By: Journal Record Staff//August 5, 2015//
DALLAS – HollyFrontier Corp. on Wednesday reported net income attributable to stockholders for the second quarter of $360.8 million, or $1.88 per diluted share, up from $176.4 million, or 89 cents per diluted share, for the second quarter of 2014.
Results for the second quarter included a non-cash inventory valuation adjustment that increased earnings by $82.7 million, after-tax, or 43 cents per share.
Dallas-based HollyFrontier operates two refineries in Tulsa with capacity of 125,000 barrels per stream day. HollyFrontier also has refineries in El Dorado, Kansas; Artesia, New Mexico; Cheyenne, Wyoming; and Woods Cross, Utah.
Revenue for the second quarter totaled $3.7 billion, down from $5.4 billion for the second quarter of 2014.
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