HF Sinclair Q3 revenue jumps 50%, beats estimates

By Reuters News


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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