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HollyFrontier: 2Q Earnings Snapshot

August 1, 2019

DALLAS (AP) _ HollyFrontier Corp. (HFC) on Thursday reported second-quarter profit of $196.9 million.

On a per-share basis, the Dallas-based company said it had net income of $1.15. Earnings, adjusted for non-recurring costs, were $2.18 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.

The independent energy company posted revenue of $4.78 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $4.58 billion.

HollyFrontier shares have fallen nearly 3% since the beginning of the year. The stock has fallen 33% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HFC at https://www.zacks.com/ap/HFC

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