ab 13 August 2024 Global Research and Evidence Lab HF Sinclair Corp Call takeaways and Adjusting Estimates Call takeaways DINO provided 3Q24 throughput guidance of 570-600mb/d, this takes into account turnaround at the Parco refinery as well as turnaround at El Dorado which was moved from 4Q24 to 3Q24. DINO has signed new contracts to convert 150 stores to its branded wholesale sites, which translates into expected growth of ~10% over the next 6 months to 12 months. DINO looking to add more branded location ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-Q _________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ____________ ...

HF Sinclair Corporation (NYSE:DINO) Q2 2024 Earnings Conference Call August 1, 2024 9:30 AM ET Company Participants Craig Biery - VP, IR Tim Go - CEO Atanas Atanasov - CFO Steve Ledbetter - EVP of Commercial Matt Joyce - SVP of Lubricants & Specialties Valerie Pompa - EVP of Operations Conference Call Participants Manav Gupta - UBS Financial Ryan Todd - Piper Sandler Theresa Chen - Barclays Adam Wijaya - Goldman Sachs Matthew Blair - TPH Jason Gabelman - TD Cowen Operator Welcome to HF Sinclair Corporation' ...

HF Sinclair (DINO) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $2.60 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this independent energy company would post earnings of $0.55 per share when it actually produced earnings of $0.71, delivering a surprise of 29.09%. Over the last four quarter ...

Press Release August 1, 2024 HF Sinclair Corporation Reports 2024 Second Quarter Results and Announces Regular Cash Dividend • Reported net income attributable to HF Sinclair stockholders of $151.8 million, or $0.79 per diluted share, and adjusted net income of $149.3 million, or $0.78 per diluted share, for the second quarter • Reported EBITDA of $408.0 million and Adjusted EBITDA of $405.8 million for the second quarter • Returned $467.1 million to stockholders through dividends and share repurchases in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-Q _________________________________________________________________ (Mark One) (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Dallas, Texas 75201 (Address of principal executive offices) (Zip Code) For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION ...

HF Sinclair Corporation (NYSE:DINO) Q1 2024 Earnings Call Transcript May 8, 2024 8:30 AM ET Company Participants Craig Biery - VP, IR Tim Go - CEO Atanas Atanasov - CFO Steve Ledbetter - EVP of Commercial Matt Joyce - SVP of Lubricants & Specialties Conference Call Participants Neil Mehta - Goldman Sachs Ryan Todd - Piper Sandler Manav Gupta - UBS Paul Cheng - Scotiabank Matthew Blair - TPH Theresa Chen - Barclays Jason Gabelman - TD Cowen Operator Welcome to the HF Sinclair Corporation's First Quarter 2024 ...

HF Sinclair (DINO) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.09%. A quarter ago, it was expected that this independent energy company would post earnings of $0.67 per share when it actually produced earnings of $0.87, delivering a surprise of 29.85%.Over the last four quarters, ...

Financial Performance - Reported net income attributable to HF Sinclair stockholders of $314.7 million, or $1.57 per diluted share, for Q1 2024, compared to $353.3 million, or $1.79 per diluted share, for Q1 2023 [2]. - Adjusted net income for Q1 2024 was $142.3 million, or $0.71 per diluted share, down from $394.1 million, or $2.00 per diluted share, in Q1 2023 [2]. - Consolidated net income for Q1 2024 was $1,958, compared to $31,739 in Q1 2023, reflecting a significant decline [25]. - Adjusted net income attributable to HF Sinclair stockholders was $142,263, a decrease of 63.9% from $394,087 in Q1 2023 [54]. - Adjusted earnings per share - diluted fell to $0.71, down 64.5% from $2.00 in the same quarter last year [54]. - Income before income taxes decreased to $402,096, down 17.0% from $484,705 in Q1 2023 [56]. - Effective tax rate for adjusted results increased to 21.5%, compared to 20.6% in Q1 2023 [56]. Revenue and Sales - Sales and other revenues for Q1 2024 were $7,027,145, a decrease of $537,997 or 7% compared to Q1 2023 [15]. - Total revenues for the three months ended March 31, 2024, were $7,027,145, a decrease of 7.1% compared to $7,565,142 for the same period in 2023 [25]. - Total refining segment sales and other revenues decreased to $6,204,245 thousand in Q1 2024 from $6,718,615 thousand in Q1 2023, a decrease of 7.6% [47]. - Marketing segment sales decreased to $775,807, down 17.3% from $937,385 in the same quarter last year [51]. - Renewables segment sales decreased to $239,559, down 19.6% from $298,016 in the same quarter last year [49]. Segment Performance - Refining segment income before interest and income taxes was $312.0 million for Q1 2024, a decrease from $436.9 million in Q1 2023 [3]. - Renewables segment loss before interest and income taxes was $(40.0) million for Q1 2024, improved from a loss of $(64.6) million in Q1 2023 [4]. - Marketing segment income before interest and income taxes increased to $9.4 million in Q1 2024 from $0.5 million in Q1 2023 [5]. - Midstream segment income before interest and income taxes rose to $93.1 million for Q1 2024, compared to $73.9 million in Q1 2023 [7]. Margins and Expenses - Consolidated refinery gross margin was $12.70 per produced barrel, a 45% decrease from $23.20 in Q1 2023 [3]. - Refinery gross margin per produced barrel sold decreased to $12.70 in Q1 2024 from $23.20 in Q1 2023, a decline of 45.4% [47]. - Operating expenses (exclusive of depreciation and amortization) decreased by $32,271 or 5% to $607,112 compared to $639,383 in Q1 2023 [15]. - Renewables gross margin per produced gallon decreased to $0.15 in Q1 2024 from $0.77 in Q1 2023, a decline of 80.5% [32]. - Marketing gross margin increased to $23,277, up 74.5% from $13,336 in Q1 2023 [51]. - Marketing gross margin per gallon of sales increased to $0.07 in Q1 2024 from $0.04 in Q1 2023, an increase of 75% [36]. Cash Flow and Shareholder Returns - Net cash provided by operations totaled $316.9 million for Q1 2024, with cash and cash equivalents at $1,240.9 million as of March 31, 2024 [8]. - Returned $269 million to stockholders through dividends and share repurchases in Q1 2024 [3]. - Authorized a new $1.0 billion share repurchase program [3]. - Cash dividends declared per common share increased to $0.50, up $0.05 or 11% from $0.45 in Q1 2023 [15]. Asset and Debt Management - Total assets increased to $17,915,990 as of March 31, 2024, up from $17,716,265 at the end of 2023 [16]. - Total debt decreased to $2,678,645 from $2,739,083, indicating a reduction in leverage [16]. - Cash and cash equivalents were reported at $1,240,860, down from $1,353,747 at the end of 2023 [16]. Operational Metrics - Refinery throughput in the Mid-Continent region increased to 273,890 BPD in Q1 2024, up from 231,260 BPD in Q1 2023, representing an 18.5% increase [28]. - The West region's refinery utilization improved to 82.8% in Q1 2024, compared to 68.7% in Q1 2023 [29]. - The company reported a total crude charge of 604,930 BPD for consolidated operations in Q1 2024, an increase from 498,500 BPD in Q1 2023, representing a 21.4% increase [29]. - Midstream segment volumes increased to 1,765,398 BPD in Q1 2024 from 1,676,762 BPD in Q1 2023, an increase of 5.3% [38]. - The number of branded sites in the marketing segment increased to 1,547 at the end of Q1 2024 from 1,511 at the end of Q1 2023, an increase of 2.4% [36]. Capital Expenditures - Capital expenditures for Q1 2024 totaled $89,108, a decrease from $100,069 in Q1 2023, reflecting a 10.9% reduction [25].

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering HF Sinclair (DINO) , which belongs to the Zacks Alternative Energy - Other industry.This independent energy company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 20.54%.For the last reported quarter, HF Sinclair came out with ear ...