HollyFrontier (HFC) Misses Q2 EPS by 4c
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HollyFrontier Corporation Reports Quarterly Results and Announces Regular Cash Dividend
August 3, 2016 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported a second quarter net loss attributable to HollyFrontier stockholders of $(409.4) million or $(2.33) per diluted share for the quarter ended June 30, 2016, compared to net income attributable to HollyFrontier stockholders of $360.8 million or $1.88 per diluted share for the quarter ended June 30, 2015. Included in the current quarter results were non-cash items consisting of goodwill and long-lived asset impairment charges, offset by an inventory reserve adjustment. These non-cash items include $309.3 million of goodwill and $344.8 million of long-lived asset write-downs related to our Cheyenne Refinery, offset by a $138.5... More
