BUZZ-HF Sinclair gains on smaller-than-expected Q1 loss

Reuters
01 May
BUZZ-HF Sinclair gains on smaller-than-expected Q1 loss

** Shares of U.S. refiner HF Sinclair DINO.N rise 4.7% to $31.49

** Company reported smaller-than-expected loss in Q1, supported by sequential improvement in refining margins

** DINO posts an adjusted loss of 27 cents/share in Q1 vs est loss of 44 cents/share - data compiled by LSEG

** Company's total crude processed in Q1 rose to 646,580 barrels/day compared with 643,300 bpd, a year earlier

** DINO reports Q1 adjusted refining margins of $9.12/produced barrel, 28% lower than a year earlier but above the $6.68/barrel in 4Q24

** Including session's moves, company's shares down 10% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10