CVRR - Is HollyFrontier The Newest Refining Star?
HollyFrontier Corporation (HFC) owns 457,000 barrels per day ((BPD)) of Mid-Continent, Rockies, and New Mexico refining capacity. As its third-quarter results demonstrate, it has benefited substantially from lower-cost oil from over half a dozen inland oil fields. Its operationally-improved refineries, midstream partnership contributions, and growing lubes segment show the company to be on solid footing.
Brief Company Summary
HollyFrontier resulted from two small refining companies that merged in 2011. Headquartered in Dallas, Texas, HFC has 3522 full-time employees. It reports in three segments: the refining and marketing---the bulk of its revenue and income–midstream