Refining Margin Squeeze Hits HF Sinclair's Q2 Bottom Line: Details
Refining Margin Squeeze Hits HF Sinclair's Q2 Bottom Line: Details
HF Sinclair Corporation (NYSE:DINO) shares are trading lower after it reported second-quarter FY24 results.
HF Sinclair公司（NYSE：DINO）的股票在發佈第二季度FY24業績後出現下跌。
Revenues remained flat Y/Y at $7.845 billion, beating the consensus of $7.649 billion.
收入維持在78.45億美元，同比持平，超過預期的76.49億美元。
Adjusted EBITDA fell 53% Y/Y to $405.8 million in the quarter.
第二季度經調整的EBITDA同比下降53％，至40580萬美元。
The Refining segment's adjusted EBITDA fell to $186.9 million from $732.4 million a year earlier due to reduced refinery gross margins in the West and Mid-Continent regions caused by high industry-wide refining utilization rates.
由於行業廣泛提高的煉油利用率導致西部和中部地區精煉毛利下降，煉油板塊的調整後的EBITDA從去年的73240萬美元下降至18690萬美元。
Lubricants and Specialty Products segment EBITDA rose to $97.06 million from $70.89 million a year ago, led by higher sales volumes, optimized sales mix, and base oil integration.
潤滑油和特種產品板塊EBITDA從去年的7089萬美元增長至9706萬美元，主要得益於銷售量的增加、銷售結構的優化和基礎油一體化。
Renewables segment adjusted EBITDA stood at $2.2 million vs. $(11.3) million the prior year. Marketing segment EBITDA was $15.5 million compared to $24.6 million a year ago.
可再生能源板塊調整後的EBITDA爲220萬美元，而上一年同期爲虧損1130萬美元。市場營銷板塊EBITDA爲1550萬美元，而去年同期爲2460萬美元。
Adjusted EPS of $0.78 beat the consensus of $0.71.
每股收益（EPS）爲0.78美元，超過預期的0.71美元。
Operating cash flow stood at $225.9 million in the quarter. As of June-end, the company had $866.3 million in cash and equivalents.
第二季度經營現金流爲2.259億美元。截至六月底，該公司的現金及等價物爲8,6630萬美元。
The company paid $467.1 million to stockholders through dividends and share repurchases in the second quarter.
該公司在第二季度通過股息和股票回購向股東支付了4,6710萬美元。
Dividend: DINO declared a dividend of $0.50 per share, payable on September 5, to holders of record as of August 21.
股息：DINO宣佈每股派發0.50美元的股息，股權登記日爲8月21日，分配日爲9月5日。
HF Sinclair's Chief Executive Officer, Tim Go, said, "Our second quarter, 2024 performance reflects continued progress on our commitment to deliver safe and reliable operations, resulting in higher utilization and lower operating costs per barrel in our refining business."
HF Sinclair的首席執行官Tim Go說：“我們的2024年第二季度業績反映了我們致力於提供安全可靠運營的承諾，從而導致我們的精煉業務每桶運營成本下降。”
"We are seeing the benefits of our strategic initiatives across all of our businesses, including strong contributions from our Lubricants & Specialties and Midstream business segments again this quarter."
“我們正在看到我們在所有業務領域的戰略舉措的好處，包括我們的潤滑油和特種產品以及中游行業板塊在本季度再次做出的強烈貢獻。”
Investors can gain exposure to the stock via VanEck Oil Refiners ETF (NYSE:CRAK) and First Trust Energy AlphaDEX Fund (NYSE:FXN).
投資者可以通過VanEck Oil Refiners ETF（NYSE：CRAK）和第一信託能源AlphaDEX基金（NYSE：FXN）獲得該股票的風險暴露。
Price Action: DINO shares are down 3.81% at $49.51 at the last check Thursday.
截至週四最後一次查詢，DINO的股票下跌3.81％至49.51美元。
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譯文內容由第三人軟體翻譯。