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Why Energy Company HF Sinclair Shares Are Surging Wednesday

HF Sinclair Corporation (NYSE:DINO) shares are trading higher after it reported first-quarter FY24 results. Revenues declined 7% Y/Y to $7.027 billion, missing the consensus of $7.542 billion. Adjusted EBITDA fell 43% Y/Y to $399.1 million in the quarter. Adjusted EPS of $0.71 beat the consensus of $0.65. The Refining segment adjusted EBITDA declined to $208.8 million from $537.0 million a year ago, owing to lower refinery gross margins in both the West ...