HF Sinclair Q1 net income $353.3M ($1.79 EPS); announces non-binding HEP buyout offer

HF Sinclair Corp

2023-Q1 EPS reported $1.79 revenue$7,565,142,000

Net income $353.3M vs $160.0M YoY; adjusted net income $394.1M ($2.00 adjusted diluted EPS).
Refining segment earnings $441M vs $113.1M YoY; consolidated refinery gross margin $23.70/bbl (+87% YoY).
Declared $0.45/share quarterly dividend, payable June 1, 2023 to holders of record May 18, 2023.
Made non-binding offer to purchase all outstanding HEP common units not already owned by HF Sinclair.
Returned $333.6M to shareholders via dividends and share repurchases in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HF Sinclair Corp reported first quarter 2023 results: net income $353.3 million, EPS $1.79 per diluted share.

Period: first quarter 2023
Net income: $353.3 million
EPS: $1.79 per diluted share
Result: reported results

Exact text from the filing

HF Sinclair Corporation Reports 2023 First Quarter Results

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Source: SEC EDGAR

accession 0001193125-23-134933

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