HF Sinclair (NYSE:DINO) Posts Earnings Results, Beats Estimates By $0.37 EPS

HF Sinclair (NYSE:DINO) issued its earnings results on Wednesday. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.37, FiscalAI reports. The business had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a return on equity of 10.16% and a net margin of 2.15%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned ($1.02) EPS.

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

• Franklin Myers is serving as temporary CEO after Tim Go requested a voluntary leave and the audit committee is reviewing the company’s disclosure processes; management says the review concerns processes (not the numbers) and expects a timely 10‑K filing, but leadership uncertainty is material.
• HF Sinclair reported strong results for 2025 with adjusted EBITDA of $2.3 billion, Q4 adjusted EBITDA of $564 million (adjusted net income $221 million), and returned over $724 million to shareholders in 2025 while declaring a $0.50 quarterly dividend.
• Small refinery RINs waivers materially boosted results—adding $313 million to Q4 adjusted refining gross margin (and $485 million for the year) with roughly $280 million cash benefit in 2025—but future SRE benefits are uncertain and not guaranteed.
• The company highlighted operational progress and growth initiatives, including a record 652,000 bpd throughput, cost reductions, an El Dorado vacuum furnace project to add ~10,000 bpd heavy-crude capability (expected $25–30M annual EBITDA uplift), a targeted mid‑year FID for midstream expansion, and the Green Trail Fuels JV to accelerate branded retail growth.
• Q4 refining was hit by seasonal margin declines, the Puget Sound turnaround and an unplanned Artesia event; Q1 2026 throughput is guided to 585k–615k bpd, capex of ~$650M sustaining and $125M growth is expected for 2026, and liquidity remains strong at about $3 billion (net debt‑to‑cap ~15%).

HF Sinclair Stock Down 2.0%

DINO opened at $50.52 on Friday. The business has a 50 day moving average price of $50.66 and a two-hundred day moving average price of $50.97. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.29 billion, a PE ratio of 16.45 and a beta of 0.87. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $59.33.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, March 2nd. HF Sinclair’s payout ratio is 95.69%.

Wall Street Analysts Forecast Growth

DINO has been the topic of several recent analyst reports. Piper Sandler dropped their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. TD Cowen upped their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Wall Street Zen cut HF Sinclair from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and a consensus target price of $58.60.

Institutional Investors Weigh In On HF Sinclair

Large investors have recently modified their holdings of the stock. Invesco Ltd. grew its position in HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after buying an additional 994,090 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of HF Sinclair by 101.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after acquiring an additional 903,177 shares during the period. Merewether Investment Management LP purchased a new stake in shares of HF Sinclair in the third quarter valued at about $35,717,000. Renaissance Technologies LLC boosted its holdings in shares of HF Sinclair by 75.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,418,447 shares of the company’s stock valued at $65,362,000 after acquiring an additional 608,472 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of HF Sinclair by 151.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 902,091 shares of the company’s stock worth $47,215,000 after acquiring an additional 543,983 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Company Profile

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.