HF Sinclair gains on record profit, CEO change
DINO•HF Sinclair shares rose 4.6% premarket after the refiner reported record quarterly profit and appointed Steve Ledbetter as CEO. Third-quarter adjusted profit was $11.75 per share, versus analysts’ average estimate of $7.65.
1. Record quarterly profit
HF Sinclair reported its highest-ever quarterly profit, as elevated refining margins boosted earnings. Third-quarter adjusted refinery gross margin was $54.22 per barrel, compared with $19.16 a year earlier. The company appointed Steve Ledbetter as CEO.
