NYSE$DINO

HF Sinclair Corp. · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported a decrease in net income and adjusted net income compared to the same quarter last year, but saw strong contributions from Lubricants & Specialties and Midstream segments.

HF Sinclair reported net income attributable to HF Sinclair stockholders of $151.8 million, or $0.79 per diluted share, and adjusted net income of $149.3 million, or $0.78 per diluted share, for the second quarter. The company returned $467.1 million to stockholders through dividends and share repurchases and announced a regular quarterly dividend of $0.50 per share. The performance reflects progress on delivering safe and reliable operations, with benefits seen from strategic initiatives across all business segments.

  • Net income attributable to HF Sinclair stockholders was $151.8 million, or $0.79 per diluted share.
  • Adjusted net income was $149.3 million, or $0.78 per diluted share.
  • EBITDA was reported at $408.0 million, with Adjusted EBITDA at $405.8 million.
  • Returned $467.1 million to stockholders through dividends and share repurchases.

Headline financials

Total Revenue

$7.85B

Previous: $7.83B+0.2%
EPS

$0.79

Previous: $2.60-69.6%
Adjusted EBITDA

$406M

Previous: $868M-53.2%
Adj. refinery margin per bbl

$11.33

Previous: $22.22-49.0%
Refinery throughput (BPD)

676.6K

Previous: 599.0K+13.0%
Quarterly dividend per share

$0.50

Previous: $0.45+11.1%
Renewables adj. margin/gal

$0.44

No prior period
Marketing adj. margin/gal

$0.06

No prior period
Refining Adjusted EBITDA

$187M

No prior period
Renewables Adjusted EBITDA

$2M

No prior period
Marketing EBITDA

$15M

No prior period
Lubricants & Spec. EBITDA

$97M

No prior period
Midstream Adjusted EBITDA

$110M

No prior period
Refinery utilization

93.6%

No prior period
Total debt

$2.64B

No prior period
Capital Expenditures

-$173M

Previous: -$164M-5.7%
Free Cash Flow

-$21.5M

Previous: $344M-106.3%
Net Income

$152M

Previous: $508M-70.1%
Operating Income

$197M

Previous: $704M-72.0%
Gross Profit

$197M

Previous: $1.56B-87.4%
Cash & Equivalents

$866M

Previous: $1.61B-46.3%
Total Assets

$17.4B

Previous: $18.2B-4.5%
Stock-Based Comp

$5.71M

Previous: $11.6M-50.7%

Revenue & EPS history

HF Sinclair · Revenue · Quarterly

$7.85B

Q2 2024+0.2%vs Q2 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

HF Sinclair · $10.5B total across 5 segments · Q3 2023

  • Refining
    $8.05B-2.2%
  • Marketing
    $1.26B-0.6%
  • Lubricants & Specialties
    $687M-16.3%
  • Renewables
    $331M+29.9%
  • Midstream
    $158M+506.0%

Forward guidance

HF Sinclair remains focused on executing its strategy to improve reliability, optimize and integrate across its portfolio, and generate strong cash flows to deliver returns to its shareholders.

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 2024

Historical avgQ2 2024

-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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