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HF Sinclair Corporation (DINO)
NYSE:DINO
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
-0.27Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented materially improved operational and financial results for 2025 — including record throughput, strong adjusted EBITDA (full-year $2.3B) and meaningful shareholder returns — as well as strategic initiatives (JV formation, midstream expansion, El Dorado project) and healthy liquidity. Offsetting these positives are important risks and near‑term weaknesses: a Q4 GAAP net loss driven by special items, reliance on SREs for a large portion of 2025 EBITDA and cash, renewable diesel and lubricants margin pressures, working capital headwinds, planned turnarounds that pressure early‑2026 runs, and governance/disclosure uncertainty related to the CEO voluntary leave and an Audit Committee review. Taken together, the operational and cash‑return progress is strong but tempered by governance/disclosure risk and exposure to policy and cyclical factors, leaving a balanced near‑term outlook.Company Guidance
Strong Full-Year and Quarterly Adjusted EBITDA
Reported full-year 2025 adjusted EBITDA of $2,300,000,000 and fourth-quarter adjusted EBITDA of $564,000,000, up from $28,000,000 in Q4 2024 (increase of ~1,914%).
Refining Segment Turnaround to Positive Adjusted EBITDA
Fourth-quarter refining adjusted EBITDA (ex-LCM and other adjustments) of $403,000,000 versus negative $169,000,000 in Q4 2024 — large absolute improvement driven by higher adjusted refinery gross margins.
Record Throughput and Lower Operating Costs
Set annual throughput record of 652,000 barrels per day and achieved operating expense per throughput barrel of $7.67; overall refining operating costs declined by $87,000,000 year‑over‑year.
Marketing Segment Growth and JV Formation
Marketing delivered record annual EBITDA of $103,000,000 (a 37% increase over the prior record) and net growth of 117 supplied branded sites; announced Green Trail Fuels LLC joint venture (50% non‑operating interest) to add >30 retail sites in Colorado and New Mexico.
Midstream and Lubricants Scale
Midstream delivered record annual adjusted EBITDA of $459,000,000; lubricants & specialties delivered annual EBITDA of $261,000,000 and integration of Industrial Oils Unlimited underway to capture regional synergies.
Large Shareholder Returns and Strong Liquidity
Returned over $724,000,000 to shareholders in 2025 (and over $4,700,000,000 since March 2022); Board declared quarterly dividend of $0.50 per share; total liquidity of ~$3,000,000,000 (including $978,000,000 cash and a $2,000,000,000 undrawn facility).
Capital Discipline and 2026 Guidance
Guidance for 2026 sustaining capital of ~$650,000,000 (down $125,000,000 vs. 2025) and $125,000,000 growth capital; expected refining runs of 585,000–615,000 bpd in 2026 reflecting planned turnarounds.
SREs and Cash Contribution
Small refinery exemption (SRE) waivers materially increased adjusted refining gross margin by $313,000,000 in Q4 2025 (includes $43,000,000 recognized from Q3) and management reported total EBITDA impact of $485,000,000 for the full year with cash impact just under $300,000,000 for the year.
Value‑Adding CapEx Projects
El Dorado vacuum furnace project to increase heavy crude processing by ~10,000 bpd with estimated capital cost of ~$55,000,000 ( ~$37,000,000 already spent) and expected annual EBITDA uplift of $25,000,000–$30,000,000.
DINO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DINO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $57.85 | $51.57 | -10.86% |
Oct 30, 2025 | $53.48 | $52.29 | -2.22% |
Jul 31, 2025 | $42.58 | $43.08 | +1.17% |
May 01, 2025 | $29.09 | $30.25 | +3.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does HF Sinclair Corporation (DINO) report earnings?
HF Sinclair Corporation (DINO) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is HF Sinclair Corporation (DINO) earnings time?
HF Sinclair Corporation (DINO) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DINO EPS forecast?
DINO EPS forecast for the fiscal quarter 2026 (Q1) is 0.3.