Energy Company HF Sinclair's Diversified Portfolio Aids Solid Performance; Declares Dividend
Portfolio Pulse from Lekha Gupta
HF Sinclair Corp (NYSE:DINO) reported Q3 2023 revenues of $8.91 billion, a 16% Y/Y decline but beating consensus estimates. Adjusted EBITDA fell 20% Y/Y to $1.21 billion, and adjusted EPS of $4.06 beat the consensus of $3.67. The company declared a dividend of $0.45 per share, payable on December 5, 2023. DINO shares are trading higher by 1.18% at $56.43.
November 02, 2023 | 4:49 pm
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HF Sinclair Corp reported better than expected Q3 2023 revenues and EPS, declared a dividend, and saw its stock price rise.
HF Sinclair Corp's better than expected Q3 2023 results and dividend declaration are likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100