HF Sinclair posts bigger-than-expected loss on lower refining margins

Reuters
02-20
HF Sinclair posts bigger-than-expected loss on lower refining margins

Feb 20 (Reuters) - Refiner HF Sinclair DINO.N posted a bigger-than-expected fourth-quarter loss on Thursday, hurt by a slump in refining margins and a rise in global capacity.

On an adjusted basis, the Dallas-based company reported a loss of $1.02 per share for the quarter ended December, compared with analysts' estimates of a loss of 90 cents, according to data compiled by LSEG.

(Reporting by Seher Dareen in Bengaluru; Editing by Devika Syamnath)

((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128;))

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