8-K filing — HF Sinclair Corp (DINO)

Shares of oil and gas refining and marketing companies are trading higher amid heightened investor attention on elevated diesel prices and refinery crack spreads, which may help refiners maintain pricing power heading into a period of lighter demand following the summer driving season.

Shares of oil and gas refining and marketing companies are trading higher as oil prices continue gains amid the U.S.-Iran impasse over the Straight of Hormuz and a Ukrainian drone strike on one of Russia's largest oil refineries, Lukoil Perm. Investor attention has also turned to soaring refining margins for gasoline and diesel, which help buttress optimism for the sector ahead of late summer and Labor Day demand.

Kinder Morgan Just Locked In a $5 Billion Pipeline Deal. Here's What It Means for KMI's Dividend.

Kinder Morgan, Phillips 66, and HF Sinclair finalized a joint venture to build the $5 billion Western Gateway Pipeline System, a 1,300-mile pipeline expected to be completed in 2029. Kinder Morgan will own 35.1% of the project and contribute $250 million in cash plus $1.5 billion in existing pipeline assets. The project is backed by long-term take-or-pay contracts that will generate stable cash flows to support the company's dividend growth trajectory.