secwatch.observer — SEC 8-K summary
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Issuer:     HF Sinclair Corp (DINO)
CIK:        0001915657
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001915657-24-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1915657/000191565724000056/0001915657-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1915657/000191565724000056/dino-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001915657-24-000056

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