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DALLAS - On Thursday, HF Sinclair Corporation (NYSE:DINO) reported second quarter adjusted earnings of $1.70 per share, significantly exceeding analyst expectations of $1.05, while revenue matched the consensus estimate at $6.78 billion.
The company’s stock was unchanged in after hours trading following the release.
The refining company’s strong performance was driven by higher adjusted refinery gross margins, which increased 46% to $16.50 per produced barrel sold compared to $11.33 in the same quarter last year. This improvement helped boost adjusted net income to $322 million, more than doubling from $150 million in the second quarter of 2024.
"During the second quarter of 2025, we made strong progress on our key priorities to improve reliability, optimization and integration," said Tim Go, HF Sinclair’s Chief Executive Officer. "I’m pleased to report we delivered sequential improvements over the last three quarters in refining throughput, capture and lower operating costs."
Revenue declined 14% YoY to $6.78 billion from $7.85 billion in the prior-year period. The company’s crude oil charge averaged 615,930 barrels per day, down from 634,730 barrels per day in Q2 2024, primarily due to turnaround activities at its Tulsa and Parco refineries.
The company returned $145 million to stockholders through dividends and share repurchases during the quarter. HF Sinclair’s board declared a regular quarterly dividend of $0.50 per share, payable on September 4, 2025.
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