HollyFrontier (HFC) Posts Q1 Loss of $0.26/Share
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HollyFrontier Corporation Reports Quarterly Results
May 3, 2017 6:30 AM UTCDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported first quarter net loss attributable to HollyFrontier stockholders of $(45.5) million or $(0.26) per diluted share for the quarter ended March 31, 2017, compared to net income of $21.3 million or $0.12 per diluted share for the quarter ended March 31, 2016.
The first quarter included several special items that reduced net income by a total of $12.0 million. On a pre-tax basis, these items included a lower of cost or market inventory valuation charge of $11.8 million, direct acquisition and integration costs of Petro-Canada Lubricants Inc. (PCLI) totaling $15.6 million, incremental cost of... More
