HF Sinclair jumps as Q1 profit swings to $648 million, dividend maintained
HF Sinclair shares rose after the company reported a sharp Q1 2026 profit turnaround, posting $648 million in net income on $7.123 billion in revenue. The company also maintained its $0.50 quarterly dividend and continued buybacks, highlighting stronger refining and renewables margins.
1. What’s driving the move
HF Sinclair (DINO) is moving higher as investors react to its first-quarter 2026 results, which showed a major swing back to profitability and improved operating momentum across refining and renewables. The company reported net income attributable to stockholders of $648 million ($3.56 per diluted share) for the quarter ended March 31, 2026, versus a $4 million net loss in the prior-year quarter, alongside $7.123 billion of sales and other revenues.
2. Margin and volume improvements in core operations
The quarter was supported by stronger refining and renewables economics. Refining segment income before interest and taxes rose to $514 million from a loss a year earlier, while adjusted refinery gross margin increased to $9.95 per produced barrel sold from $9.12. Renewables also improved materially, with segment income before interest and taxes of $182 million versus a loss last year, aided by higher renewables margins, higher RIN prices, and recognition of Producer’s Tax Credit benefits.
3. Shareholder returns and what traders are watching next
HF Sinclair highlighted continued capital returns, including a regular quarterly dividend of $0.50 per share payable June 2, 2026 (record date May 11, 2026), and share repurchases during the quarter. From here, traders will focus on whether favorable refining and renewables margins persist into Q2, the durability of cash generation, and whether buybacks and dividends remain supported as market conditions and regulatory credit economics evolve.