HF Sinclair Q4 EPS $1.20, Revenue $6.46B Beats Estimates; Plans $0.50 Dividend
HF Sinclair topped Q4 estimates with adjusted EPS of $1.20 versus $0.63 consensus and $6.46B revenue beating $6.2B, driven by robust refining margins. It returned $230M in dividends and buybacks, ended 2025 with $978M cash, plans a $0.50 per share dividend on March 12 and formed a 50%-owned JV to operate 30 retail sites.
1. Q4 Earnings Outperformance
HF Sinclair delivered adjusted EPS of $1.20 in Q4 2025, outperforming the $0.63 consensus by 91%. Revenue reached $6.46 billion, surpassing estimates by $260 million as strong refining margins bolstered profitability.
2. Capital Returns and Liquidity
The company returned $230 million to shareholders through dividends and buybacks during the quarter. HF Sinclair closed the year with $978 million in cash and equivalents, up $178 million from year-end 2024, and declared a $0.50 per share dividend payable March 12.
3. Green Trail Fuels Joint Venture
On February 18, HF Sinclair formed Green Trail Fuels, a 50/50 joint venture with UPOP Holdings. The new venture will manage 30 retail fuel sites across New Mexico and Colorado, expanding HF Sinclair’s downstream presence in key regional markets.
4. Analyst Price Target Adjustment and Outlook
Piper Sandler trimmed its price target to $67 from $68 while maintaining a Buy rating, citing temporary West Coast throughput challenges. The firm remains optimistic on tightening regional markets, widening crude differentials and potential from sustainable aviation fuel monetization.