HF Sinclair Q1 adjusted EPS $0.71, down 65% YoY; announces $1B buyback

HF Sinclair Corp

2024-Q1 EPS reported $1.57 revenue$7,027,145,000

Net income $314.7M ($1.57 diluted); adjusted net income $142.3M ($0.71), down from $394.1M ($2.00) in Q1 2023.
Refining gross margin fell 45% to $12.70/bbl; crude charge averaged 604,930 bpd (+21% YoY).
Returned $269M to shareholders via dividends ($99.4M) and buybacks ($169.6M) in Q1.
Board authorized new $1B share repurchase program, replacing prior program with $214.2M remaining.
Regular quarterly dividend declared at $0.50/share (unchanged); payable June 5 to holders of record May 22.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HF Sinclair Corp reported first quarter 2024 results: net income net income attributable to HF Sinclair stockholders of $314.7 million, EPS $1.57 per diluted share.

Period: first quarter 2024
Net income: net income attributable to HF Sinclair stockholders of $314.7 million
EPS: $1.57 per diluted share
Result: reported results

Exact text from the filing

HF Sinclair Corporation Reports 2024 First Quarter Results

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Source: SEC EDGAR

accession 0001915657-24-000056

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