NYSE$DINO

HF Sinclair Corp. · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

HF Sinclair reported Q3 2025, revenue of $7.25B, net income of $403M, diluted EPS of $2.15.

For Q3 2025, HF Sinclair reported revenue of $7.25B, net income of $403M, diluted EPS was $2.15. The filing highlights segment trends, liquidity, and management commentary on the period.

  • Revenue $7.25B.
  • Net income $403M.
  • Diluted EPS $2.15.

Headline financials

Total Revenue

$7.25B

Previous: $7.21B+0.6%
EPS (adj)

$2.15

Previous: -$0.40+637.5%
Adjusted EBITDA

$870M

Previous: $316M+175.3%
Adj. refinery margin per bbl

$19.16

Previous: $10.79+77.6%
Refinery throughput (BPD)

681.1K

Previous: 649.8K+4.8%
Quarterly dividend per share

$0.50

Previous: $0.50+0.0%
Renewables adj. margin/gal

$0.18

Previous: $0.41-56.1%
Marketing adj. margin/gal

$0.11

Previous: $0.09+22.2%
Refining Adjusted EBITDA

$661M

Previous: $110M+500.9%
Renewables Adjusted EBITDA

-$13M

Previous: $1M-1400.0%
Marketing EBITDA

$29M

Previous: $22M+31.8%
Lubricants & Spec. EBITDA

$78M

Previous: $76M+2.6%
Midstream Adjusted EBITDA

$114M

Previous: $111M+2.7%
Refinery utilization

94.3%

Previous: 89.5%+5.4%
Total debt

$2.77B

Previous: $2.64B+4.9%
Crude charge (BPD)

639.0K

Previous: 607.0K+5.3%
Renewables sales (gallons)

57.2M

Previous: 68.8M-16.9%
Marketing sales (gallons)

360.5M

Previous: 365.0M-1.2%
Lubricants sales (BPD)

32.0K

Previous: 32.9K-2.8%
Total pipeline & terminal (BPD)

2.1M

Previous: 2.1M-1.7%
Capital Expenditures

-$318M

Previous: -$297M-7.1%
Net Income

$403M

Previous: -$75.9M+630.7%
Operating Income

$564M

Previous: -$121M+567.1%

Revenue & EPS history

HF Sinclair · Revenue · Quarterly

$7.25B

Q3 2025+0.6%vs Q3 2024
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

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter.
  • Balance sheet and liquidity support ongoing operations.
  • Strategic initiatives cited in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

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 2025

Historical avgQ3 2025

-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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