HollyFrontier (HFC) Tops Q3 EPS by 10c

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Go back to HollyFrontier (HFC) Tops Q3 EPS by 10c

HollyFrontier Corporation Reports Quarterly Net Income

November 5, 2015 6:30 AM EST

DALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported third quarter net income attributable to HollyFrontier stockholders of $196.3 million or $1.04 per diluted share for the quarter ended September 30, 2015, compared to $175.0 million or $0.88 per diluted share for the quarter ended September 30, 2014. Included in the current quarter results was a non-cash inventory valuation charge that decreased after-tax earnings by $146.3 million, or $0.78 per share. Excluding this inventory valuation charge, after-tax earnings was $342.6 million, or $1.82 per share.

For the third quarter, net income attributable to our stockholders, excluding the lower of cost or market inventory valuation... More