Reported 2 months ago
HF Sinclair announced a quarterly profit that exceeded analyst expectations, driven by increased crude processing volumes, despite facing reduced refining margins. The company processed 676,610 barrels per day, up from 598,970 a year ago, although gross margins fell significantly from $21.99 to $11.33 per barrel. Despite the overall profit decline compared to the previous year, HF Sinclair's adjusted earnings per share of 78 cents surpassed estimates of 71 cents.
Source: YAHOO