HF Sinclair (NYSE:DINO) Releases Earnings Results, Beats Expectations By $0.75 EPS

HF Sinclair (NYSE:DINO) announced its quarterly earnings data on Friday. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75, Briefing.com reports. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. HF Sinclair’s quarterly revenue was up 11.8% on a year-over-year basis.

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

• Q1 GAAP net income was $648M ($3.56/sh)$521M of special items; adjusted net income was $127M and adjusted EBITDA $426M, while the company returned $167M to shareholders and ended the quarter with ~$3.15B liquidity (cash $1.15B + $2B undrawn facility).
• Operations ran safely and reliably—no tier‑1 process safety events, crude charge ~613k bpd, completed major turnarounds, and near‑term projects (7k bpd diesel/jet swing and El Dorado vacuum tower) aimed at improving yield and feedstock flexibility into the summer.
• Renewables outperformed with adjusted EBITDA of $133M, driven by BOHO spread narrowing, higher RINs and recognition of producer tax credits, and management expects continued support from LCFS/D4 RINs/PTC dynamics.
• Lubricants faced “unprecedented” feedstock cost inflation; management has implemented pricing actions and saw a large FIFO benefit, but margin recovery is still in progress and cost pressure remains a near‑term headwind.
• Governance uncertainty—both the CEO and CFO are on leave and the board is conducting a leadership review; management declined to provide details, which introduces execution/governance risk until resolved.

HF Sinclair Trading Up 2.7%

DINO stock traded up $1.82 during mid-day trading on Friday, hitting $69.03. 4,079,238 shares of the company were exchanged, compared to its average volume of 2,012,166. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $12.44 billion, a P/E ratio of 22.48 and a beta of 0.72. The business has a fifty day simple moving average of $58.12 and a 200-day simple moving average of $53.91. HF Sinclair has a 12-month low of $31.04 and a 12-month high of $70.51.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is 65.15%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DINO. Scotiabank upped their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Mizuho upped their price objective on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday. Wall Street Zen lowered shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 12th. Finally, Piper Sandler dropped their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.45.

Key Headlines Impacting HF Sinclair

Here are the key news stories impacting HF Sinclair this week:

• Positive Sentiment: Q1 results beat expectations — HF Sinclair reported $0.69 EPS (vs. consensus loss) and revenue of $7.12B, ahead of estimates; the print showed a swing from a year-ago loss and signaled improving profitability. HF Sinclair (DINO) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: GAAP net income and dividend: BusinessWire shows net income attributable to shareholders of $648M (GAAP) and the company announced a regular cash dividend — both supportive for sentiment and income-focused investors. HF Sinclair Reports 2026 First Quarter Results and Announces Regular Cash Dividend
• Positive Sentiment: Surprise profit driven by higher refining margins — Reuters highlights that stronger refining margins powered the unexpected quarterly profit, a key operational positive for a downstream-focused refiner. HF Sinclair posts surprise quarterly profit on higher refining margins
• Neutral Sentiment: Conference call and transcript availability — the company’s call and transcripts provide management color on margins, refinery utilization and capital return plans; useful for assessing sustainability of the beat. HF Sinclair (DINO) Q1 2026 Earnings Transcript
• Neutral Sentiment: Analyst coverage and momentum narratives — Zacks and other outlets are highlighting momentum and the stock’s recent run, which can support flows but does not guarantee fundamentals will stay as strong. HF Sinclair (DINO) is a Great Momentum Stock: Should You Buy?
• Negative Sentiment: Valuation and pullback risk after a run — the stock is trading near its 52-week high, which raises the risk of profit-taking if margins or volumes soften; investors should watch margin sustainability and refinery throughput. HF Sinclair Corporation (DINO) Hits Fresh High: Is There Still Room to Run?

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Virtus Investment Advisers LLC raised its stake in shares of HF Sinclair by 5.9% during the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after purchasing an additional 195 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after purchasing an additional 221 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of HF Sinclair by 1.4% during the 4th quarter. Advisory Services Network LLC now owns 24,230 shares of the company’s stock worth $1,117,000 after purchasing an additional 328 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in shares of HF Sinclair by 6.9% during the 4th quarter. Meeder Advisory Services Inc. now owns 5,351 shares of the company’s stock worth $247,000 after purchasing an additional 345 shares in the last quarter. Finally, VestGen Advisors LLC raised its stake in shares of HF Sinclair by 7.6% during the 4th quarter. VestGen Advisors LLC now owns 5,267 shares of the company’s stock worth $243,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Company Profile

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.