EarningsQ2 2026 Earnings Report
MX:DINO Q2 2026 EPS Results
Actual EPS$97.78
Consensus EPS$82.68
Beat/MissBeat by +$15.10
One Year Ago EPS$31.30
MX:DINO Q2 2026 Revenue Results
Actual Revenue$191.32B
Expected Revenue$159.86B
Beat/MissBeat by +$31.46B
YoY Revenue Growth+53.15%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
MX:DINO Upcoming Earnings
HF Sinclair Corporation's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:DINO Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented materially stronger financial performance and cash generation across the business with significant year-over-year increases in adjusted net income and adjusted EBITDA, solid liquidity and a clear capital return track record. Strategic actions — including the planned tax-efficient separation of the Lubricants & Specialties segment, network expansion in Marketing, and multi-phase midstream projects — were highlighted as value-enhancing moves. Notable negatives include the retirement of the Mississauga base oil facility, early-stage separation costs and uncertainties, regulatory RIN/FRE risk, and near-term impacts from planned turnarounds. On balance, operational strength, cash returns and sizable profitability gains outweigh the execution and regulatory risks discussed.Company Guidance
Strong Quarterly Profitability
Net income attributable to HF Sinclair shareholders of $892 million ($4.93/diluted share); adjusted net income of $960 million ($5.31/diluted share) versus $322 million ($1.70) in Q2 2025 — adjusted net income increased ~198% year-over-year.
Large Adjusted EBITDA Improvement
Company-wide adjusted EBITDA of $1.5 billion in Q2 2026 versus $665 million in Q2 2025 — an increase of ~126% year-over-year; Refining adjusted EBITDA $1.0 billion vs $476 million (~+110%).
Refining Throughput and Capture
Average crude oil charge of ~640,000 barrels per day in Q2 (vs 616,000 bpd in Q2 2025, +3.9%), running above guidance and enabling better capture of favorable crack spreads and higher-value product yields.
Renewables Turnaround to Profitability
Renewables adjusted EBITDA of $123 million in Q2 2026 compared to a loss of $2 million in Q2 2025, driven by higher RINs prices, increased producer tax credit benefits and higher volumes (60 million gallons vs 55 million; +9%).
Lubricants & Specialties Outperformance
Lubricants & Specialties adjusted EBITDA of $207 million in Q2 2026 versus $55 million in Q2 2025 — an increase of ~276%, attributed to higher volumes, stronger product prices and favorable FIFO impacts.
Marketing Growth and Network Expansion
Added 63 branded sites in Q2 with >100 sites in the pipeline; total branded fuel sales volumes of 387 million gallons in Q2 2026 vs 337 million gallons in Q2 2025 (+14.9%). Company expects ~10% annual growth in branded sites.
Strong Cash Generation and Capital Returns
Net cash provided by operations of $1.5 billion in Q2 (includes $56 million of turnaround spend). Returned $265 million to shareholders in the quarter ($89 million dividends, $179 million repurchases); since March 2022 returned ~$5.2 billion and reduced shares by >68 million.
Solid Liquidity & Conservative Leverage
Total liquidity approximately $4.26 billion as of June 30, 2026 (cash ~$2.26 billion, undrawn $2.0 billion credit facility). Debt outstanding ~$2.8 billion with debt-to-cap of 21% and net debt-to-cap of 4%.
Strategic Growth Projects in Progress
Advancing Go West pipeline initiative with Phase 1 expected to add ~35,000 bpd targeted online in 2029 and El Dorado vacuum furnace project on track for completion during fall turnaround; evaluating other technology investments and tuck-in midstream opportunities.
Dividend Increase
Board declared a regular quarterly dividend of $0.525 per share, a 5% increase from $0.50.
MX: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