HF Sinclair (NYSE:DINO) Releases Quarterly Earnings Results, Beats Expectations By $3.92 EPS

HF Sinclair (NYSE:DINO) issued its quarterly earnings results on Wednesday. The company reported $11.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.83 by $3.92, FiscalAI reports. HF Sinclair had a net margin of 10.12% and a return on equity of 34.65%. The business had revenue of $10.86 billion for the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The business’s quarterly revenue was up 49.7% on a year-over-year basis.

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

• Exceptional third-quarter results: Adjusted net income rose to $2.1 billion, or $11.75 per diluted share, versus $459 million a year earlier, while adjusted EBITDA increased to $3.0 billion. Refining benefited from elevated crack spreads, tight fuel supplies and EPA small-refinery RIN waivers, while renewables and Lubricants & Specialties also improved materially.
• Management expects refining-market tightness to persist, citing roughly 4 million barrels per day of offline capacity in the Middle East and Russia, low inventories and limited Chinese exports. HF Sinclair also expects wider WCS differentials to benefit its heavy-crude processing, including through the El Dorado project’s added capacity of up to 10,000 barrels per day.
• The company returned $572 million to shareholders during the quarter through dividends and buybacks, reaffirmed its goal of a 50% payout ratio, and declared a quarterly dividend of $0.525 per share. Liquidity was approximately $5.3 billion, with a 19% debt-to-capital ratio and net debt-to-capital ratio of negative 4%.
• HF Sinclair plans to reach a final investment decision on the first phase of Westline Connect in the first quarter of 2027, targeting an additional 35,000 barrels per day of product transportation capacity by 2029. Management expects to fund the project and Western Gateway commitments with cash on hand and operating cash flow, primarily emphasizing organic growth.
• The Lubricants and Specialties spin-off remains on track for the second half of 2027, while the Mississauga refinery shutdown is progressing; the segment incurred $55 million of related impairment, severance and accelerated depreciation charges in the quarter. Steve Ledbetter will become CEO on January 1, 2027, with Franklin Myers remaining as executive chair during the transition.

HF Sinclair Stock Performance

Shares of DINO stock traded up $2.32 on Friday, hitting $114.21. 364,193 shares of the stock traded hands, compared to its average volume of 2,650,354. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. HF Sinclair has a 1-year low of $45.71 and a 1-year high of $129.37. The company’s fifty day moving average is $111.45 and its 200 day moving average is $77.88. The company has a market capitalization of $20.30 billion, a PE ratio of 5.79 and a beta of 0.72.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 12th will be issued a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, November 12th. HF Sinclair’s payout ratio is 20.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DINO shares. TD Cowen increased their price objective on HF Sinclair from $100.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, October 22nd. Evercore assumed coverage on HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 target price on the stock. Raymond James Financial set a $150.00 price target on shares of HF Sinclair in a research report on Wednesday. Weiss Ratings upgraded HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, The Goldman Sachs Group increased their price target on shares of HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.75.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.