NYSE$DINO

HF Sinclair Corp. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported a net loss, but marketing, midstream and lubricants & specialties segments showed strong earnings. Company returned capital to stockholders through dividends and share repurchases.

HF Sinclair reported a net loss attributable to HF Sinclair stockholders of $(75.9) million, or $(0.40) per diluted share, for the third quarter. Adjusted net income was $96.5 million, or $0.51 per diluted share. The company returned $221.8 million to stockholders through dividends and share repurchases and announced a regular quarterly dividend of $0.50 per share.

  • Reported Net loss attributable to HF Sinclair stockholders of $(75.9) million, or $(0.40) per diluted share, and adjusted net income of $96.5 million, or $0.51 per diluted share, for the third quarter
  • Reported EBITDA of $98.6 million and Adjusted EBITDA of $316.0 million for the third quarter
  • Returned $221.8 million to stockholders through dividends and share repurchases in the third quarter
  • Announced a regular quarterly dividend of $0.50 per share

Headline financials

Total Revenue

$7.21B

Previous: $8.91B-19.1%
EPS

-$0.40

Previous: $4.06-109.9%
Adjusted EBITDA

$316M

Previous: $1.21B-73.8%
Adj. refinery margin per bbl

$10.79

Previous: $26.59-59.4%
Refinery throughput (BPD)

649.8K

Previous: 645.1K+0.7%
Quarterly dividend per share

$0.50

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

$0.41

No prior period
Marketing adj. margin/gal

$0.09

No prior period
Refining Adjusted EBITDA

$110M

No prior period
Renewables Adjusted EBITDA

$1M

No prior period
Marketing EBITDA

$22M

No prior period
Lubricants & Spec. EBITDA

$76M

No prior period
Midstream Adjusted EBITDA

$111M

No prior period
Refinery utilization

89.5%

No prior period
Total debt

$2.64B

No prior period
Crude charge (BPD)

607.0K

No prior period
Renewables sales (gallons)

68.8M

No prior period
Marketing sales (gallons)

365.0M

No prior period
Lubricants sales (BPD)

32.9K

No prior period
Total pipeline & terminal (BPD)

2.1M

No prior period
Capital Expenditures

-$297M

Previous: -$239M-24.0%
Free Cash Flow

-$373M

Previous: $551M-167.6%
Net Income

-$75.9M

Previous: $791M-109.6%
Operating Income

-$121M

Previous: $1.07B-111.3%
Gross Profit

-$121M

Previous: $1.97B-106.1%
Cash & Equivalents

$1.23B

Previous: $2.21B-44.5%
Total Assets

$16.9B

Previous: $18.9B-10.7%
Stock-Based Comp

$4.75M

Previous: $11.5M-58.6%

Revenue & EPS history

HF Sinclair · Revenue · Quarterly

$7.21B

Q3 2024-19.1%vs Q3 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 committed to safe and reliable operations, and believes the diversification of its businesses positions it to generate through-cycle cash flows and continued 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 Q3 2024

Historical avgQ3 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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