HollyFrontier (HFC) Misses Q4 EPS by 15c, Revenue Beats

HollyFrontier (NYSE: HFC) reported Q4 EPS of $0.37, $0.15 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $4.38 billion versus the consensus estimate of $3.44 billion.

HollyFrontier’s President & CEO, Michael Jennings, commented, “Despite heavy maintenance across our refining system in the fourth quarter, HFC achieved healthy financial results in 2019. The resulting strong cash flow generation allowed us to invest over $500 million into our assets, complete the acquisition of Sonneborn and return $758 million in cash to shareholders through dividends and share repurchases during the year. Looking forward to 2020, we are optimistic that demand for gasoline and diesel will strengthen into the summer driving season, margins for finished lubricants will remain strong and the base oil market will improve as existing capacity absorbs growing demand for premium base oils.”

For earnings history and earnings-related data on HollyFrontier (HFC) click here.

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• PayPal (PYPL) stock: Risk-reward 'finally looks favorable' says Deutsche Bank
• Norfolk Southern (NSC) corrects Ancora's false and misleading statements