HF Sinclair Corp Stock Price, News & Analysis

HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) will announce their financial results for Q3 2022 on November 7, 2022, prior to NYSE trading. A joint webcast will take place on the same day at 8:30 a.m. ET to discuss these results, with an audio archive available until November 21, 2022. HF Sinclair operates refineries across several states and markets high-value fuels, while HEP provides vital transportation and storage services for the petroleum sector.

HF Sinclair Corporation (NYSE: DINO) and Holly Energy Partners, L.P. (NYSE: HEP) will disclose their financial results for the quarter ending September 30, 2022, on November 7, 2022, prior to NYSE trading. A joint webcast is scheduled for the same day at 8:30 a.m. ET to review these results. HF Sinclair operates refineries across several states and markets high-value light products while HEP provides transportation and storage services for the petroleum industry. This event is crucial for investors seeking insights into their financial performance.

HF Sinclair Corporation (NYSE: DINO) has appointed Atanas H. Atanasov as Executive Vice President and Chief Financial Officer, effective September 30, 2022. Atanasov brings over 25 years of experience, having previously served as CFO at Lummus Technology and Kraton Corporation. In addition, Michael C. Jennings is now President of Holly Logistic Services, the general partner of Holly Energy Partners, L.P. (NYSE: HEP). The changes follow the mutual separation from Richard L. Voliva III, former CFO of HF Sinclair.

These appointments aim to strengthen the leadership team in the energy sector.

Sinclair Oil, a brand of HF Sinclair (NYSE: DINO), announced its "Fueling Folds of Honor" initiative, aiming to raise over $700,000 for families of fallen or disabled veterans and first responders. From Sept. 12 to Oct. 16, 2022, a portion of fuel purchases at participating Sinclair stations will support educational scholarships provided by Folds of Honor. This program highlights Sinclair's commitment to serving communities with significant veteran populations. Additionally, customers can donate online or through merchandise sales.

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.