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 Dallas, Texas-based independent energy company active in petroleum refining, renewable diesel, fuel marketing, lubricants and midstream logistics. News about HF Sinclair often centers on its refineries in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah, and on how these assets serve markets in the Southwest U.S., the Rocky Mountains, the Pacific Northwest and neighboring Plains states.
Investors and industry followers can use the DINO news stream to monitor company announcements on quarterly and annual financial results, including segment performance for Refining, Renewables, Marketing, Lubricants & Specialties and Midstream. Earnings releases detail metrics such as segment income before interest and income taxes, EBITDA and crude oil throughput, giving insight into operating conditions across HF Sinclair’s business.
HF Sinclair’s news flow also includes updates on capital structure and financing, such as senior notes offerings, cash tender offers, and redemptions of existing debt securities. These items describe how the company manages its balance sheet and funds capital investments. In addition, press releases cover share repurchase agreements executed under a board-authorized share repurchase program, providing context on capital returns to stockholders.
Operational and strategic developments are another key theme. HF Sinclair has issued news on evaluating expansions of its midstream refined products footprint across western U.S. markets and on transactions within its Lubricants & Specialties business, such as acquisitions aimed at broadening its lubricants portfolio. The company also highlights its renewable diesel production at facilities in Wyoming and Artesia, New Mexico, which can appear in segment updates and strategic discussions.
By following HF Sinclair news, readers can track how the company’s refining, renewables, marketing, lubricants and midstream activities evolve over time, as well as how management addresses regulatory, market and operational factors described in its safe harbor statements. Regular updates on DINO help contextualize HF Sinclair’s role in regional fuel supply, renewable diesel production and international lubricants markets.
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The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for Q1 2023, payable on May 11, 2023, to unitholders of record on May 1, 2023.
HEP will release its Q1 2023 results on May 4, 2023, prior to NYSE trading, followed by a webcast at 8:30 a.m. ET to discuss financial outcomes.
This press release also serves as a qualified notice under tax regulations, informing that all distributions to foreign investors are subject to federal income tax withholding at the highest rate applicable.
Holly Energy Partners provides vital services in petroleum product and crude oil transportation and storage, operating pipelines and terminals across multiple U.S. states.
HF Sinclair Corporation (NYSE:DINO) has announced executive leadership changes alongside the promotion of Tim Go to Chief Executive Officer effective May 9, 2023. Valerie Pompa is now Executive Vice President, Operations, bringing over 30 years of experience from her role at Flint Hills Resources. Steve Ledbetter joins as Executive Vice President, Commercial, previously with Shell for 24 years, while Matt Joyce becomes Senior Vice President, Lubricants & Specialties after a notable tenure at Lubrizol. Tim Go expressed confidence in the leadership team's ability to drive HF Sinclair's operational and commercial growth.
HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) will announce their quarterly financial results for the period ending March 31, 2023, on May 4, 2023, before NYSE trading opens. A joint webcast conference is scheduled for the same day at 8:30 a.m. Eastern Time to discuss these results. HF Sinclair operates refineries across several states and markets high-value light products, while HEP provides transportation and storage services in the petroleum industry. The webcast will be accessible online, with an audio archive available until May 18, 2023.
Holly Energy Partners, L.P. (NYSE: HEP) and HF Sinclair Corporation (NYSE: DINO) will announce their financial results for the quarter ending March 31, 2023 on May 4, 2023, prior to NYSE trading. A joint webcast is scheduled for 8:30 a.m. Eastern time on the same day to discuss these results. The webcast can be accessed through a provided link, and an audio archive will be available until May 18, 2023. HEP is known for its petroleum transportation and storage services across multiple states, while DINO focuses on producing and marketing high-value fuels and lubricants.
Holly Energy Partners, L.P. (NYSE: HEP) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission on February 28, 2023. Investors can access the report through the company’s website. Holly Energy provides essential petroleum product and crude oil services, including transportation and storage, primarily to HF Sinclair Corporation. The company operates a vast network of pipelines and terminals across several states, ensuring a crucial role in the energy sector.
Holly Energy Partners, L.P. (HEP) reported a net income of $68.5 million, or $0.54 per unit, for Q4 2022, up from $45.6 million in Q4 2021. The quarterly distribution is set at $0.35 per unit. Q4 2022 revenues reached $142.5 million, a $24 million increase year-over-year, driven by the Sinclair Transportation acquisition and pipeline revenue growth. Adjusted EBITDA was $115.7 million, reflecting stable earnings despite increased interest expenses. The annual revenue for 2022 stood at $547.5 million, up $53 million from 2021. The company anticipates achieving a leverage target of 3.5 times by mid-2023.
HF Sinclair reported strong financial results for Q4 2022, with a net income of $587 million, or $2.92 per diluted share, compared to a net loss of $39.5 million in Q4 2021. Adjusted net income was $597.8 million. The company returned $475.2 million to shareholders through dividends and share repurchases, announcing a dividend increase to $0.45 per share, payable on March 17, 2023. For the full year, net income reached $2.9 billion, supported by strong contributions from Refining and Lubricants segments, with EBITDA at $990.9 million for Q4 and $4.6 billion for the year. Cash reserves increased by $217.7 million, totaling $1.67 billion as of December 31, 2022.