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HollyFrontier

OverviewSuggest Edit

HollyFrontier Corporation, headquartered in Dallas, Texas is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier operates through its subsidiaries a 135,000 barrels per stream day (“bpsd”) refinery located in El Dorado, Kansas, a 125,000 bpsd refinery in Tulsa, Oklahoma, a 100,000 bpsd refinery in Artesia, New Mexico, a 52,000 bpsd refinery in Cheyenne, Wyoming and a 45,000 bpsd refinery in Woods Cross, Utah. HollyFrontier markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. HollyFrontier and certain of it’s subsidiaries also currently own a 37% interest (including a 2% general partner interest) in Holly Energy Partners, L.P.

TypePublic
Founded1947
HQDallas, USMap
Websitehollyfrontier.com
Employee Ratings3.2More
Culture scoreA+More
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Latest Updates

Employees (est.) (Dec 2019)4,074(+13%)
Job Openings16
Revenue (FY, 2019)$17.5 B(-1%)
Share Price (Jun 2020)$36.8 (+7%)

Key People/Management at HollyFrontier

Michael C. Jennings

Michael C. Jennings

Chief Executive Officer, President & Director
Richard L. Voliva

Richard L. Voliva

Executive Vice President and Chief Financial Officer
Thomas G. Creery

Thomas G. Creery

Senior Vice President, Commercial of HollyFrontier Corporation and President of HollyFrontier Refining & Marketing LLC
James M. Stump

James M. Stump

Senior Vice President, Refining
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HollyFrontier Office Locations

HollyFrontier has offices in Dallas, Artesia, Cheyenne, Council Bluffs and in 9 other locations
Dallas, US (HQ)
2828 N Harwood St #1300
Artesia, US
501 E Main St
Cheyenne, US
300 Morrie Ave
Council Bluffs, US
1701 S 3rd St
El Dorado, US
1401 Douglas Rd
Glendale, US
Glendale, CA, USA
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HollyFrontier Financials and Metrics

HollyFrontier Revenue

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HollyFrontier's revenue was reported to be $17.49 b in FY, 2019
USD

Revenue (Q1, 2020)

3.4b

Gross profit (Q1, 2020)

706.8m

Gross profit margin (Q1, 2020), %

20.8%

Net income (Q1, 2020)

(293.3m)

EBIT (Q1, 2020)

(410.3m)

Market capitalization (5-Jun-2020)

6.0b

Closing stock price (5-Jun-2020)

36.8

Cash (31-Mar-2020)

909.1m

EV

8.0b
HollyFrontier's current market capitalization is $6 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

14.3b17.7b17.5b

Revenue growth, %

24%

Cost of goods sold

11.5b13.9b13.9b

Gross profit

2.8b3.8b3.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

3.1b3.5b3.7b4.1b4.5b4.8b3.9b4.8b4.4b3.4b

Cost of goods sold

2.6b2.8b2.9b3.3b3.6b3.8b3.2b3.7b3.4b2.7b

Gross profit

439.3m705.4m830.7m781.3m875.3m1.0b698.0m1.1b1.0b706.8m

Gross profit Margin, %

14%20%22%19%20%21%18%23%23%21%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

229.1m1.6b1.8b940.1m568.0m66.5m710.6m630.8m1.2b885.2m

Accounts Receivable

993.1m1.4b634.2m720.7m671.7m879.7m

Prepaid Expenses

28.5m219.5m53.2m36.9m81.5m61.7m

Inventories

400.4m1.1b1.3b1.6b1.4b1.5b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

140.2m271.9m224.1m426.7m1.6b1.7b1.4b2.1b1.9b1.3b1.3b1.1b1.1b856.0m594.1m233.4m239.7m111.0m452.0m366.3m129.5m460.3m630.7m781.5m979.9m1.1b496.1m914.6m981.9m909.1m

Accounts Receivable

762.8m718.5m1.2b1.0b1.3b733.1m603.7m736.9m656.5m770.8m755.7m688.3m780.2m690.3m526.9m626.1m522.3m430.9m481.5m395.9m601.1m602.4m714.3m842.8m1.0b569.2m

Prepaid Expenses

59.8m43.3m14.9m33.6m55.6m54.2m59.8m31.2m59.9m82.3m80.8m110.3m134.3m111.6m64.6m68.9m73.1m32.6m32.3m23.9m33.3m37.7m32.1m54.8m77.5m

Inventories

421.1m414.0m473.5m495.3m1.3b1.3b1.3b1.5b1.5b1.6b1.5b1.6b1.5b1.6b1.1b1.2b1.0b891.9m1.0b1.1b1.3b1.2b1.4b1.6b1.7b943.6m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

104.0m1.0b1.7b767.8m326.3m802.5m(190.9m)881.2m1.2b872.4m

Depreciation and Amortization

117.5m159.7m242.9m409.9m437.3m509.9m

Inventories

(96.9m)(56.8m)(205.0m)(15.9m)(78.8m)(33.7m)(1.9m)(162.3m)136.6m(91.6m)

Accounts Payable

342.2m(164.6m)(194.1m)2.1m(217.5m)(406.3m)247.6m189.0m(326.0m)312.8m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

38.1m89.2m84.7m276.9m800.0m241.7m735.2m1.3b333.7m590.7m698.0m164.0m349.1m536.7m242.7m615.8m826.5m43.4m(349.1m)(261.4m)(37.8m)36.3m324.0m288.9m651.8m1.0b276.5m493.3m791.3m(293.3m)

Depreciation and Amortization

56.6m85.7m31.3m63.1m106.4m56.1m113.1m178.2m71.8m142.3m224.4m80.5m181.9m262.9m80.0m167.8m255.6m87.9m178.3m269.4m96.0m201.3m304.2m104.3m214.7m323.6m121.4m248.3m375.3m140.6m

Inventories

(117.6m)(110.5m)(73.1m)(94.9m)(195.6m)(230.5m)(195.2m)(370.8m)(151.2m)(230.8m)(228.5m)(236.0m)(150.6m)(225.7m)(74.0m)(12.8m)(85.3m)7.3m15.5m(54.6m)14.0m61.0m(43.8m)(151.5m)21.3m(33.9m)(4.0m)(6.7m)(47.4m)(50.5m)

Accounts Payable

34.9m69.0m181.0m133.2m(297.1m)124.2m(418.9m)(96.3m)(41.0m)216.5m298.9m260.8m307.5m109.9m(165.8m)(60.4m)(203.3m)61.4m(37.2m)292.9m321.5m(328.2m)
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USDY, 2020

EV/EBIT

-19.4 x

EV/CFO

42 x

Financial Leverage

1.8 x
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HollyFrontier Operating Metrics

Y, 2016

Oil Production, barrels per day

457 k
Show all operating metrics

HollyFrontier Acquisitions / Subsidiaries

Company NameDateDeal Size
Suncor EnergyOctober 31, 2016$845 m

HollyFrontier Online and Social Media Presence

HollyFrontier's Trends

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HollyFrontier Company Culture

  • Overall Culture

    A+

    81/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A+

    95/100

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HollyFrontier News and Updates

May 28, 2020

EPA and State of Kansas Reach Agreement With HollyFrontier for Alleged Clean Air Act Violations at its El Dorado, Kansas Refinery

WASHINGTON (May 28,2020) — Today, the U.S. Environmental Protection Agency (EPA) and the state of Kansas have announced a settlement with HollyFrontier El Dorado Refining LLC. (HollyFrontier), to address alleged Clean Air Act violations resulting from exceedances of emission limits and failure to co…
April 08, 2020

HollyFrontier refining running at 70% capacity, to cut capex plans by 15%

Petroleum refiner HollyFrontier Corp. said Wednesday that its refining segment is currently running at about 70% capacity, as a result of the impact of the COVID-19 pandemic on the economy and its markets. The company said it was limiting onsite staff at all facilities, postponing non-essential pro…
February 20, 2020

Refiner HollyFrontier quarterly profit falls 80%

U.S. refiner HollyFrontier Corp reported an 80% fall in adjusted quarterly profit on Thursday, hurt by lower refining margins and heavy planned refinery maintenance.
January 09, 2020

World Market Forecasts for White Oil (2019-2025): Leading Players are Sinopec, ExxonMobil, Fuchs Petrolub, HollyFrontier, and Nynas

DUBLIN, Jan. 9, 2020 /PRNewswire/ -- The "Global White Oil Market 2019-2025" report has been added to ResearchAndMarkets.com's offering. The global white oil market is expected to grow at a significant rate. White oil is used in various industry verticals, such as personal care,...
November 18, 2019

HollyFrontier to build renewable diesel unit, buy back shares

U.S. refiner HollyFrontier Corp. said on Monday it would build a renewable diesel unit (RDU) and announced a $1 billion share buyback program.
November 18, 2019

HollyFrontier OKs new $1 billio stock buyback program, to build new renewable diesel unit

HollyFrontier Corp. said Monday it has set a new $1 billion share repurchase program, to replace the existing authorization that had $281 million remaining. Based on Friday's stock closing price of $52.54, that would allow the petroleum refiner to buy back up to 12% of the shares outstanding. The c…
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HollyFrontier Blogs

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 HollyFrontier Frequently Asked Questions

  • When was HollyFrontier founded?

    HollyFrontier was founded in 1947.

  • Who are HollyFrontier key executives?

    HollyFrontier's key executives are Michael C. Jennings, Richard L. Voliva and Thomas G. Creery.

  • How many employees does HollyFrontier have?

    HollyFrontier has 4,074 employees.

  • What is HollyFrontier revenue?

    Latest HollyFrontier annual revenue is $17.5 b.

  • What is HollyFrontier revenue per employee?

    Latest HollyFrontier revenue per employee is $4.3 m.

  • Who are HollyFrontier competitors?

    Competitors of HollyFrontier include NGL Energy Partners, World Fuel Services and Delek US Holdings.

  • Where is HollyFrontier headquarters?

    HollyFrontier headquarters is located at 2828 N Harwood St #1300, Dallas.

  • Where are HollyFrontier offices?

    HollyFrontier has offices in Dallas, Artesia, Cheyenne, Council Bluffs and in 9 other locations.

  • How many offices does HollyFrontier have?

    HollyFrontier has 13 offices.