HF Sinclair Q3 revenue jumps 50%, beats estimates
DINO•HF Sinclair’s third-quarter revenue rose 50% year over year to $10.86 billion, above the $8.89 billion analyst estimate. Adjusted EPS was $11.75, beating the $7.65 estimate.
1. Quarterly results
HF Sinclair reported third-quarter revenue of $10.86 billion, up 50% year over year and above the $8.89 billion analyst estimate. Adjusted EPS was $11.75, compared with the $7.65 estimate, while net income was $2.02 billion and adjusted EBITDA was $2.98 billion.
2. Segment results and returns
Higher crack spreads, tight fuel supplies and EPA RINs waivers drove refining results. Improved RINs prices, higher Producer’s Tax Credit benefits and increased sales volumes boosted renewables results, while sales mix optimization and higher product and base oil prices lifted Lubricants & Specialties results. The company returned $572 million to shareholders through dividends and buybacks.
3. Outlook and dividend
HF Sinclair expects the separation of its Lubricants & Specialties segment to be substantially completed in 2027. It declared a regular quarterly dividend of $0.525 per share, payable December 2, 2026.
