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HF Sinclair posts lower second-quarter profit
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HF Sinclair posts lower second-quarter profit
Aug 1, 2024 4:16 AM

Aug 1 (Reuters) - Refiner HF Sinclair reported

a lower second-quarter profit on Thursday, hurt by a slump in

margins due to a tepid summer driving season and a rise in

global refining capacity.

The Dallas-based company posted a net income of $151.8

million, or 79 cents per share, in the quarter ending June,

compared with $507.7 million, or $2.62 per share, a year

earlier.

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