HollyFrontier (HFC) Tops Q3 EPS by 2c
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HollyFrontier Corporation Reports Quarterly Results
November 3, 2016 6:31 AM EDTDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported third quarter net income attributable to HollyFrontier stockholders of $74.5 million or $0.42 per diluted share for the quarter ended September 30, 2016, compared to $196.3 million or $1.04 per diluted share for the quarter ended September 30, 2015.
For the third quarter, net income attributable to our stockholders, exclusive of lower of cost or market inventory valuation adjustments and related tax effects, decreased by $276.0 million compared to the same period of 2015, principally reflecting lower refining margins. Production levels averaged approximately 457,000 barrels per day (BPD) and crude oil charges averaged... More
