Last $44.41 USD
Change Today +2.16 / 5.11%
Volume 6.0M
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As of 6:40 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

hollyfrontier corp (HFC) Key Developments

Hollyfrontier Corporation Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capex Guidance for 2015; Provides Production Guidance for the First Quarter of 2015

HollyFrontier Corporation reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. The company reported a fourth quarter net loss attributable to HollyFrontier stockholders of $222.2 million or $1.13 per diluted share for the quarter ended December 31, 2014 compared to net income of $62.9 million or $0.31 per diluted share for the quarter ended December 31, 2013. Sales and other revenues were $4,283.119 million against $4,826.801 million a year ago. Loss from operations was $354.418 million against income of $87.123 million a year ago. Loss before income taxes was $361.335 million against income of $74.705 million a year ago. LBITDA was $263.408 million against EBITDA of $158.095 million a year ago. Fourth quarter capital expenditures totaled $178 million, which excludes AGP's $18 million capital spend. Net cash used for operations totaled $47.3 million. Consolidated debt was $1.1 billion, as at December 31, 2014. For the year, the company reported Sales and other Revenue was $19,764.327 million against $20,160.560 million a year ago. Income from operations was $515.534 million against $1,246.074 million a year ago. Income before income taxes was $467.500 million against $1,159.399 million a year ago. Net income attributable to HollyFrontier stockholders was $281.292 million or $1.42 diluted per share against $735.842 million or $3.64 diluted per share a year ago. EBITDA was $832.738 million against $1,515.467 million a year ago. This takes the full year capital expenditure to $485 million, excluding AGP's $18 million capital. In 2015, the company expects to spend $650 million in capital and additionally $70 million on tanks and turnarounds. For the first quarter 2015, the company expects to run 400,000 barrels per day of crude with 27% of the slate being sour and another 20% being WCS and black wax crude.

HollyFrontier Corporation Declares Regular Quarterly Cash Dividend, Payable on March 24, 2015

HollyFrontier Corporation announced that its Board of Directors declared a regular quarterly dividend in the amount of $0.32 per share, payable on March 24, 2015 to holders of record of common stock on March 10, 2015.

HollyFrontier Corporation to Report Q4, 2014 Results on Feb 25, 2015

HollyFrontier Corporation announced that they will report Q4, 2014 results at 8:30 AM, US Eastern Standard Time on Feb 25, 2015

HollyFrontier Corporation, Q4 2014 Earnings Call, Feb 25, 2015

HollyFrontier Corporation, Q4 2014 Earnings Call, Feb 25, 2015

Citgo Reportedly Valued At More Than $10 Billion In Revised Bids

CITGO Petroleum Corporation has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. The companies that made bids in December include HollyFrontier Corporation (NYSE:HFC), Valero Energy Corporation (NYSE:VLO), Marathon Petroleum Corporation (NYSE:MPC) and a consortium of TPG Capital, L.P. and Riverstone Holdings LLC, the people familiar with the matter said. Lazard Ltd (LAZ.N), the investment bank hired by Venezuela's state-run Petróleos de Venezuela S.A. to explore a sale of Citgo, has not told bidders if there will be an additional round of bids, the people familiar with the matter said.

 

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