HF Sinclair (NYSE:DINO) Announces Earnings Results

HF Sinclair (NYSE:DINO) announced its quarterly earnings data on Friday. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75, Briefing.com reports. The business had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.27) earnings per share.

Here are the key takeaways from HF Sinclair’s conference call:

• Q1 GAAP net income was $648M ($3.56/sh)$521M of special items; adjusted net income was $127M and adjusted EBITDA $426M, while the company returned $167M to shareholders and ended the quarter with ~$3.15B liquidity (cash $1.15B + $2B undrawn facility).
• Operations ran safely and reliably—no tier‑1 process safety events, crude charge ~613k bpd, completed major turnarounds, and near‑term projects (7k bpd diesel/jet swing and El Dorado vacuum tower) aimed at improving yield and feedstock flexibility into the summer.
• Renewables outperformed with adjusted EBITDA of $133M, driven by BOHO spread narrowing, higher RINs and recognition of producer tax credits, and management expects continued support from LCFS/D4 RINs/PTC dynamics.
• Lubricants faced “unprecedented” feedstock cost inflation; management has implemented pricing actions and saw a large FIFO benefit, but margin recovery is still in progress and cost pressure remains a near‑term headwind.
• Governance uncertainty—both the CEO and CFO are on leave and the board is conducting a leadership review; management declined to provide details, which introduces execution/governance risk until resolved.

HF Sinclair Trading Up 2.7%

NYSE:DINO opened at $69.03 on Friday. The company’s 50 day moving average price is $58.12 and its 200-day moving average price is $53.92. HF Sinclair has a 52 week low of $31.04 and a 52 week high of $70.51. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 10.38 and a beta of 0.72.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. HF Sinclair’s dividend payout ratio is presently 30.08%.

HF Sinclair News Summary

Here are the key news stories impacting HF Sinclair this week:

• Positive Sentiment: Q1 results beat expectations — HF Sinclair reported $0.69 EPS (vs. consensus loss) and revenue of $7.12B, ahead of estimates; the print showed a swing from a year-ago loss and signaled improving profitability. HF Sinclair (DINO) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: GAAP net income and dividend: BusinessWire shows net income attributable to shareholders of $648M (GAAP) and the company announced a regular cash dividend — both supportive for sentiment and income-focused investors. HF Sinclair Reports 2026 First Quarter Results and Announces Regular Cash Dividend
• Positive Sentiment: Surprise profit driven by higher refining margins — Reuters highlights that stronger refining margins powered the unexpected quarterly profit, a key operational positive for a downstream-focused refiner. HF Sinclair posts surprise quarterly profit on higher refining margins
• Neutral Sentiment: Conference call and transcript availability — the company’s call and transcripts provide management color on margins, refinery utilization and capital return plans; useful for assessing sustainability of the beat. HF Sinclair (DINO) Q1 2026 Earnings Transcript
• Neutral Sentiment: Analyst coverage and momentum narratives — Zacks and other outlets are highlighting momentum and the stock’s recent run, which can support flows but does not guarantee fundamentals will stay as strong. HF Sinclair (DINO) is a Great Momentum Stock: Should You Buy?
• Negative Sentiment: Valuation and pullback risk after a run — the stock is trading near its 52-week high, which raises the risk of profit-taking if margins or volumes soften; investors should watch margin sustainability and refinery throughput. HF Sinclair Corporation (DINO) Hits Fresh High: Is There Still Room to Run?

Analyst Ratings Changes

A number of equities research analysts have weighed in on DINO shares. Piper Sandler cut their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Barclays upped their price objective on shares of HF Sinclair from $51.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 14th. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Wall Street Zen cut shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 12th. Finally, TD Cowen cut their price objective on shares of HF Sinclair from $70.00 to $68.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.45.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently made changes to their positions in DINO. State of Wyoming purchased a new stake in shares of HF Sinclair during the second quarter valued at approximately $41,000. IFC & Insurance Marketing Inc. bought a new position in HF Sinclair during the fourth quarter valued at approximately $43,000. Employees Retirement System of Texas bought a new position in HF Sinclair during the third quarter valued at approximately $74,000. Inspire Investing LLC bought a new position in HF Sinclair during the fourth quarter valued at approximately $98,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in HF Sinclair by 67.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,426 shares of the company’s stock valued at $100,000 after purchasing an additional 973 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.