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HF Sinclair and the US refining sector appear strong given high refinery utilization rates and recent earnings. However, DINO share price has recently declined on poor outlook and weak momentum.
Vertical integration throughout midstream and downstream allow this company a certain amount of recession resistance. It has a good dividend with a very sustainable payout ratio, along with share buybacks that haven't been reflected in the price.
HF Sinclair (DINO) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $0.99 per share a year ago.
Exposure to refining strength is likely to have boosted HF Sinclair's (DINO) profit levels in the first quarter though higher costs might have neutralized those positives.
DINO, XOM and FANG are three fundamentally and operationally strong energy companies that should enable you to live off dividends through sector volatility.
DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”), plan to announce results for the quarter ending March 31, 2023 on May 4, 2023, before the opening of trading on the NYSE. HF Sinclair and HEP have scheduled a joint webcast conference on May 4, 2023 at 8:30 a.m. Eastern time to discuss financial results. This webcast may be accessed at: https://events.q4inc.
HF Sinclair Corporation (NYSE:DINO ) Q4 2022 Results Conference Call February 24, 2023 8:30 AM ET Company Participants Craig Biery - VP, IR Mike Jennings - CEO Atanas Atanasov - CFO Tim Go - President, COO John Harrison - VP, Finance, Strategy & Treasurer Conference Call Participants Doug Leggate - Bank of America John Royall - JP Morgan Matthew Blair - TPH Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Ryan Todd - Piper Sandler Theresa Chen - Barclays Doug Irwin - Citi Operator Welcome to HF Sinclair Corporation and Holly Energy Partners Fourth Quarter 2022 Conference Call and Webcast. Hosting the call today is Mike Jennings, Chief Executive Officer of HF Sinclair and Holly Energy Partners.
HF Sinclair (DINO) delivered earnings and revenue surprises of -17.27% and 17.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
HF Sinclair has consistently posted strong quarterly results, exceeding earnings and revenue estimates in each of its last three quarters.
Exposure to strong refining margins is likely to have boosted HF Sinclair's (DINO) profit levels in the fourth quarter.