UPDATE: HollyFrontier Posts Higher Q2 Profit

HollyFrontier

reported a rise in its second-quarter profit. HollyFrontier's quarterly refinery gross margins climbed 28% to $27.43 per produced barrel. Its net income surged to $493.5 million, or $2.39 per share, versus $192.2 million, or $1.79 per share, in the year-ago period. Its sales and other revenue jumped to $4.8 billion. HollyFrontier shares closed at $39.42 yesterday.