NYSE$DINO

HF Sinclair Corp. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong financial results driven by refining, marketing, lubricants and midstream segments. Commenced production of renewable diesel at the Artesia, New Mexico renewable diesel facility.

HF Sinclair reported a net income attributable to stockholders of $1,221.3 million, or $5.43 per diluted share, and adjusted net income of $1,258.5 million, or $5.59 per diluted share. The company delivered strong financial results in the second quarter driven by robust performance in refining, marketing, lubricants and midstream segments. HF Sinclair also announced a regular quarterly dividend of $0.40 per share.

  • Reported net income attributable to HF Sinclair stockholders of $1,221.3 million, or $5.43 per diluted share, and adjusted net income of $1,258.5 million, or $5.59 per diluted share, for the second quarter
  • Reported EBITDA of $1,805.9 million and Adjusted EBITDA of $1,853.0 million for the second quarter
  • Commenced production of renewable diesel at the Artesia, New Mexico renewable diesel facility
  • Returned $200.6 million to shareholders through dividends and share repurchases in the second quarter

Headline financials

Total Revenue

$11.2B

Previous: $4.58B+143.9%
EPS (adj)

$5.59

Previous: $0.87+542.5%
Adjusted EBITDA

$1.85B

No prior period
Adj. refinery margin per bbl

$36.36

No prior period
Refinery throughput (BPD)

663.3K

No prior period
Quarterly dividend per share

$0.40

No prior period
Capital Expenditures

-$294M

Previous: $158M-285.9%
Free Cash Flow

$927M

Previous: $269M+244.0%
Net Income

$1.22B

Previous: $169M+623.3%
Operating Income

$1.67B

Previous: $334M+398.7%
Gross Profit

$2.58B

Previous: $746M+246.1%
Cash & Equivalents

$1.7B

Previous: $1.4B+21.7%
Total Assets

$19.2B

No prior period
Stock-Based Comp

$7.05M

Previous: $11.4M-38.0%

Revenue & EPS history

HF Sinclair · Revenue · Quarterly

$11.2B

Q2 2022+143.9%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

HF Sinclair · $11.2B total across 5 segments · Q2 2022

  • Refining
    $8.84B
  • Marketing
    $1.34B
  • Lubricants & Specialties
    $845M
  • Renewables
    $116M
  • Midstream
    $25.2M

Forward guidance

HF Sinclair is focused on the integration of newly acquired assets from Sinclair while maintaining safe and reliable operations. The company is currently on pace to exceed its target of approximately $100 million in annual run rate synergies within two years of the acquisition close date.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.2%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+1.9%

Avg return

30 days after

47%

30 / 64 earnings

Positive

+11.4%

Q4 2015

Best reaction

-13.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%+5.8%+3.9%
Q4 2025-10.8%-14.3%+4.1%
Q3 2025-2.2%-0.9%-1.9%
Q1 2025+4.0%+8.4%+20.2%
Q4 2024-1.1%-3.6%-11.4%
Q3 2024-5.2%-2.1%+0.3%
Q2 2024-9.2%-10.4%-4.5%
Q1 2024+5.3%+2.5%-2.9%
Q4 2023-1.7%-1.8%+3.8%
Q3 2023+0.9%-2.8%-2.6%
Q2 2023+6.4%+11.2%+10.2%
Q1 2023-8.4%-6.1%+3.2%
Q4 2022-4.3%-3.4%-10.8%
Q3 2022-0.7%-1.6%-18.9%
Q2 2022+6.5%+11.5%+14.0%
Q1 2022+2.6%+9.8%+34.4%
Q4 2021-13.3%-11.6%+14.1%
Q3 2021-4.1%-0.8%-4.8%
Q2 2021-1.2%+0.3%+8.6%
Q1 2021-2.5%-3.0%-1.4%
Q4 2020-1.6%-2.2%-5.4%
Q3 2020-6.2%+15.6%+52.4%
Q2 2020-1.8%+2.0%-12.1%
Q1 2020+4.0%-4.4%+22.5%
Q4 2019+0.5%-11.0%-48.0%
Q3 2019-4.4%-1.7%-9.4%
Q2 2019+2.7%-0.8%-10.9%
Q1 2019-2.1%-4.8%-20.5%
Q4 2018-4.0%-5.0%-12.1%
Q3 2018+6.3%+3.1%-1.2%
Q2 2018-8.3%-6.4%+1.0%
Q1 2018+8.6%+8.5%+35.0%
Q4 2017-4.1%-2.0%+4.0%
Q3 2017+8.9%+13.9%+19.8%
Q2 2017+4.2%+4.0%+10.8%
Q1 2017-8.1%-2.6%-15.2%
Q4 2016-2.0%-4.9%-11.1%
Q3 2016-3.9%-7.8%+18.7%
Q2 2016+0.1%+7.2%-3.5%
Q1 2016-12.7%
Q4 2015+11.4%
Q3 2015-0.6%
Q2 2015+8.2%
Q1 2015+6.5%
Q4 2014+8.8%
Q3 2014-2.2%
Q2 2014-1.1%
Q1 2014+1.7%
Q4 2013+2.1%
Q3 2013-2.0%
Q2 2013-4.8%
Q1 2013-0.2%
Q4 2012+4.1%
Q3 2012+0.5%
Q2 2012+0.7%
Q1 2012+0.3%
Q4 2011+7.9%
Q3 2011-1.2%
Q2 2011+5.4%
Q1 2011-0.3%
Q4 2010+2.8%
Q3 2010+1.9%
Q2 2010-3.4%
Q1 2010+2.0%

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