Reported 1 day ago
HF Sinclair announced a larger-than-anticipated loss for the fourth quarter, impacted by lower refining margins and increased global capacity. The company's adjusted refinery margin dropped significantly to $6.86 per barrel, as U.S. refinery margins fell nearly 25% from the previous year. Consequently, sales of refined products decreased by 9.4%, leading to a 15% reduction in revenues to $6.5 billion. Despite this, segments like lubricants and midstream performed better year-over-year.
Source: YAHOO