HF Sinclair Q3: Earnings Beat, 19% Revenue Decline, EBITDA Drop & More
Portfolio Pulse from Akanksha Bakshi
HF Sinclair Corporation (NYSE:DINO) reported a 19% YoY revenue decline in Q3 to $7.207 billion, beating expectations. Adjusted EBITDA fell 74% to $316 million, with significant drops in the Refining and Lubricants segments. Adjusted EPS of $0.51 surpassed the consensus. The company declared a $0.50 dividend and engaged in share repurchases.
October 31, 2024 | 1:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
HF Sinclair reported a 19% revenue decline in Q3, but earnings beat expectations. Adjusted EBITDA fell significantly, particularly in the Refining segment. The company declared a $0.50 dividend and engaged in share repurchases.
Despite a significant revenue decline, HF Sinclair's earnings beat expectations, which is a positive indicator for investors. The declaration of a dividend and share repurchases further supports a positive outlook. The stock price is likely to see a short-term increase due to these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100