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.
HF Sinclair Corporation reports news about an independent energy company that produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, lubricants and specialty products. The company owns and operates refineries in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah, provides petroleum product and crude oil transportation, terminalling, storage and throughput services, and sells refined products across the Southwest, Rocky Mountains, Pacific Northwest and neighboring Plains states.
Recurring updates for DINO include operating and financial results, regular cash dividends, refining margins and segment performance, renewable diesel volumes, branded fuel marketing initiatives under the Sinclair brand, and governance or leadership developments. Company news also covers its base oils and specialized lubricants business in the U.S., Canada and the Netherlands, along with international product exports.
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.
HF Sinclair Corporation has been established as the new parent company of HollyFrontier and Holly Energy Partners, effective March 15, 2022. The company completed its acquisitions of Sinclair Oil Corporation and Sinclair Transportation Company. HF Sinclair boasts an expanded refining business with seven complex refineries, a growing renewables sector projected to produce 380 million gallons of renewable diesel annually, and a strong marketing presence across the U.S. HEP's integration enhances its earning power and is expected to increase cash returns to unitholders.