FXN - Why Energy Company HF Sinclair Shares Are Surging Wednesday | Benzinga
HF Sinclair Corporation (NYSE:DINO) shares are trading higher after it reported first-quarter FY24 results.
Revenues declined 7% Y/Y to $7.027 billion, missing the consensus of $7.542 billion.
Adjusted EBITDA fell 43% Y/Y to $399.1 million in the quarter. Adjusted EPS of $0.71 beat the consensus of $0.65.
The Refining segment adjusted EBITDA declined to $208.8 million from $537.0 million a year ago, owing to lower refinery gross margins in both the West ...