HF Sinclair gains on smaller-than-expected Q1 loss

Shares of U.S. refiner HF Sinclair DINO.N rise 4.7% to $31.49

Company reported smaller-than-expected loss in Q1, supported by sequential improvement in refining margins

DINO posts an adjusted loss of 27 cents/share in Q1 vs est loss of 44 cents/share - data compiled by LSEG

Company's total crude processed in Q1 rose to 646,580 barrels/day compared with 643,300 bpd, a year earlier

DINO reports Q1 adjusted refining margins of $9.12/produced barrel, 28% lower than a year earlier but above the $6.68/barrel in 4Q24

Including session's moves, company's shares down 10% YTD