HF Sinclair
Combines U.S. refining with Sinclair fuel marketing, renewable diesel, lubricants and midstream logistics.
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Profile
Turns crude oil into transportation fuels across a seven-refinery U.S. network, while Sinclair-branded marketing and midstream assets extend the value chain. Renewable diesel and specialty lubricants diversify the portfolio, but refining still supplies most external revenue.
Refines crude oil into gasoline, diesel and jet fuel across seven U.S. refineries, then connects those products to Sinclair-branded fuel marketing and an integrated pipeline, terminal and storage network. Refining supplies most external revenue, with operations concentrated in the Mid-Continent, Southwest, Rocky Mountains and Pacific Northwest.
Produces renewable diesel at dedicated sites and sells base oils, finished lubricants and specialty products through Petro-Canada Lubricants, Red Giant Oil, Sonneborn and Tulsa operations. The combined model links feedstock purchasing, complex refining, logistics and wholesale distribution. Results depend on crude price differentials, refining margins, safe plant operation, transportation-fuel demand, environmental rules and renewable-fuel credits.
Company facts
Key statistics
Year to date +113% · Average volume (30d) 2.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Mizuho Securities | Target | $79 | $85 | ||
| Jul 29, 2026 | Goldman Sachs | Reiterate | Buy | $81 | $114 | |
| Jul 29, 2026 | Barclays | Reiterate | Equal Weight | $81 | $86 | |
| Jul 29, 2026 | Raymond James | Target | $95 | $105 | ||
| Jul 13, 2026 | Raymond James | Reiterate | Strong Buy | $65 | $95 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $4.49 | $5.31 | +18.3% | $8.68B | $10.39B | +19.7% | +0.78% |
| May 1, 2026Q1 FY26 | −$0.15 | $0.69 | +560.0% | $6.83B | $7.12B | +4.4% | +3.79% |
| Feb 18, 2026Q4 FY25 | $0.44 | $1.20 | +172.7% | $6.04B | $6.46B | +7.1% | −2.11% |
| Oct 30, 2025Q3 FY25 | $1.94 | $2.44 | +25.8% | $6.27B | $7.25B | +15.6% | −2.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.37B | $6.78B | $7.25B | $6.46B | $7.12B | $10.39B | |
| Gross profit | $190.0M | $398.0M | $1.49B | $131.0M | $1.02B | $1.35B | |
| Operating income | $81.0M | $275.0M | $564.0M | −$2.0M | $907.0M | $1.22B | |
| Net income | −$4.0M | $208.0M | $403.0M | −$28.0M | $648.0M | $892.0M | |
| Diluted EPS | −$0.03 | $1.10 | $2.15 | −$0.15 | $3.56 | $4.97 | |
| Gross margin | 3.0% | 5.9% | 20.6% | 2.0% | 14.3% | 12.9% | |
| Operating margin | 1.3% | 4.1% | 7.8% | -0.0% | 12.7% | 11.7% |
Fiscal years (4-quarter sums)FY21 $18.39B · FY22 $38.20B · FY23 $31.96B · FY24 $28.58B · FY25 $26.87B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.26B · Total debt $2.86B · Total assets $18.99B · Shareholders' equity $10.29B
Dividends
Raised for 11 straight years — most recently to $0.525 from $0.50 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 11, 2026 | Aug 11 | Sep 2 | $0.525 | raised from $0.50 |
| May 11, 2026 | May 11 | Jun 2 | $0.50 | |
| Mar 2, 2026 | Mar 2 | Mar 12 | $0.50 | |
| Nov 19, 2025 | Nov 19 | Dec 5 | $0.50 | |
| Aug 21, 2025 | Aug 21 | Sep 4 | $0.50 | |
| May 15, 2025 | May 15 | Jun 3 | $0.50 | |
| Mar 6, 2025 | Mar 6 | Mar 20 | $0.50 | |
| Nov 21, 2024 | Nov 21 | Dec 4 | $0.50 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 177.78M · Float 165.57M · 93.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 18.54M | 10.43% | 13F | Aug 7, 2026 |
| TCTC Holdings, LLC | 12.33M | 6.94% | 13F | Aug 11, 2026 |
| Dimensional Fund Advisors LP | 9.53M | 5.36% | 13F | Aug 11, 2026 |
| REH Advisors Inc. · director | 8.88M | 5.00% | Form 4 | Aug 4, 2026 |
| Vanguard Portfolio Management LLC | 8.86M | 4.98% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Franklin Myers | director, officer: CEO | +15,000 | $85.30 |
| Aug 5, 2026 | Dale Kunneman | officer: SVP and CHRO | −8,936 | $84.59 |
| Jun 16, 2026 | Rhoman J. Hardy | director | +1,508 | $66.32 |
| Jun 2, 2026 | Manuel J. Fernandez | director | −635 | $73.09 |
| May 26, 2026 | Matthew Joyce | officer: SVP, Lubricants & Specialties | −2,384 | $69.73 |
Peers
- Valero Energy
Large-scale rival in refining and renewable diesel
- Marathon Petroleum
Integrated rival across refining, marketing, renewables and logistics
- Phillips 66
Broad downstream rival in refining, renewables, marketing and lubricants
- PBF Energy
Independent refiner with West Coast and renewable-diesel overlap
- Par Pacific
Regional rival across Rocky Mountain and Pacific Northwest markets
- CVR Energy
Mid-Continent refining rival centered in Kansas and Oklahoma
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HF Sinclair | $100.35 | +0.64% | $17.73B | 9.5 | 7.3 | 0.6 | +53.2% |
| Valero Energy | $352.97 | +0.19% | $101.45B | 14.6 | 8.3 | 0.8 | +48.8% |
| Marathon Petroleum | $369.35 | +0.10% | $107.68B | 12.7 | 7.5 | 0.7 | +54.9% |
| Phillips 66 | $244.72 | +0.27% | $97.83B | 13.9 | 8.8 | 0.6 | +55.9% |
| PBF Energy | $71.90 | +0.93% | $8.45B | 6.3 | 3.8 | 0.2 | +56.2% |
| Par Pacific | $79.00 | +0.22% | $3.95B | 4.6 | 5.1 | 0.5 | +56.8% |
| CVR Energy | $41.90 | +0.38% | $4.20B | 60.5 | 16.8 | 0.5 | +55.5% |
| Median | 13.3 | 7.9 | 0.6 | +55.7% |