Earnings Releases·Oct 28, 2026, 6:32 AM ET

HF Sinclair — Third Quarter 2026 Earnings Summary

Reported net income attributable to stockholders surged to $2,015 million ($11.38 per diluted share) from $403 million in the prior year period, while consolidated revenues increased 50% to $10,857 million.
Adjusted EBITDA reached $2,984 million compared to $870 million in 2025, driven by a 183% increase in adjusted refinery gross margin to $54.22 per barrel and improved performance across Renewables and Lubricants & Specialties segments.
Management returned $572 million to stockholders via $93 million in dividends and $479 million in share repurchases, declaring a new quarterly dividend of $0.525 per share.
Strategic priorities include the planned separation of the Lubricants & Specialties segment, expected to be substantially completed in 2027 via a distribution of at least 80.1% of stock, alongside the Mississauga Asset Retirement.
The company expanded its footprint through a joint venture for the Western Gateway Pipeline system with Phillips 66 and Kinder Morgan affiliates and a 50% interest in Green Trail Fuels LLC retail sites.