October 31, 2019 / 10:46 AM / 22 days ago

HollyFrontier reports 21% drop in quarterly adjusted profit

Oct 31 (Reuters) - U.S. refiner HollyFrontier Corp reported a 20.7% fall in quarterly adjusted profit on Thursday, as a shortage of low-cost heavy crude hit its refining margins.

Total refining gross margin fell 3.7% to 769.8 million in the third quarter.

Adjusted net income attributable to the company’s shareholders fell to $278 million, or $1.68 per share, in the quarter ended Sept. 30, from $350.7 million, or $1.98 per share, a year earlier. (Reporting by Shradha Singh in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below