HF Sinclair (DINO) Stock

DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) will release its financial results for the quarter ending December 31, 2024, on February 20, 2025, before the NYSE opens. They have also arranged a webcast conference on the same day at 8:30 a.m. Eastern time to go over these results. You can access the webcast at: https://events.q4inc.com/attendee/802238415, and an audio recording will be available at the same link afterward.

DALLAS, Jan. 8, 2025 /PRNewswire/ -- HF Sinclair Corporation (NYSE: DINO) has revealed that it is raising the total purchase price for its cash tender offer to a maximum of $1.05 billion, up from the earlier amount of $900 million. This Tender Offer is aimed at the outstanding notes listed in the accompanying table, which are referred to as the "Notes" and categorized by series. The offer is also subject to the 2027 Notes Tender Cap mentioned in the table.

DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) has announced that it has set the price for an offering of $1.4 billion in senior notes. This includes $650 million in 5.750% Senior Notes maturing in 2031 and $750 million in 6.250% Senior Notes maturing in 2035. The public prices for these notes are 99.667% and 99.475%, respectively.

HF Sinclair (DINO) has been upgraded to a BUY rating as its stock reaches my earlier target of $33-$35 per share, even though the fourth quarter is likely to be the weakest. Since December, crack spreads have been steadily improving, which could lead to better margins and profits in the refining industry. Additionally, high trading volume in late December points to a change in market trends, with hopes for greater profitability in 2025.

The most undervalued stocks in the energy sector offer a chance to invest in companies that are currently being sold for less than their worth. This situation creates a good opportunity for buyers.

SALT LAKE CITY--(BUSINESS WIRE)--Sinclair Oil, a brand of HF Sinclair (NYSE: DINO), has revealed a new partnership with Folds of Honor, a nonprofit that provides educational scholarships to families of fallen or disabled service members and first responders. From November 11 to December 31, 2024, customers can support this cause by refueling at select Sinclair-branded stations, where a part of the sale will be donated.

HF Sinclair experienced a net loss in the third quarter because of low crack spreads. However, this loss was balanced out by better results in the mid-con region and steady earnings from its lubricants and midstream sectors. With refineries in California shutting down due to regulations and high expenses, DINO's assets in the Midwest could gain from the reduced supply.

The transcript of HF Sinclair Corporation's (DINO) earnings call for the third quarter of 2024 is available.

HF Sinclair (DINO) reported quarterly earnings of $0.51 per share, which is higher than the Zacks Consensus Estimate of $0.29 per share. In comparison, the company earned $4.06 per share during the same period last year.