07:07 AM EDT, 05/08/2024 (MT Newswires) -- HF Sinclair ( DINO ) reported Q1 adjusted earnings Wednesday of $0.71 per diluted share, down from $2.00 a year earlier.

Analysts polled by Capital IQ expected $0.67.

Sales and other revenue for the quarter ended March 31 were $7.03 billion, down from $7.57 billion a year earlier.

Analysts surveyed by Capital IQ expected $7.68 billion.

The energy company maintained its quarterly regular dividend at $0.50 per share, payable June 5 to shareholders of record as of May 22.

Additionally, HF Sinclair ( DINO ) said its board approved Tuesday a $1 billion share buyback plan effective the same day. The new plan replaces all other buyback plans of which there were about $214.2 million remaining, the company added.

Shares of the company were up 3.5% in recent Wednesday premarket activity.

Price: 56.75, Change: +1.90, Percent Change: +3.46