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Form 8-K · Current Report · Filed 2024-05-16

HF Sinclair Corporation Announces Share Repurchase Under $1 Billion Program

HF Sinclair Corporation announced on May 16, 2024, that it entered into a Stock Purchase Agreement to repurchase 1,348,435 shares of its common stock from REH Company for an aggregate price of $74,999,955.

Filer
Hf Sinclair Corporation DINO · NYSE
Filed
Accession
0001915657-24-000068
CIK
0001915657
Signal
Medium impactEnergy

Details

This repurchase is part of the company's previously disclosed $1 billion share repurchase program authorized by the Board of Directors on May 7, 2024.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Securities Purchase Agreement
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$56.94

Next session

+2.6%

Since filing

+60.6%

Latest close

$91.47

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from DINO reporting the same item, with the next session's move:

HF Sinclair Reports Q1 2024 Results, Announces Dividend and New Share Repurchase Program+5.3%
HF Sinclair Announces Share Repurchase from Selling Stockholder+4.2%
HF Sinclair Investor Presentation: Refining, Marketing, and Renewables Update+2.2%
HF Sinclair Board Appoints New Director and Increases Dividend+3.7%
HF Sinclair Corporation Announces Share Repurchase Transaction+1.3%

Exhibits (1)

About Hf Sinclair Corporation

Hf Sinclair Corporation is an integrated energy company involved in refining, marketing, and distributing petroleum products. Its primary focus is on supplying fuel and specialty lubricant products, with operations that extend into petrochemicals and renewable fuels. Serving various sectors such as automotive, industrial, and agricultural, Hf Sinclair plays a crucial role in the energy supply chain by processing crude oil into refined products, including gasoline and diesel. The company's refining operations are strategically located across the United States, facilitating efficient distribution across diverse markets. With a commitment to sustainability, Hf Sinclair is also investing in renewable energy solutions and reducing carbon emissions. As a significant player in the energy sector, the corporation contributes to both local and global energy supplies, impacting market dynamics through its production capacities and strategic initiatives. Founded through a merger of HollyFrontier Corporation and Sinclair Oil Corporation, Hf Sinclair combines extensive industry expertise with a robust operational network, making it a key participant in the broader energy landscape.

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