HF Sinclair Corporation

Latest Results (13.05.2026):

HF Sinclair Corporation reported strong results for the quarter ended March 31, 2026 (Q1 2026), with GAAP net income attributable to HF Sinclair stockholders of $648 million ($3.56 diluted) and adjusted net income of $127 million ($0.69 diluted); revenues rose to $7.123 billion. Results were driven by improved performance across Refining and Renewables and positive cash generation.

GAAP and adjusted earnings

Net income attributable to HF Sinclair stockholders: $648 million, or $3.56 per diluted share (Q1 2026) vs. net loss $4 million in Q1 2025. Adjusted net income attributable to HF Sinclair stockholders: $127 million, or $0.69 per diluted share (excludes inventory LCM and other items).

EBITDA

Reported EBITDA: $1,097 million for Q1 2026. Adjusted EBITDA: $426 million (excludes large non‑cash Lower of Cost or Market inventory adjustments).

Shareholder returns

Returned $167 million to stockholders in Q1 2026 through $91 million of dividends paid and $76 million of share repurchases.

Dividend declared

Board declared a regular quarterly dividend of $0.50 per share, payable June 2, 2026 to holders of record May 11, 2026 (consistent with the dividend paid in Q1).

Refining segment

Refining income before interest & taxes: $514 million (Q1 2026) vs. loss of $30 million (Q1 2025). Adjusted Refining EBITDA (excludes $604M LCM benefit) was $55 million. Adjusted refinery gross margin: $9.95 per produced barrel sold (up 9% vs Q1 2025). Crude charge averaged 613,050 BPD.

Renewables segment

Renewables income before interest & taxes: $182 million vs. loss of $39 million a year earlier. Adjusted Renewables EBITDA (excludes $68M LCM benefit): $133 million. Sales volumes: 52 million gallons vs. 44 million gallons in Q1 2025; increased PTC recognition (~$49M prior‑year benefit recognized following February 2026 guidance) and higher RINs helped margins.

Marketing, Lubricants & Midstream

Marketing: income before interest & taxes $20M and EBITDA $28M; branded fuel sales 325 million gallons. Lubricants & Specialties: income before interest & taxes $78M, adjusted EBITDA $103M (benefited from a $53M FIFO benefit). Midstream: income before interest & taxes $94M, adjusted EBITDA $111M (down from $119M, impacted by operating costs from a fuel‑contamination incident at a Colorado terminal).

Cash flow and balance sheet

Net cash provided by operations: $457 million in Q1 2026. Cash & cash equivalents: $1,148 million at March 31, 2026 (up $170M vs Dec 31, 2025). Consolidated debt: $2,771 million. Total assets: $18.172 billion; total equity: $9.729 billion.