{"id":1989452,"date":"2023-08-03T07:39:02","date_gmt":"2023-08-03T11:39:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hf-sinclair-profit-declines-on-lower-refining-margins\/"},"modified":"2023-08-03T07:40:58","modified_gmt":"2023-08-03T11:40:58","slug":"hf-sinclair-profit-declines-on-lower-refining-margins","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hf-sinclair-profit-declines-on-lower-refining-margins\/","title":{"rendered":"HF Sinclair&#8217;s profits have dropped due to reduced refining margins."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhf-sinclair-profit-declines-on-lower-refining-margins%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1989452&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) -HF Sinclair on Thursday joined bigger rivals in reporting a fall in second-quarter \u2063profit as margins slipped \u200bfrom last year\u2019s peaks that\u200b were driven by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tech-stocks-suffer-worst-weekly-losing-streak-since-dot-com-bust\/\" title=\"Tech Stocks Suffer Worst Weekly Losing Streak Since Dot-Com Bust\">supply shortages due<\/a> to the \u200bRussia-Ukraine conflict.<\/p>\n<p>Refiners last year posted bumper profits,\u200d benefiting from strong pricing after\u2063 Russia\u2019s invasion of Ukraine strained fuel \u200bsupplies that were\u2063 already <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/life-or-death-for-these-kids-i-talked-to-3-moms-who-cant-find-formula-to-feed-their-children\/\" title=\"\u2018Life Or Death For These Kids\u2019: I Talked To 3 Moms Who Can\u2019t Find Formula To Feed Their Children\">running low due<\/a> to\u2064 reopening economies across the world after a long pandemic-led shutdown.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>HF said <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hf-sinclair-profit-declines-on-lower-refining-margins\/\" title=\"HF Sinclair's profits have dropped due to reduced refining margins.\">consolidated refinery gross margin stood<\/a> at\u200b $22.22 per produced barrel, \u200ca \u200b39%\u200c fall from a year earlier. <\/p>\n<p>The \u2064Dallas, Texas-based company said net income \u200cattributable to stockholders fell to $507.7 million,\u2062 or\u200c $2.62 \u200cper share, for the three months ended June\u200b 30, \u200cfrom $1.22 billion, \u200cor $5.43 per share, a year earlier.<\/p>\n<p>  (Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini Ganguli)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/hf-sinclair-profit-declines\/attachment\/illustration-shows-hf-sinclair-corp-logo\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>The latest Trump Indictment \u2063may be built on Mike\u2062 Pence, while Marco Rubio\u200d points out the \u2064DOJ\u2019s double standard.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>President Joe Biden\u2019s Department of Justice indicts Former President Donald\u2062 J. Trump for a third time with\u200c many questioning the timing of it all<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>A longtime democrat lawmaker from New\u2062 York \u200cwho spent 36 years in the assembly said\u2063 he\u2019s leaving the part for the \u200bRepublican party.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>In \u200cthe second part of an exclusive interview, Oversight Committee member \u200cRepresentative Andy Biggs tells One America News after witnessing Devon Archer\u2019s closed-door\u2062 testimony, he is\u2063 convinced\u2063 Joe Biden was \u201ctaking a cut\u201d of hunter\u2019s business deals.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013 Apple\u2019s\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-presidential-candidate-vivek-ramaswamy-sues-doj-over-trump-indictment\/\" title=\"Vivek Ramaswamy, GOP candidate, sues DOJ for Trump indictment.\">high-yield savings account offered<\/a> by its partner Goldman\u200d Sachs has reached over $10\u200b billion in customer deposits, the technology\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013 Apple\u2019s high-yield savings account offered by \u200bits partner Goldman Sachs \u200bhas reached \u200cover\u200b $10 billion in customer deposits, the technology\u2026 \u2064 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013 Cognizant\u200c Technology \u2062Solutions forecast\u2064 third-quarter revenue above estimates on Wednesday as more businesses turn \u2062to the IT services provider to\u2026\u200c <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) \u2013 Cognizant Technology Solutions forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to\u2026 <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>low. However, this year, HF Sinclair and other refiners are experiencing a decline in second-quarter profit due to lower margins. Last year&#8217;s high profits were a result of supply shortages caused by the Russia-Ukraine conflict. The refiners had benefited from increased fuel prices following Russia&#8217;s invasion of Ukraine, which had already strained fuel supplies.<\/p>\n","protected":false},"author":66,"featured_media":1989453,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1989452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1989452"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1989453"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1989452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1989452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1989452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}