NYSE$DINO

HF Sinclair Corp. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

HF Sinclair reported strong third quarter results driven by solid performance across its refining, lubricants, HEP and marketing businesses.

HF Sinclair reported a net income attributable to stockholders of $790.9 million, or $4.23 per diluted share. Adjusted net income was $760.4 million, or $4.06 per diluted share. The company returned $669.2 million to stockholders through dividends and share repurchases. The Board of Directors declared a regular quarterly dividend of $0.45 per share.

  • Net income attributable to HF Sinclair stockholders was $790.9 million, or $4.23 per diluted share.
  • Adjusted net income was $760.4 million, or $4.06 per diluted share.
  • EBITDA was $1,245.6 million and Adjusted EBITDA was $1,206.5 million.
  • Returned $669.2 million to stockholders through dividends and share repurchases.

Headline financials

Total Revenue

$8.91B

Previous: $10.6B-16.0%
EPS (adj)

$4.06

Previous: $4.58-11.4%
Adjusted EBITDA

$1.21B

Previous: $1.5B-19.6%
Adj. refinery margin per bbl

$26.59

Previous: $31.47-15.5%
Refinery throughput (BPD)

645.1K

Previous: 645.8K-0.1%
Quarterly dividend per share

$0.45

Previous: $0.40+12.5%
Capital Expenditures

-$239M

Previous: -$386M+38.0%
Free Cash Flow

$551M

Previous: $568M-2.9%
Net Income

$791M

Previous: $954M-17.1%
Operating Income

$1.07B

Previous: $1.33B-19.3%
Gross Profit

$1.97B

Previous: $2.22B-11.4%
Cash & Equivalents

$2.21B

Previous: $1.45B+53.0%
Total Assets

$18.9B

Previous: $18.2B+3.7%
Stock-Based Comp

$11.5M

Previous: $6.06M+89.4%

Revenue & EPS history

HF Sinclair · Revenue · Quarterly

$8.91B

Q3 2023-16%vs Q3 2022
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 of safe and reliable operations as it continues to integrate and optimize its assets across its portfolio.

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 Q3 2023

Historical avgQ3 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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