Reported 2 days ago
HF Sinclair achieved better-than-expected second-quarter profits, driven by soaring refining margins in the mid-continent region, despite a decline in refined product sales. The company's refining margins reached $16.50 per barrel, a 46% increase year-over-year, while adjusted profit was reported at $1.70 per share, exceeding analyst forecasts. The improved results reflect a rebound in the U.S. refining sector, attributed to stronger diesel margins and supportive industry policies.
Source: YAHOO