HF Sinclair Reports Surprise Q1 Profit on High Margins
The U.S. refiner reported an adjusted profit of 69 cents per share for the first quarter. This beat analyst expectations of a 6 cent loss due to high margins.
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HF SINCLAIR CORP reported a first-quarter adjusted profit of $0.69 per share on Friday midday. The result beat LSEG estimates of a $0.06 loss per share for the three months ended March 31. Stronger refining margins in the United States offset broader market volatility to deliver the surprise bottom-line beat.
