(Reuters) – Refiner HF Sinclair reported a lower second-quarter profit on Thursday, hurt by a slump in margins due to a tepid summer driving season and a rise in global refining capacity.
The Dallas-based company posted a net income of $151.8 million, or 79 cents per share, in the quarter ending June, compared with $507.7 million, or $2.62 per share, a year earlier.
(Reporting by Seher Dareen in Bengaluru; Editing by Shounak Dasgupta)
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