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 (NYSE: DINO) is a leading integrated energy company specializing in petroleum refining, renewable diesel production, and logistics infrastructure. This page provides investors and industry professionals with a comprehensive collection of official press releases and verified news updates.
Access timely information on earnings reports, operational developments, sustainability initiatives, and strategic partnerships. Our curated feed ensures you stay informed about DINO's refining capacity expansions, renewable energy projects, and market positioning within the evolving energy sector.
Key updates include refinery operations, pipeline management advancements, wholesale distribution network changes, and regulatory compliance milestones. Bookmark this page for direct access to primary source materials that drive informed analysis of DINO's performance in conventional and renewable energy markets.
HF Sinclair (NYSE: DINO) reported Q2 2024 results with net income of $151.8 million ($0.79 per diluted share) and adjusted net income of $149.3 million ($0.78 per diluted share). The company's EBITDA was $408.0 million, with Adjusted EBITDA at $405.8 million. HF Sinclair returned $467.1 million to stockholders through dividends and share repurchases in Q2.
Key highlights include:
- Refining segment income: $64.7 million
- Renewables segment loss: $(14.5) million
- Marketing segment income: $9.1 million
- Lubricants & Specialties segment income: $74.3 million
- Midstream segment income: $96.5 million
The company announced a regular quarterly dividend of $0.50 per share, payable on September 5, 2024.
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.
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.
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.
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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