HF Sinclair beats Q2 adjusted EPS estimates, dividend rises 5%
DINO•Asset retirement plan
The company said it plans to retire Mississauga base oil refining assets, with the transition expected to complete in 2027.
Q2 results beat estimates
HF Sinclair said second-quarter adjusted earnings and adjusted EBITDA beat analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Adjusted EPS | Beat | $5.31 | $4.51 (13 Analysts) |
| Q2 EPS | $4.93 | ||
| Q2 Net Income | $893 mln | ||
| Q2 Adjusted EBITDA | Beat | $1.48 bln | $1.30 bln (8 Analysts) |
| Q2 EBITDA | $1.40 bln | ||
| Q2 Operating Expenses | $654 mln | ||
| Q2 Operating income | $1.17 bln | ||
| Q2 Pretax Profit | $1.17 bln |
Dividend and segment plans
The company announced a 5% increase in its regular quarterly dividend to $0.525 per share.
HF Sinclair also plans to separate its Lubricants & Specialties segment into a new public company within 12-18 months.
Outlook and operating drivers
HF Sinclair said it expects strong market fundamentals to persist into the third quarter and the rest of 2026.
The company said refining segment earnings rose on strong margins and volumes in the Mid-Continent and West regions, driven by steady demand, tight supply and favorable crack spreads.
