HollyFrontier (HFC) Misses Q1 EPS by 17c
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HollyFrontier Corporation Reports Quarterly Net Income
May 4, 2016 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported first quarter net income attributable to HollyFrontier stockholders of $21.3 million or $0.12 per diluted share for the quarter ended March 31, 2016, compared to $226.9 million or $1.16 per diluted share for the quarter ended March 31, 2015. Included in the current quarter results was a non-cash inventory valuation adjustment that increased after-tax earnings by $37.0 million, or $0.21 per share.
For the first quarter, net income attributable to our stockholders, excluding the lower of cost or market inventory valuation adjustment, decreased by $238.0 million compared to the same period of 2015, principally... More
