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HF Sinclair appoints new CEO after posting record quarterly profit

By Reuters News

Oct 28 (Reuters) - HF Sinclair DINO.N on Wednesday named Steve Ledbetter as its next chief executive officer and president, effective January 1, 2027, after posting its highest-ever quarterly profit as elevated refining margins boosted earnings.

The company's adjusted refinery gross margin per barrel stood at $54.22 in the third quarter, compared with $19.16 a year earlier.

The Dallas, Texas-based company reported an adjusted profit of $11.75 per share for the three months ended September 30, compared with analysts' average estimate of $7.65, according to data compiled by LSEG.

The US refiner is preparing to separate its Lubricants & Specialties business into an independent publicly traded company.

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