HollyFrontier (HFC) Misses Q4 EPS by 14c, Revenue Beats

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Go back to HollyFrontier (HFC) Misses Q4 EPS by 14c, Revenue Beats

HollyFrontier Corporation Reports Quarterly Net Income

February 21, 2018 6:30 AM EST

DALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported fourth quarter net income attributable to HollyFrontier stockholders of $521.1 million or $2.92 per diluted share for the quarter ended December 31, 2017 compared to $53.2 million or $0.30 per diluted share for the quarter ended December 31, 2016.

The fourth quarter results reflect special items that collectively increased net income by a total of $396.5 million. On a pre-tax basis, these items include a lower of cost or market inventory valuation adjustment of $93.4 million, a $27.0 million reduction to RINs costs as a result of our Woods Cross refinery's small refinery exemption... More