Refiner’s margins tighten, leading to a loss in the fourth quarter

  • HF Sinclair swings to a loss in the fourth quarter
  • Revenue declines as refiner margins tighten
  • Loss of $62.2 million, compared to net income of $587 million in the same quarter last year
  • Adjusted earnings of 87 cents a share, beating analyst expectations
  • Revenue falls to $7.66 billion, missing analyst forecasts

HF Sinclair, a petroleum refiner, reported a loss of $62.2 million in the fourth quarter, compared to net income of $587 million in the same quarter last year. The company’s revenue declined to $7.66 billion, missing analyst forecasts. The loss was attributed to lower refinery gross margins in both the West and Mid-Continent regions. However, adjusted earnings were 87 cents a share, beating analyst expectations.

Factuality Level: 9
Factuality Justification: The article provides clear and concise information about HF Sinclair swinging to a loss in the fourth quarter due to lower base of revenue and tightening refiner margins. It includes relevant financial figures, analyst expectations, and reasons for the loss without any apparent bias or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about HF Sinclair swinging to a loss in the fourth quarter due to lower base of revenue and tightening refiner margins. It includes key financial figures, analyst expectations, and reasons for the loss. The article stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people, hence the noise level is slightly higher.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the financial performance of HF Sinclair, a petroleum refiner. It mentions a loss in the fourth quarter and lower revenue, which can impact the company’s stock price and investor sentiment.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not describe any extreme event. It focuses on the financial performance of HF Sinclair.
Public Companies: HF Sinclair (N/A)
Key People: Dean Seal (Author)

Reported publicly: www.marketwatch.com