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HollyFrontier: 4Q Earnings Snapshot

DALLAS (AP) _ HollyFrontier Corp. (HFC) on Wednesday reported fourth-quarter net income of $141.9 million.

On a per-share basis, the Dallas-based company said it had profit of 81 cents. Earnings, adjusted for non-recurring costs, came to $2.25 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.

The independent energy company posted revenue of $4.34 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $5.86 billion.

For the year, the company reported profit of $1.1 billion, or $6.19 per share. Revenue was reported as $17.71 billion.

HollyFrontier shares have climbed 13 percent since the beginning of the year. The stock has increased 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HFC at https://www.zacks.com/ap/HFC