HF Sinclair Corporation (NYSE:DINO) has announced the appointment of Jeanne M. Johns as an independent director to its board, effective February 13, 2024. This appointment increases the size of the board to thirteen directors and the number of independent directors from ten to eleven. Ms. Johns brings with her a wealth of executive management and board experience, as well as significant corporate and international business experience across various industries, particularly in refining and the oil & gas sector.
Commenting on the appointment, Franklin Myers, Chairperson of the Board, stated, "Jeanne is an accomplished business leader. She brings strong executive and industry experience and expertise to the HF Sinclair board. We look forward to her contributions to our board and HF Sinclair."
In addition to the appointment, Norman J. Szydlowski delivered his offer to resign as a member of the board, which was accepted by the board, effective as of HF Sinclair’s 2024 annual meeting of stockholders. Myers expressed gratitude for Szydlowski's service and contributions to HF Sinclair, acknowledging him as a valued member of the board.
HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel, and other specialty products. The company owns and operates refineries in several U.S. states and markets its refined products primarily in the southwest U.S., the rocky mountains, and neighboring plains states. It supplies high-quality fuels to over 1,500 branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. Additionally, its subsidiaries produce and market base oils and other specialized lubricants in the U.S., Canada, and the Netherlands, exporting products to more than 80 countries. The company also provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to its refineries and the petroleum industry.
The company's shares have moved 1.3% and are now trading at a price of $59.52.
The company's full 8-K submission is available here.
| 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue (MM) | $17,487 | $18,389 | $38,205 | $33,289 |
| Revenue Growth | n/a | 5.16% | 107.76% | -12.87% |
| Operating Margins | 7% | 4% | 11% | 9% |
| Net Margins | 4% | 3% | 8% | 7% |
| Net Income (MM) | $772 | $558 | $2,923 | $2,239 |
| Net Interest Expense (MM) | $143 | $125 | $176 | $198 |
| Depreciation & Amort. (MM) | $334 | $329 | $657 | $735 |
| Earnings Per Share | $4.61 | $3.39 | $14.28 | $12.14 |
| EPS Growth | n/a | -26.46% | 321.24% | -14.99% |
| Diluted Shares (MM) | 167 | 163 | 203 | 185 |
| Free Cash Flow (MM) | $1,285 | -$318 | $3,292 | $2,643 |
| Capital Expenditures (MM) | $264 | $725 | $485 | $338 |
HF Sinclair has rapidly growing revenues and increasing reinvestment in the business and exceptional EPS growth. Additionally, the company's financial statements display generally positive cash flows and an excellent current ratio of 2.13. Furthermore, HF Sinclair has weak operating margins with a positive growth rate.
