HF Sinclair Q3 revenue jumps 50%, beats estimates
Overview
US energy producer's Q3 revenue rose 50% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company returned $572 mln to shareholders via dividends and buybacks
Outlook
Company expects Lubricants & Specialties segment separation to be substantially completed in 2027
Company declared regular quarterly dividend of $0.525 per share, payable December 2, 2026
Company says it remains focused on safe, reliable operations and advancing strategic priorities
Result Drivers
REFINING MARGINS - Higher crack spreads, tight fuel supplies and EPA RINs waivers drove refining segment results
RENEWABLES MARGINS - Improved RINs prices, higher Producer’s Tax Credit benefits and increased sales volumes boosted renewables segment
LUBRICANTS & SPECIALTIES - Sales mix optimization and higher product and base oil prices lifted segment results
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $10.86 bln | $8.89 bln (8 Analysts) |
Q3 Adjusted EPS | Beat | $11.75 | $7.65 (14 Analysts) |
Q3 EPS | $11.38 | ||
Q3 Net Income | $2.02 bln | ||
Q3 Adjusted EBITDA | Beat | $2.98 bln | $1.94 bln (11 Analysts) |
Q3 EBITDA | $2.95 bln | ||
Q3 Operating Expenses | $723 mln | ||
Q3 Operating income | $2.67 bln | ||
Q3 Pretax Profit | $2.65 bln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for HF Sinclair Corporation is $119.00, about 4.2% below its October 27 closing price of $114.21
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago
Reuters Recommended Reads
Oct 27 - Baker Hughes rounds out oilfield services earnings with lower quarterly profit
Oct 28 - Norway's Equinor Q3 adjusted operating income nearly doubles on higher output, gas prices
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)