Articles from HF Sinclair Corporation

HF Sinclair Corporation (the “Corporation”) (NYSEDINO) today announced that it will redeem all of the outstanding 5.785% Senior Notes due 2026 (the “Notes”) of HollyFrontier Corporation, its wholly owned subsidiary. The redemption price for the Notes will equal the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the “make-whole” redemption premium specified in the indenture, as supplemented, governing the Notes, plus, in either case, accrued and unpaid interest to the Redemption Date (as defined below) The redemption of the Notes is scheduled to occur on February 16, 2025 (the “Redemption Date”). The Corporation intends to fund the redemption with the net proceeds of the Corporation’s registered offering of $1,400,000,000 aggregate principal amount of senior notes completed on January 23, 2025. On and after the Redemption Date, the Notes will no longer be deemed outstanding, interest will cease to accrue thereon and all rights of the holders of the Notes will cease, except for the right to receive the redemption price. This release does not constitute a Notice of Redemption of the Notes.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) plans to announce results for the quarter ending December 31, 2024, on February 20, 2025, before the opening of trading on the NYSE. HF Sinclair has scheduled a webcast conference on February 20, 2025, at 8:30 a.m. Eastern time to discuss financial results.

HF Sinclair Corporation (NYSEDINO) (the “Corporation”) announced today that it has priced an offering of $1,400,000,000 aggregate principal amount of its senior notes, consisting of $650,000,000 aggregate principal amount of 5.750% Senior Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of 6.250% Senior Notes due 2035 (the “2035 Notes”, and together with the 2031 Notes, the “Notes”) at a price to the public of 99.667% and 99.475%, respectively, of the principal amount thereof. The offering is expected to close on January 23, 2025, subject to the satisfaction of customary closing conditions.

Sinclair Oil, an HF Sinclair (NYSEDINO) brand, is bringing company icon DINO back to the beloved Macy’s Thanksgiving Day Parade® this holiday season.

Sinclair Oil (Sinclair), an HF Sinclair (NYSEDINO) brand, today announced its upcoming partnership with Folds of Honor, a nonprofit organization that helps the families of American fallen or disabled service members and first responders gain an education through scholarship funding.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported third quarter Net loss attributable to HF Sinclair stockholders of $(75.9) million, or $(0.40) per diluted share, for the quarter ended September 30, 2024, compared to $790.9 million, or $4.23 per diluted share, for the quarter ended September 30, 2023. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholders for the third quarter of 2024 was $96.5 million, or $0.51 per diluted share, compared to $760.4 million, or $4.06 per diluted share, for the third quarter of 2023.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) plans to announce results for the quarter ending September 30, 2024, on October 31, 2024, before the opening of trading on the NYSE. HF Sinclair has scheduled a webcast conference on October 31, 2024, at 9:30 a.m. Eastern time to discuss financial results.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported second quarter net income attributable to HF Sinclair stockholders of $151.8 million, or $0.79 per diluted share, for the quarter ended June 30, 2024, compared to $507.7 million, or $2.62 per diluted share, for the quarter ended June 30, 2023. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholders for the second quarter of 2024 was $149.3 million, or $0.78 per diluted share, compared to $503.8 million, or $2.60 per diluted share, for the second quarter of 2023.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today announced that Eric L. Nitcher has been appointed as Executive Vice President, General Counsel of the Company, effective July 10, 2024.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) plans to announce results for the quarter ending June 30, 2024, on August 1, 2024, before the opening of trading on the NYSE. HF Sinclair has scheduled a webcast conference on August 1, 2024, at 9:30 a.m. Eastern time to discuss financial results.

Sinclair Oil (Sinclair), an HF Sinclair (NYSEDINO) brand, today announced a special customer promotion, deemed DINO Day, to coincide with National Dinosaur Day, recognized in the United States on Saturday, June 1.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported first quarter net income attributable to HF Sinclair stockholders of $314.7 million, or $1.57 per diluted share, for the quarter ended March 31, 2024, compared to $353.3 million, or $1.79 per diluted share, for the quarter ended March 31, 2023. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholders for the first quarter of 2024 was $142.3 million, or $0.71 per diluted share, compared to $394.1 million, or $2.00 per diluted share, for the first quarter of 2023.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) plans to announce results for the quarter ending March 31, 2024 on May 8, 2024, before the opening of trading on the NYSE. HF Sinclair has scheduled a webcast conference on May 8, 2024 at 8:30 a.m. Eastern time to discuss financial results.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported fourth quarter net loss attributable to HF Sinclair stockholders of $(62.2) million, or $(0.34) per diluted share, for the quarter ended December 31, 2023, compared to net income attributable to HF Sinclair stockholders of $587.0 million, or $2.92 per diluted share, for the quarter ended December 31, 2022. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholders for the fourth quarter of 2023 was $164.6 million, or $0.87 per diluted share, compared to $597.8 million, or $2.97 per diluted share, for the fourth quarter of 2022.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) announced that its Board of Directors (the “Board”) appointed Jeanne M. Johns as an independent director to the Board, effective February 13, 2024. This appointment increases the size of the Board to thirteen directors and increases the number of independent directors on the Board from ten to eleven.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) announced today that its Board of Directors declared a regular quarterly dividend of $0.50 per share, an increase of $0.05 from the previous dividend of $0.45 per share. This dividend represents an 11% increase from the prior quarter and will be paid on March 5, 2024 to holders of record of common stock on February 26, 2024.

Sinclair Oil (Sinclair), an HF Sinclair (NYSEDINO) brand, is pleased to announce that its fall 2023 giving campaign, Fueling Folds of Honor, raised more than $635,000 to support the children and spouses of fallen or disabled veterans and first responders by providing educational scholarships.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) plans to announce results for the quarter ending December 31, 2023 on February 21, 2024, before the opening of trading on the NYSE. HF Sinclair has scheduled a webcast conference on February, 21 2024 at 8:30 a.m. Eastern time to discuss financial results.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) today announced the completion of the transactions contemplated by the previously announced Agreement and Plan of Merger, pursuant to which HF Sinclair acquired all of the outstanding common units (“HEP Common Units”) representing limited partner interests in Holly Energy Partners, L.P. (“HEP”) not already owned by HF Sinclair and its subsidiaries, for a combination of 0.3150 of a share of HF Sinclair common stock and $4.00 in cash, without interest, per HEP Common Unit.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP”) NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported third quarter net income attributable to HF Sinclair stockholders of $790.9 million, or $4.23 per diluted share, for the quarter ended September 30, 2023, compared to $954.4 million, or $4.45 per diluted share, for the quarter ended September 30, 2022. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholders for the third quarter of 2023 was $760.4 million, or $4.06 per diluted share, compared to $982.9 million, or $4.58 per diluted share, for the third quarter of 2022, which excludes certain items that collectively decreased net income by $28.5 million.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today announced its Board of Directors has authorized a $1 billion share repurchase program. This authorization replaces all existing share repurchase authorizations, of which there was approximately $5 million remaining under the Company’s prior $1 billion share repurchase program authorized in September 2022. Share repurchases under the program may be made in the open market or through privately negotiated transactions. Privately negotiated repurchases from REH Company are also authorized under this share repurchase program, subject to REH Company’s interest and other limitations. The timing and amount of share repurchases, including any repurchases from REH Company, will depend on market conditions and corporate, tax, regulatory and other relevant considerations. This share repurchase program may be discontinued at any time by the Board of Directors.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP” or the “Partnership”) NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported second quarter net income attributable to HF Sinclair stockholders of $507.7 million, or $2.62 per diluted share, for the quarter ended June 30, 2023, compared to $1,221.3 million, or $5.43 per diluted share, for the quarter ended June 30, 2022. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholders for the second quarter of 2023 was $503.8 million, or $2.60 per diluted share, compared to $1,258.5 million, or $5.59 per diluted share, for the second quarter of 2022, which excludes certain items that collectively decreased net income by $37.3 million.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today released its 2022 Sustainability Report. In the report, HF Sinclair details its efforts to advance its environmental, social and corporate governance (ESG) journey.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported first quarter net income attributable to HF Sinclair stockholders of $353.3 million, or $1.79 per diluted share, for the quarter ended March 31, 2023, compared to $160.0 million, or $0.90 per diluted share, for the quarter ended March 31, 2022. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholders for the first quarter of 2023 was $394.1 million, or $2.00 per diluted share, compared to $175.6 million, or $0.99 per diluted share, for the first quarter of 2022, which excludes certain items that collectively decreased net income by $15.7 million.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) announced today that it has submitted a non-binding proposal to acquire all of the outstanding common units (“Common Units”) of Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today announced that in connection with Tim Go’s previously announced promotion to Chief Executive Officer and President of HF Sinclair effective May 9, 2023, the following individuals have been added to its Executive Leadership Team.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported fourth quarter net income attributable to HF Sinclair stockholders of $587.0 million, or $2.92 per diluted share, for the quarter ended December 31, 2022, compared to a net loss of $(39.5) million, or $(0.24) per diluted share, for the quarter ended December 31, 2021. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholders for the fourth quarter of 2022 was $597.8 million, or $2.97 per diluted share, compared to an adjusted net loss of $(17.6) million, or $(0.11) per diluted share, for the fourth quarter of 2021.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) today announced the promotion of Tim Go to the position of Chief Executive Officer and President of HF Sinclair, effective May 9, 2023. In addition, effective February 16, 2023, the Board of Directors of HF Sinclair (the “Board”) increased the size of the Board by one to thirteen, appointed Mr. Go as a non-independent director to the Board and appointed Mr. Go to serve on the Executive Committee of the Board.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported third quarter net income attributable to HF Sinclair stockholders of $954.4 million, or $4.45 per diluted share, for the quarter ended September 30, 2022, compared to $280.8 million, or $1.71 per diluted share, for the quarter ended September 30, 2021.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) today announced the appointment of Atanas H. Atanasov as Executive Vice President and Chief Financial Officer of HF Sinclair effective September 30, 2022, and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported second quarter net income attributable to HF Sinclair stockholders of $1,221.3 million, or $5.43 per diluted share, for the quarter ended June 30, 2022, compared to $168.9 million, or $1.03 per diluted share, for the quarter ended June 30, 2021.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) today announced that its Board of Directors (the “Board”) appointed Rhoman J. Hardy to the Board, effective July 2, 2022. This appointment increases the size of the Board to twelve directors and increases the number of independent directors on the Board from nine to ten.

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair” or the “Company”) today reported first quarter net income attributable to HF Sinclair stockholders of $160.0 million, or $0.90 per diluted share, for the quarter ended March 31, 2022, compared to $148.2 million, or $0.90 per diluted share, for the quarter ended March 31, 2021.

HF Sinclair Corporation (NYSEDINO) (the “Company” or “HF Sinclair”) and HollyFrontier Corporation (“HFC”) announced today the expiration and final results of its previously announced (i) offers to exchange (collectively, the “Exchange Offers”) any and all outstanding HFC Notes (as defined below) issued by HFC for new notes to be issued by the Company (the “New Notes”) and cash and (ii) related consent solicitations (collectively, the “Consent Solicitations”) to adopt the Proposed Amendments (as defined below) to the indenture governing the HFC Notes (as supplemented for each particular series of existing HFC Notes, the “HFC Indenture”), commenced by the Company on March 24, 2022. The Exchange Offers and Consent Solicitations expired at 5:00 p.m., New York City time, on April 22, 2022 (the “Expiration Date”). The below table reflects the aggregate principal amounts of each respective series of HFC Notes that had been validly tendered and not validly withdrawn as of the Expiration Date:

HF Sinclair Corporation (NYSEDINO) (“HF Sinclair”) and Holly Energy Partners, L.P. NYSE: HEPNYSEHEP)