HollyFrontier (HFC) Tops Q3 EPS by 31c
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HollyFrontier Corporation Reports Quarterly Results
October 31, 2018 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported third quarter net income attributable to HollyFrontier stockholders of $342.5 million or $1.93 per diluted share for the quarter ended September30, 2018, compared to $272.0 million or $1.53 per diluted share for the quarter ended September30, 2017.
The third quarter results include a lower of cost or market inventory valuation adjustment that decreased pre-tax earnings by $17.8 million. Excluding this item, net income for the current quarter was $350.7 million ($1.98 per diluted share) compared to $202.4 million ($1.14 per diluted share) for the third quarter of 2017, which excludes certain items that collectively... More
