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HF Sinclair Q2 Adjusted Earnings, Revenue Rise; Dividend Raised

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HF Sinclair (DINO) reported Q2 adjusted earnings Tuesday of $5.31 per share, up from $1.70 a year earlier.

Analysts surveyed by FactSet expected $4.49.

Revenue for the quarter ended June 30 was $10.39 billion, up from $6.78 billion a year earlier.

Analysts polled by FactSet expected $8.68 billion.

The company also said it has raised its quarterly dividend by 5% to $0.525 a share, payable Sept. 2 to holders of record Aug. 11.

Shares of the company were up 5% in recent Tuesday premarket activity.

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