HollyFrontier Corp. (HFC) posted second-quarter net income attributable to HollyFrontier stockholders of $493.5 million or $2.39 per share versus $192.24 million or $1.79 per share last year. On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $2.25 per share. Analysts' estimates typically exclude special items.
The growth in net income principally reflects increased operating scale due to the company's July 2011 merger, higher second quarter refining margins as well as sustained differentials between inland and coastal-sourced crude oils.
Sales and other revenues grew to $4.81 billion from $2.97 billion in the prior-year quarter. Analysts expected revenues of $5.09 billion.
HollyFrontier's President & CEO Mike Jennings commented, "We are extremely pleased with our outstanding second quarter results, reaching near all-time highs. For the quarter, sustained heavy crude oil differentials as well as inland to coastal crude oil differentials helped drive product margins to near record levels..."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.