Refining Margin Squeeze Hits HF Sinclair's Q2 Bottom Line: Details
Refining Margin Squeeze Hits HF Sinclair's Q2 Bottom Line: Details
The Refining segment's adjusted EBITDA fell to $186.9 million from $732.4 million a year earlier due to reduced refinery gross margins in the West and Mid-Continent regions caused by high industry-wide refining utilization rates.HF Sinclair Corporation (NYSE:DINO) shares are trading lower after it reported second-quarter FY24 results.
HF Sinclair公司（NYSE：DINO）的股票在发布第二季度FY24财报后出现下跌。
Revenues remained flat Y/Y at $7.845 billion, beating the consensus of $7.649 billion.
收入维持在78.45亿美元，同比持平，超过预期的76.49亿美元。
Adjusted EBITDA fell 53% Y/Y to $405.8 million in the quarter.
第二季度经调整的EBITDA同比下降53％，至40580万美元。
The Refining segment's adjusted EBITDA fell to $186.9 million from $732.4 million a year earlier due to reduced refinery gross margins in the West and Mid-Continent regions caused by high industry-wide refining utilization rates.
由于行业广泛提高的炼油利用率导致西部和中部地区精炼毛利下降，炼油板块的调整后的EBITDA从去年的73240万美元下降至18690万美元。
Lubricants and Specialty Products segment EBITDA rose to $97.06 million from $70.89 million a year ago, led by higher sales volumes, optimized sales mix, and base oil integration.
润滑油和特种产品板块EBITDA从去年的7089万美元增长至9706万美元，主要得益于销售量的增加、销售结构的优化和基础油一体化。
Renewables segment adjusted EBITDA stood at $2.2 million vs. $(11.3) million the prior year. Marketing segment EBITDA was $15.5 million compared to $24.6 million a year ago.
可再生能源板块调整后的EBITDA为220万美元，而上一年同期为亏损1130万美元。市场营销板块EBITDA为1550万美元，而去年同期为2460万美元。
Adjusted EPS of $0.78 beat the consensus of $0.71.
每股收益（EPS）为0.78美元，超过预期的0.71美元。
Operating cash flow stood at $225.9 million in the quarter. As of June-end, the company had $866.3 million in cash and equivalents.
第二季度经营现金流为2.259亿美元。截至六月底，该公司的现金及等价物为8,6630万美元。
The company paid $467.1 million to stockholders through dividends and share repurchases in the second quarter.
该公司在第二季度通过股息和股票回购向股东支付了4,6710万美元。
Dividend: DINO declared a dividend of $0.50 per share, payable on September 5, to holders of record as of August 21.
股息：DINO宣布每股派发0.50美元的股息，股权登记日为8月21日，分配日为9月5日。
HF Sinclair's Chief Executive Officer, Tim Go, said, "Our second quarter, 2024 performance reflects continued progress on our commitment to deliver safe and reliable operations, resulting in higher utilization and lower operating costs per barrel in our refining business."
HF Sinclair的首席执行官Tim Go说：“我们的2024年第二季度业绩反映了我们致力于提供安全可靠运营的承诺，从而导致我们的精炼业务每桶运营成本下降。”
"We are seeing the benefits of our strategic initiatives across all of our businesses, including strong contributions from our Lubricants & Specialties and Midstream business segments again this quarter."
“我们正在看到我们在所有业务领域的战略举措的好处，包括我们的润滑油和特种产品以及中游行业板块在本季度再次做出的强烈贡献。”
Investors can gain exposure to the stock via VanEck Oil Refiners ETF (NYSE:CRAK) and First Trust Energy AlphaDEX Fund (NYSE:FXN).
投资者可以通过VanEck Oil Refiners ETF（NYSE：CRAK）和第一信托能源AlphaDEX基金（NYSE：FXN）获得该股票的风险暴露。
Price Action: DINO shares are down 3.81% at $49.51 at the last check Thursday.
截至周四最后一次查询，DINO的股票下跌3.81％至49.51美元。
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