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Form 8-K · Current Report · Filed 2024-08-01

HF Sinclair Corporation Announces Q2 2024 Results and Regular Dividend

HF Sinclair Corporation reported a net income of $151.8 million, or $0.79 per diluted share, for the second quarter of 2024, a significant decrease from the $507.7 million, or $2.62 per diluted share, reported in Q2 2023.

Filer
Hf Sinclair Corporation DINO · NYSE
Filed
Accession
0001915657-24-000103
CIK
0001915657
Signal
Low impactEnergy

Details

The company also announced a regular quarterly dividend of $0.50 per share, payable on September 5, 2024, to stockholders of record on August 21, 2024. The detailed financial performance is provided in the attached exhibit 99.1.

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$51.47

Next session

-9.2%

Since filing

+77.7%

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 Appoints Eric L. Nitcher as Executive Vice President, General Counsel-1.8%
HF Sinclair Discloses Investor Presentation+1.3%
HF Sinclair Corporation Announces Share Repurchase Under $1 Billion Program+2.6%
HF Sinclair Announces First Quarter 2024 Results and Dividend+5.3%
HF Sinclair Reports Q1 2024 Results, Announces Dividend and New Share Repurchase Program+5.3%

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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