HF Sinclair Q3: Earnings Beat, 19% Revenue Decline, EBITDA Drop & More

HF Sinclair Corporation (NYSE:DINO) reported a third-quarter revenue decline of 19% year over year to $7.207 billion, beating the consensus of $6.833 billion.

Adjusted EBITDA fell 74% YoY to $316 million in the quarter. The Refining segment’s adjusted EBITDA fell to $110 million from $1.01 billion a year earlier due to reduced refinery gross margins in the West and Mid-Continent regions caused by high global supply of transportation fuels across the industry.

Lubricants and Specialty Products segment ...