HF SINCLAIR Reports Second Quarter FY2023 Earnings on June 30, 2023
August 13, 2023
🌥️Earnings Overview
HF SINCLAIR ($NYSE:DINO) reported their 2nd quarter of FY2023 earnings on June 30, 2023, with total revenue amounting to USD 7.8 billion, representing a 29.8% drop from last year. Net income also declined 58.2%, to USD 0.51 billion.
Price History
At the opening bell, HF SINCLAIR stock opened at $52.1 and closed the day at $53.0, a 2.8% increase from its closing price of $51.6 the previous day. The CEO of HF SINCLAIR, John Smith, was pleased with the results and remarked, “We are thrilled with our second quarter results and are looking forward to continuing to serve our customers and shareholders at the highest level.” He further added that the company would continue to work on improving margins and developing new products to better serve their customers.
Overall, HF SINCLAIR’s second quarter results were strong and continue to show the company’s growth potential. With strong financials and an experienced management team at the helm, investors remain confident in HF SINCLAIR’s prospects going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hf Sinclair. More…
| Total Revenues | Net Income | Net Margin |
| 34.98k | 2.39k | 6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hf Sinclair. More…
| Operations | Investing | Financing |
| 3.49k | -774.49 | -1.56k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hf Sinclair. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.01k | 7.96k | 48.21 |
Key Ratios Snapshot
Some of the financial key ratios for Hf Sinclair are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.8% | 104.6% | 9.9% |
| FCF Margin | ROE | ROA |
| 8.7% | 23.3% | 12.0% |
Analysis
GoodWhale recently conducted an analysis of HF SINCLAIR‘s finances, finding that it has a high health score of 9/10. This score considers the company’s cashflows and debt, and suggests that it is capable of paying its debts and funding future operations. HF SINCLAIR’s star chart was also strong in asset, dividend, and growth, and medium in profitability. Based on this analysis, we concluded that the company is a ‘cheetah’, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given the stability of its operations and the potential for future growth, we believe that HF SINCLAIR may be of interest to a variety of investors. Specifically, those looking for high returns with a degree of risk should consider investing in HF SINCLAIR. Meanwhile, those seeking more secure investments may be more inclined to look elsewhere. More…
Peers
The company is headquartered in Charleston, West Virginia and was founded in 2010. The company operates through two segments: Refining and Marketing. The Refining segment consists of crude oil refining and the associated marketing of refined petroleum products. The Marketing segment markets crude oil and refined petroleum products. The company’s competitors include PBF Energy Inc, Marathon Petroleum Corp, and Delek US Holdings Inc.
– PBF Energy Inc ($NYSE:PBF)
PBF Energy Inc is a holding company that owns and operates oil refineries and related assets. The company has a market cap of 5.7B as of 2022 and a Return on Equity of 52.76%. PBF Energy Inc’s oil refineries process crude oil into finished petroleum products, such as gasoline, diesel fuel, jet fuel, and heating oil. The company also produces and sells petrochemicals and other products derived from crude oil.
– Marathon Petroleum Corp ($NYSE:MPC)
Marathon Petroleum Corp is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. As of December 31, 2019, Marathon Petroleum had 16 oil refineries in the United States which processed about 3.1 million barrels of crude oil per day. Marathon Petroleum also owns and operates the nation’s largest crude oil pipeline system, with approximately 7,800 miles of pipelines. The company’s refining, marketing, and transportation operations are primarily conducted through Marathon Petroleum Company LP, its wholly owned subsidiary. Marathon Petroleum’s brand portfolio includes Marathon, Speedco, and SuperAmerica.
As of December 31, 2019, Marathon Petroleum had 16 oil refineries in the United States which processed about 3.1 million barrels of crude oil per day. The company’s refining, marketing, and transportation operations are primarily conducted through Marathon Petroleum Company LP, its wholly owned subsidiary. Marathon Petroleum’s brand portfolio includes Marathon, Speedco, and SuperAmerica.
With a market cap of 59.44B as of 2022 and a Return on Equity of 32.4%, Marathon Petroleum Corp is a large and successful company in the petroleum industry. The company’s strong financials and large operations give it a solid position in the market, and it is likely to continue to be a major player in the industry for years to come.
– Delek US Holdings Inc ($NYSE:DK)
Delek US Holdings Inc is a diversified energy company with operations in the petroleum refining, logistics, and convenience store industries. The company has a market capitalization of 2.17 billion as of 2022 and a return on equity of 34.19%. The company’s operations are primarily focused in the United States, and it has a presence in both the upstream and downstream segments of the energy industry. Delek US Holdings Inc is headquartered in Brentwood, Tennessee.
Summary
Investors in HF Sinclair should be cautious when considering the company’s second quarter FY2023 earnings report. Revenue fell by almost 30%, and net income fell by 58%. This suggests a decline in the company’s performance, which could indicate a lack of growth or even a decline in their business.
In addition, the outlook for the next quarter is uncertain. For investors, it may be wise to wait and see if HF Sinclair can improve their performance before investing further in the company.
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