HF Sinclair Tops Q2 Earnings Estimate; Declares Cash Dividend
Portfolio Pulse from Lekha Gupta
HF Sinclair Corp (NYSE:DINO) reported Q2 2023 revenues of $7.83 billion, beating the consensus of $7.38 billion. Adjusted EPS of $2.60 also beat the consensus of $2.27. However, adjusted EBITDA fell 53% Y/Y to $868.2 million. The company declared a dividend of $0.45 per share, payable on September 6, 2023. DINO shares are trading higher by 3.2% at $53.27.
August 04, 2023 | 1:53 pm
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HF Sinclair Corp reported better than expected Q2 2023 revenues and EPS, but a significant drop in EBITDA. The company declared a dividend and its shares are trading higher.
HF Sinclair's better than expected revenues and EPS for Q2 2023, along with the declaration of a dividend, are positive news for investors and likely contributed to the rise in the company's share price. However, the significant drop in EBITDA could be a concern for the company's profitability in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100