Refiner HF Sinclair gains on Q1 profit beat

Holly Energy Partners LP

04/05/2023 13:02

** Shares of U.S. oil refiner HF Sinclair Corp  DINO.N  up
2.12% at $42.8 premarket
    ** Co's Q1 adj. EPS of $2/shr beats analysts' average
expectations of $1.52/shr on higher margins - Refinitiv 
    ** Q1 gross margin jumped 87% to $23.70 per produced barrel,
says DINO
    ** Separately, DINO submitted a non-binding proposal to
Holly Energy Partners LP  HEP.N  to acquire all outstanding
shares not owned by the company
    ** Up to last close, stock had fallen ~19% YTD 

 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))