HF Sinclair reports Q4 adjusted EPS $2.97, consensus $3.60

Reports Q4 revenue $8.98B, consensus $8.56B. HF Sinclair’s CEO, Michael Jennings, commented, "HF Sinclair reported strong fourth quarter and full year results, led by solid contributions from our Refining and Lubricants and Specialty Products segments. We delivered on our cash return commitment to shareholders by returning over $1.6 billion in share repurchases and dividends for the full year of 2022, well in excess of our target of $1 billion during the first 12 months post-Sinclair acquisition. We made significant progress on the integration of the acquired Sinclair businesses, realizing over $100 million in annual run-rate synergies, as we transitioned into a stronger, more diversified company. We continued to advance our commitment to sustainability with the completion and commencement of operations of our renewable diesel investments. Despite the tight supply environment in 2022, our continued focus on operational excellence allowed us to safely increase throughputs to meet customer demand for transportation fuels and lubricants."