HollyFrontier (HFC) Misses Q2 EPS by 16c, Sales Tops Estimate
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HollyFrontier Corporation Reports Quarterly Results and Announces Regular Cash Dividend
August 2, 2018 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported second quarter net income attributable to HollyFrontier stockholders of $345.5 million or $1.94 per diluted share for the quarter ended June 30, 2018, compared to $57.8 million or $0.33 per diluted share for the quarter ended June 30, 2017.
The second quarter results reflect special items that collectively increased net income by a total of $86.6 million. These items include a lower of cost or market inventory valuation adjustment that increased pre-tax earnings by $106.9 million and a $25.3 million reduction to RINs costs as a result of our Woods Cross refinery's small... More
