General Counsel, effective July 10, 2024. Nitcher brings over 35 years of legal experience in the oil and gas industry, having previously served as Group General Counsel & Executive Vice President, Legal at BP p.l.c. from January 2017 until his retirement in December 2023. His extensive background includes managing global legal teams and handling complex legal matters such as litigation, regulatory compliance, M&A transactions, and international joint ventures. CEO Tim Go expressed confidence in Nitcher's ability to contribute to HF Sinclair's growth and future positioning.

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HF Sinclair (NYSE: DINO) will announce its second quarter 2024 financial results on August 1, 2024, ahead of the NYSE market opening. A webcast conference is scheduled for the same day at 9:30 a.m. Eastern time to discuss the company's performance. The webcast can be accessed through a provided link and will be available for replay until August 15, 2024.

HF Sinclair, headquartered in Dallas, is an independent energy company producing gasoline, diesel, jet fuel, and renewable diesel. It operates refineries in Kansas, Oklahoma, New Mexico, Wyoming, Washington, and Utah, providing refined products mainly across the Southwest U.S., Rocky Mountains, and neighboring Plains states.

The company also supplies fuels to over 1,500 branded stations and licenses the Sinclair brand at over 300 additional locations. HF Sinclair produces renewable diesel in Wyoming and New Mexico and markets base oils and specialized lubricants in the U.S., Canada, the Netherlands, and over 80 other countries.

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Sinclair Oil, a brand of HF Sinclair (NYSE:DINO), announced its first DINO Day promotion to be held on June 1, coinciding with National Dinosaur Day. Customers at participating Sinclair stations in Boise, Kansas City, Tulsa, and Utah can save up to 30 cents per gallon on DINOCARE® premium gasoline by using the DINOPAY® mobile app. The event will also feature giveaways, on-site radio broadcasts, and appearances by the DINO mascot.

HF Sinclair operates refineries and markets high-value light products and renewable diesel in the U.S. and globally. The company supplies fuel to over 1,500 branded stations and licenses the Sinclair brand at more than 300 additional locations.

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HF Sinclair (NYSE: DINO) reported net income of $314.7 million for Q1 2024, with adjusted net income at $142.3 million. The company returned $269 million to shareholders and authorized a $1.0 billion share repurchase program. A regular quarterly dividend of $0.50 per share was announced. The refining segment income decreased, while the renewables segment reported a loss. Marketing segment income increased, and the midstream segment saw higher revenues. Cash provided by operations was $316.9 million, with cash and cash equivalents at $1,240.9 million. The company's consolidated debt stood at $2,678.6 million.

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HF Sinclair (NYSE: DINO) to announce Q1 2024 results on May 8, 2024. Webcast scheduled to discuss financial results.
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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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FAQ

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

9.26B
192.16M
8.7%
81.55%
4.31%
Petroleum Refineries
Manufacturing
Link
United States of America
DALLAS