HF Sinclair (NYSE:DINO) Issues Quarterly Earnings Results

HF Sinclair (NYSE:DINO) announced its quarterly earnings data on Wednesday. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37, FiscalAI reports. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.During the same quarter in the previous year, the company earned ($1.02) EPS. The firm’s revenue was down .6% compared to the same quarter last year.

Here are the key takeaways from HF Sinclair’s conference call:

• Franklin Myers is serving as temporary CEO after Tim Go requested a voluntary leave and the audit committee is reviewing the company’s disclosure processes; management says the review concerns processes (not the numbers) and expects a timely 10‑K filing, but leadership uncertainty is material.
• HF Sinclair reported strong results for 2025 with adjusted EBITDA of $2.3 billion, Q4 adjusted EBITDA of $564 million (adjusted net income $221 million), and returned over $724 million to shareholders in 2025 while declaring a $0.50 quarterly dividend.
• Small refinery RINs waivers materially boosted results—adding $313 million to Q4 adjusted refining gross margin (and $485 million for the year) with roughly $280 million cash benefit in 2025—but future SRE benefits are uncertain and not guaranteed.
• The company highlighted operational progress and growth initiatives, including a record 652,000 bpd throughput, cost reductions, an El Dorado vacuum furnace project to add ~10,000 bpd heavy-crude capability (expected $25–30M annual EBITDA uplift), a targeted mid‑year FID for midstream expansion, and the Green Trail Fuels JV to accelerate branded retail growth.
• Q4 refining was hit by seasonal margin declines, the Puget Sound turnaround and an unplanned Artesia event; Q1 2026 throughput is guided to 585k–615k bpd, capex of ~$650M sustaining and $125M growth is expected for 2026, and liquidity remains strong at about $3 billion (net debt‑to‑cap ~15%).

HF Sinclair Stock Down 11.8%

Shares of NYSE:DINO opened at $51.05 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The stock has a 50 day moving average price of $50.62 and a 200-day moving average price of $50.97. The firm has a market capitalization of $9.39 billion, a P/E ratio of 25.00 and a beta of 0.87. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $59.33.

Analysts Set New Price Targets

A number of equities analysts have commented on DINO shares. UBS Group lifted their price target on HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Barclays cut their target price on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Piper Sandler lowered their price target on shares of HF Sinclair from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Mizuho increased their price target on shares of HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Wall Street Zen cut shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.90.

Institutional Investors Weigh In On HF Sinclair

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in HF Sinclair by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after purchasing an additional 48,103 shares during the period. State Street Corp lifted its holdings in HF Sinclair by 0.4% in the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after acquiring an additional 22,150 shares during the period. AQR Capital Management LLC boosted its position in HF Sinclair by 13.7% in the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after purchasing an additional 523,709 shares during the last quarter. Invesco Ltd. grew its stake in shares of HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after purchasing an additional 994,090 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of HF Sinclair by 101.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after purchasing an additional 903,177 shares during the period. 88.29% of the stock is owned by institutional investors.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.