HollyFrontier Corp. on Aug. 1 reported adjusted net income attributable to its stockholders of $372.3 million, or $2.18 per share, for the second quarter, up from $258.9 million, or $1.45 per share, a year ago.
The Texas-based refiner beat the S&P Global Market Intelligence normalized consensus EPS estimate of $1.63 for the quarter.
On a GAAP basis, the company had a net income attributable to HollyFrontier stockholders of $196.9 million, down from $345.5 million in the prior-year period.
Sales and other revenues totaled $4.78 billion for the quarter, topping $4.47 billion a year earlier.
President and CEO George Damiris said the results were driven by strong gasoline and diesel margins.