Earnings release
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구 HOLLYFRONTIER . NEWS RELEASE HollyFrontier Corporation Reports Quarterly Results 11/3/2021 . Reported net income attributable to HollyFrontier stockholders of $ 280.8 million , or $ 1.71 per diluted share , and adjusted net income of $ 209.9 million , or $ 1.28 per diluted share , for the third quarter Reported EBITDA of $ 482.6 million and Adjusted EBITDA of $ 407.8 million for the third quarter DALLAS -- ( BUSINESS WIRE ) -- HollyFrontier Corporation ( NYSE : HFC ) ( " HollyFrontier " or the " Company " ) today reported third quarter net income attributable to HollyFrontier stockholders of $ 280.8 million , or $ 1.71 per diluted share , for the quarter ended September 30 , 2021 , compared to a net loss of $ ( 2.4 ) million , or $ ( 0.01 ) per diluted share , for the quarter ended September 30 , 2020 . The third quarter results reflect special items that collectively increased net income by a total of $ 70.8 million . On a pre - tax basis , these items include a gain on sale of real property of $ 86.0 million , partially offset by pre - close acquisition integration costs of $ 4.3 million and charges related to the Cheyenne Refinery conversion to renewable diesel production , including decommissioning charges of $ 6.7 million and severance charges totaling $ 0.2 million . Excluding these items , net income for the current quarter was $ 209.9 million ( $ 1.28 per diluted share ) compared to net loss of $ ( 66.9 ) million ( $ ( 0.41 ) per diluted share ) for the third quarter of 2020 , which excludes certain items that collectively decreased net loss by $ 64.5 million . HollyFrontier's President & CEO , Michael Jennings , commented , " HollyFrontier's standout third quarter results were driven by continued refined product margin strength in our regions , healthy base oil prices and robust operational performance in the quarter . On November 1 , 2021 , we closed on our previously announced acquisition of the Puget Sound Refinery . We are excited to add this high - quality refinery to our existing asset base along with the geographical diversification and earnings potential it provides . " Refining segment income before interest and income taxes was $ 217.4 million for the third quarter of 2021 compared to a loss before interest and income taxes of $ ( 118.5 ) million in the third quarter of 2020. The segment 1