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HollyFrontier Corporation (HFC) CEO Michael Jennings on Q1 2020 Results - Earnings Call Transcript

May 07, 2020 3:17 PM ETHF Sinclair Corporation (DINO)
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HollyFrontier Corporation (HFC) Q1 2020 Earnings Conference Call May 7, 2020 8:30 AM ET

Company Participants

Craig Biery - Director, IR

Michael Jennings - President & CEO

Thomas Creery - President, Refining & Marketing.

Richard Voliva - EVP & CFO

Conference Call Participants

Brad Heffern - RBC Capital Markets

Paul Cheng - Scotiabank

Ryan Todd - Simmons

Teresa Chan - Barclays

Neil Mehta - Goldman Sachs

Chris Sighinolfi - Jefferies

Phil Gresh - JPMorgan

Matthew Blair - Tudor, Pickering, Holt

Jason Gabelman - Cowen & Company

Manav Gupta - Credit Suisse


Welcome to the HollyFrontier Corporation's First Quarter 2020 Conference Call and Webcast. Hosting the call today from HollyFrontier is Mike Jennings, President and Chief Executive Officer. He is joined by Richard Voliva, Executive Vice President and Chief Financial Officer; and Tom Creery President, Refining & Marketing. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation. [Operator Instructions]

Please note that this conference is being recorded. It is now my pleasure to turn the floor over to Craig Biery, Director, Investor Relations.

Craig, you may begin.

Craig Biery

Thank you, Paulie. Good morning everyone and welcome to HollyFrontier Corporation's First Quarter 2020 Earnings Call. This morning, we issued a press release announcing results for the quarter ending March 31, 2020. If you would like a copy of the press release, you may find one on our website at hollyfrontier.com.

Before we proceed with remarks, please note the Safe Harbor disclosure statement in today's press release. In summary, it says statements made regarding management expectations, judgments or predictions are forward-looking statements. These statements are intended to be covered under the Safe Harbor provisions of federal security laws. There are many factors that could cause results to differ from expectations, including those noted

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