NYSE$DINO

HF Sinclair Corp. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

HF Sinclair reported strong fourth quarter and full year results, driven by refining and lubricants segments and returned significant cash to shareholders.

HF Sinclair reported a net income attributable to HF Sinclair stockholders of $587.0 million, or $2.92 per diluted share, for the fourth quarter ended December 31, 2022. Adjusted net income was $597.8 million, or $2.97 per diluted share. The company returned $475.2 million to shareholders through dividends and share repurchases during the quarter and announced an increase in the regular quarterly dividend to $0.45 per share.

  • Reported net income attributable to HF Sinclair stockholders of $587.0 million, or $2.92 per diluted share, and adjusted net income of $597.8 million, or $2.97 per diluted share.
  • Reported EBITDA of $990.9 million and adjusted EBITDA of $1,004.1 million.
  • Returned $475.2 million to shareholders through dividends and share repurchases.
  • Announced $0.05 increase in regular quarterly dividend to $0.45 per share.

Headline financials

Total Revenue

$8.99B

Previous: $5.62B+59.8%
EPS (adj)

$2.97

Previous: -$0.11+2800.0%
Adjusted EBITDA

$1B

No prior period
Adj. refinery margin per bbl

$23.47

No prior period
Refinery throughput (BPD)

673.1K

No prior period
Quarterly dividend per share

$0.45

No prior period
Capital Expenditures

$98.8M

Previous: $254M-61.1%
Free Cash Flow

$816M

Previous: -$586M+239.2%
Net Income

$625M

Previous: -$39.5M+1680.6%
Operating Income

$827M

Previous: -$20.5M+4132.1%
Gross Profit

$1.58B

Previous: $522M+202.2%
Cash & Equivalents

$1.67B

Previous: $234M+610.2%
Total Assets

$18.1B

Previous: $12.9B+40.3%
Stock-Based Comp

$9.38M

Previous: $9.61M-2.4%

Revenue & EPS history

HF Sinclair · Revenue · Quarterly

$8.99B

Q4 2022+59.8%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

HF Sinclair · $8.96B total across 4 segments · Q4 2022

  • Refining
    $6.94B
  • Marketing
    $1.03B
  • Lubricants & Specialties
    $730M
  • Renewables
    $256M

Forward guidance

HF Sinclair did not provide specific forward guidance in this press release.

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 Q4 2022

Historical avgQ4 2022

-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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