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HF Sinclair Corp [DINO] has reported a net loss of $1.7 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $32.0 billion
Based in DALLAS, Texas, HF Sinclair Corp operates in the TRANSPORT sector.
The consolidated income statement for the fiscal year ended December 31, 2023, compared to the previous years, shows the following key figures in millions of USD:
- Sales and other revenues for the year ended December 31, 2023, were $31,964.40 million, a decrease from $38,204.84 million in 2022 and an increase from $18,389.14 million in 2021.
- Cost of products sold, excluding depreciation and amortization, was $26,054.87 million in 2023, down from $30,732.43 million in 2022 and up from $15,256.93 million in 2021.
- Total operating expenses, excluding depreciation and amortization, amounted to $2,438.15 million in 2023, higher than the $2,334.89 million in 2022 and the $1,517.48 million in 2021.
- Income from operations was $2,202.57 million in 2023, a decrease from $4,054.25 million in 2022 but a significant increase from $749.19 million in 2021.
- Net income attributable to HF Sinclair stockholders for the year ended December 31, 2023, was $1,589.67 million, lower than the $2,922.67 million in 2022 but higher than $558.32 million in 2021.
- Basic and diluted earnings per share for the year 2023 stood at $8.29, down from $14.28 in 2022 but higher than $3.39 in 2021.
The financial results reflect a mixed performance for the company in the most recent fiscal year, with a decline in sales and net income, partly offset by cost reductions and a solid operating performance compared to the previous year.
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