NYSE$DINO

HF Sinclair Corp. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

HF Sinclair reported strong second quarter results driven by healthy refining product margins and solid performance from lubricants, marketing, and midstream businesses.

HF Sinclair reported a net income attributable to stockholders of $507.7 million, or $2.62 per diluted share. Adjusted net income was $503.8 million, or $2.60 per diluted share. The results were driven by healthy refining product margins and solid performances from other business segments.

  • Net income attributable to HF Sinclair stockholders was $507.7 million, or $2.62 per diluted share.
  • Adjusted net income was $503.8 million, or $2.60 per diluted share.
  • EBITDA was $872.3 million and Adjusted EBITDA was $868.2 million.
  • Returned $87.3 million to stockholders through dividends.

Headline financials

Total Revenue

$7.83B

Previous: $11.2B-29.8%
EPS (adj)

$2.60

Previous: $5.59-53.5%
Adjusted EBITDA

$868M

Previous: $1.85B-53.1%
Adj. refinery margin per bbl

$22.22

Previous: $36.36-38.9%
Refinery throughput (BPD)

599.0K

Previous: 663.3K-9.7%
Quarterly dividend per share

$0.45

Previous: $0.40+12.5%
Capital Expenditures

-$164M

Previous: -$294M+44.3%
Free Cash Flow

$344M

Previous: $927M-62.9%
Net Income

$508M

Previous: $1.22B-58.4%
Operating Income

$704M

Previous: $1.67B-57.7%
Gross Profit

$1.56B

Previous: $2.58B-39.6%
Cash & Equivalents

$1.61B

Previous: $1.7B-5.2%
Total Assets

$18.2B

Previous: $19.2B-5.1%
Stock-Based Comp

$11.6M

Previous: $7.05M+64.1%

Revenue & EPS history

HF Sinclair · Revenue · Quarterly

$7.83B

Q2 2023-29.8%vs Q2 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

HF Sinclair · $7.83B total across 5 segments · Q2 2023

  • Refining
    $5.9B-33.2%
  • Marketing
    $1.04B-22.1%
  • Lubricants & Specialties
    $686M-18.8%
  • Renewables
    $175M+51.0%
  • Midstream
    $29.8M+18.2%

Forward guidance

The press release does not contain specific forward guidance. It mentions that the company believes its diversified portfolio is well positioned to capture margins for the remainder of the year and remains focused on reliability and integration of its asset base.

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 2023

Historical avgQ2 2023

-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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