📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Sector Averages

About

HF Sinclair Corporation operates as an independent energy company in the United States.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding DINO

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	402.1K	$25.1M	0.03%	Mar 2026
Jim Simons Renaissance Technologies LLC	152.1K	$9.5M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific ~ Volatile 4 quarters analysed

Q2 2025

Confident Specific

CEO Tim Go uses phrases like 'strong progress', 'delivered sequential improvements', and 'pleased to report', while providing specific metrics (e.g., OpEx per bbl $7.32, throughput 616,000 bbl/day, $145 million returned to shareholders). Management repeatedly emphasizes strategy execution and visible results.

Q3 2025

Confident Specific

Management repeatedly used phrases like 'strong quarter', 'record low operating expense', 'record EBITDA', and provided specific figures such as $254M returned to shareholders, $115M SRE benefit, and $7.12/barrel operating cost.

Q4 2025

Cautious

Management was defensive about the CEO leave and disclosure review, repeatedly declining to comment and directing questions back to the earnings. At the same time, they expressed confidence in the financial statements and underlying business, calling the stock a 'buying opportunity.' The tone was mixed—guarded on governance topics but optimistic on operations.

Q1 2026 latest

Confident Specific

Management consistently used strong positive language: 'delivered strong results', 'excellent safety quarter', 'well-positioned', 'pleased with these results'. They provided specific operational and financial metrics across segments and reiterated strategic commitments, while avoiding substantive commentary on the leadership transition.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Management demonstrated solid operational execution across all segments, with specific positive results in renewables and lubricants despite volatile macro. Capital returns remain robust, reinforcing management’s commitment to shareholder value. The leadership transition is a near-term uncertainty but the board’s process and the interim CEO’s experience provide comfort. Key watch items: permanent CEO/CFO appointment, sustainability of refining and renewables margins, and progress on growth projects like the Rockies infrastructure. Overall, the call reinforces a favorable outlook, with execution risk partially offset by leadership clarity still pending.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED HF Sinclair Q1 2026 net income $648M, EBITDA $426M, crude runs 613k bpd.

Revenue & Profitability

Q1 2026 net income attributable to HF Sinclair was $648 million ($3.56 per diluted share). Adjusted net income was $127 million ($0.69 per diluted share) compared to an adjusted net loss of $50 million in Q1 2025. Adjusted EBITDA was $426 million versus $201 million in the prior year. Refining segment adjusted EBITDA was $55 million (excluding a $604 million LCM benefit), renewables $133 million, marketing $28 million, lubricants $103 million, and midstream $111 million.

Outlook

Management expects favorable market conditions to continue into the summer driving season, with tight West Coast markets and global distillate shortages supporting margins. However, they note potential consumer softness due to high prices and the need for a prompt resolution to geopolitical disruptions to avoid permanent demand destruction.

Growth Drivers

Growth drivers include the marketing segment, which added 25 branded sites in Q1 and targets 10% annual growth, and the Green Trail Fuels JV. Renewables profitability is improving via feedstock optimization and market placement. Lubricants is pursuing pricing recovery and tuck-in acquisitions like Industrial Oils Unlimited. Midstream projects such as the Bridger pipeline expansion and yield improvement projects are also key levers.

Balance Sheet & CapEx

Capital expenditures in Q1 2026 totaled $102 million. Full-year 2026 CapEx guidance remains unchanged. Key investments include a Puget Sound project enabling a 7,000 barrels per day swing between diesel and jet, and an El Dorado vacuum distillation project adding 10,000 barrels per day of heavy crude flexibility, expected online during the fall turnaround.

Margins

Refining margins improved in the West region due to higher gross margins, but were lower in the MidCon. Renewables margins strengthened significantly due to narrowing BOHO spread, higher RIN prices, and recognition of $49 million in prior-year production tax credits. Lubricants margins are pressured by cost inflation, but pricing actions are expected to improve recovery. Operating leverage is driven by reliability improvements.

Key Risks

Key risks include geopolitical conflict in the Middle East causing market disruption and volatility, potential demand destruction from high fuel prices, uncertainty around the RFS and small refinery exemptions (SREs), and operational incidents such as the fuel contamination at a Colorado terminal in Q1.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-28

Q2 2026 saw record adjusted EBITDA and net income, driven by strong refining and lubricants performance, with robust capital returns to shareholders. The company announced a planned spin-off of its Lubricants & Specialties segment and continued to advance strategic growth projects.

Q1 2026 Q1 2026 2026-05-01

Strong Q1 results with significant year-over-year improvement in adjusted net income and EBITDA, driven by higher margins and volumes across segments. Liquidity remains robust, and the company continues to return capital to shareholders while navigating leadership transitions and market volatility.

Q4 2025 Q4 2025 2026-02-18

Adjusted EBITDA rose to $564M in Q4, with strong full-year results despite seasonal refining weakness and special items. Significant shareholder returns, new marketing JV, and ongoing operational improvements support a bullish 2026 outlook.

Q3 2025 Q3 2025 2025-10-30

Strong Q3 results featured record refining throughput, robust margin capture, and $254M returned to shareholders. Strategic projects and cost discipline support a positive outlook, with continued focus on capital returns and operational flexibility.

Q2 2025 Q2 2025 2025-07-31

Q2 2025 saw strong sequential improvements in refining and non-refining segments, with adjusted net income and EBITDA both rising sharply year-over-year. Capital returns to shareholders remained robust, and the company is well-positioned for continued growth, with a focus on operational excellence and strategic investments.

📊 Analysis Methodology

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

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