Investing
Oil refiner HF Sinclair’s fourth-quarter profit beats estimates
© Reuters. HF Sinclair Corp logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -HF Sinclair beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by healthy refining margins and resilient fuel demand.
U.S. refiners’ earnings normalized throughout last year, after hitting sky-high levels in 2022, when Russia’s invasion of Ukraine disrupted crude supplies.
HF Sinclair’s consolidated gross refining margin fell to $13.88 per barrel of throughput in the fourth quarter, from $23.47 a year earlier.
The Dallas-based company posted an adjusted profit of 87 cents per share for the quarter, compared to analysts’ estimates of 72 cents per share, according to LSEG data.
Read the full article here
Looking to Sell Your Company? Here’s a Potentially Lucrative Exit Plan Every Business Needs to Consider.
How to Make Focus an Unbreakable Habit in 2025: The Secret Weapon for Superhuman Focus
5 Benefits of ‘Ick’ Franchise Industries
Join the Highest-Growing Industry in 2025 With This $60 Cybersecurity E-Learning Bundle
Morgan Stanley boosts consumer finance outlook for 2025 By Investing.com
KFC Announces Saucy, a Chicken Tenders-Focused Spinoff
Palantir, Anduril join forces with tech groups to bid for Pentagon contracts, FT reports By Reuters
4 Ways Content Can Make or Break the Customer Experience
Why Emotional Intelligence Is the Key to High-Impact Leadership
How to Build a Legacy of Leadership in Your Business in Six Proven Strategies
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles6 days agoKFC Announces Saucy, a Chicken Tenders-Focused Spinoff
-
Investing6 days agoPalantir, Anduril join forces with tech groups to bid for Pentagon contracts, FT reports By Reuters
-
Side Hustles5 days ago4 Ways Content Can Make or Break the Customer Experience
-
Passive Income3 days agoWhy Emotional Intelligence Is the Key to High-Impact Leadership
-
Side Hustles5 days agoHow to Build a Legacy of Leadership in Your Business in Six Proven Strategies
-
Side Hustles6 days agoHow Mentorship Shapes Resilient Leaders and Thriving Teams
-
Personal Finance2 days agoTop personal finance New Year's resolutions for 2025
-
Make Money6 days ago10 Unexpected Hacks to Maximize Your 401(K) Savings