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

HF Sinclair (NYSE:DINOGet Free Report) issued its earnings results on Friday. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.75, Briefing.com reports. The company had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.27) EPS.

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 Stock 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 debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94. The firm has a market cap of $12.44 billion, a P/E ratio of 13.26 and a beta of 0.72. The firm’s 50 day simple moving average is $58.12 and its 200 day simple moving average is $53.91. HF Sinclair has a 1-year low of $31.04 and a 1-year high of $70.51.

HF Sinclair Dividend Announcement

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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is 65.15%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DINO shares. Mizuho raised their target price on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. TD Cowen reduced their price objective on shares of HF Sinclair from $70.00 to $68.00 and set a “hold” rating on the stock in a research note on Monday. Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. Finally, BMO Capital Markets reduced their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.45.

Get Our Latest Research Report on HF Sinclair

Key Stories Impacting HF Sinclair

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

Institutional Trading of HF Sinclair

Several hedge funds have recently bought and sold shares of DINO. Virtus Investment Advisers LLC grew 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 acquiring an additional 195 shares during the period. Parallel Advisors LLC grew 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 acquiring an additional 221 shares during the period. Advisory Services Network LLC grew 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 acquiring an additional 328 shares during the period. Meeder Advisory Services Inc. grew 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 acquiring an additional 345 shares during the period. Finally, VestGen Advisors LLC boosted its stake in HF Sinclair by 7.6% in 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 during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Company Profile

(Get Free Report)

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.

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Earnings History for HF Sinclair (NYSE:DINO)

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