Wednesday, 31 October 2012

4. HollyFrontier

HollyFrontier
HollyFrontier
 
3-year average:
Revenue Growth: 51%
Profit Growth: 93%
Total Return: 64%
In July 2011, oil refiners Holly Corporation and Frontier Oil finalized a highly synergistic merger that created a super refiner with operations throughout the mid-continent, south western and Rocky Mountain regions. The new HollyFrontier Corp. was quick to capitalize on an unprecedented glut of oil that had come about at land-locked Cushing, Oklahoma. The net effect of this year-long anomaly was to hand a considerable raw-materials cost advantage to refiners that sourced their crude inland rather than from the coast. Among them: HollyFrontier, which recorded a 90% increase in revenue in 2011, swiftly followed by a 185% hike in revenue in the first quarter. -- N.S.
Get stock quote: HFC Revenue ($ millions): $18,045
Net Income ($ millions): $1,180
Sectors: Energy

No comments:

Post a Comment