NYSE$DINO

HF Sinclair Corp. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

HF Sinclair reported a net loss for Q4 2023, but adjusted net income showed positive earnings. The company focused on operational improvements and shareholder returns.

HF Sinclair reported a net loss of $(62.2) million for the fourth quarter of 2023, or $(0.34) per diluted share. However, adjusted net income was $164.6 million, or $0.87 per diluted share. The company returned $247.5 million to stockholders through dividends and share repurchases and announced an increase in the regular quarterly dividend to $0.50 per share.

  • Reported net loss attributable to HF Sinclair stockholders of $(62.2) million, or $(0.34) per diluted share, and adjusted net income of $164.6 million, or $0.87 per diluted share.
  • Reported EBITDA of $128.4 million and adjusted EBITDA of $427.7 million.
  • Returned $247.5 million to stockholders through dividends and share repurchases.
  • Announced $0.05 increase in regular quarterly dividend to $0.50 per share.

Headline financials

Total Revenue

$7.66B

Previous: $8.99B-14.7%
EPS (adj)

$0.87

Previous: $2.97-70.7%
Adjusted EBITDA

$428M

Previous: $1B-57.4%
Adj. refinery margin per bbl

$13.88

Previous: $23.47-40.9%
Refinery throughput (BPD)

664.4K

Previous: 673.1K-1.3%
Quarterly dividend per share

$0.50

Previous: $0.45+11.1%
Capital Expenditures

$114M

Previous: $98.8M+15.4%
Net Income

-$33.7M

Previous: $625M-105.4%
Operating Income

-$77.4M

Previous: $827M-109.4%
Gross Profit

$703M

Previous: $1.58B-55.4%
Stock-Based Comp

$14.8M

Previous: $9.38M+57.5%

Revenue & EPS history

HF Sinclair · Revenue · Quarterly

$7.66B

Q4 2023-14.7%vs Q4 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 did not provide specific forward guidance in this earnings report. The focus is on executing their corporate strategy to maximize shareholder value, leveraging their diversified asset base and disciplined capital allocation approach.

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 2023

Historical avgQ4 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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