HF Sinclair Corporation · DINO · FY2026 Q1 · Calendar Q2 2026

HF Sinclair: Strong renewables and refining quarter, leadership transition remains

The quarter supports a constructive operating picture, with stronger renewables and refining performance and continued benefits from an integrated value chain. The main counterweights are leadership succession, credit and policy exposure, and volatile crude and feedstock markets.

Reported Before market openNYSEEnergy $19.71B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.69 Consensus $-0.06
EPS surprise +1166.1% Reported versus consensus
Reported revenue $7.12B Consensus $6.83B
Revenue surprise +4.4% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +2.9% Event window
SPY move +0.3% Same window
Abnormal move +2.6% Stock minus SPY
Volume 1.9× Versus trailing sessions
Subsequent drift +2.4% Up to 20 sessions
DINOSPY benchmark

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Transcript intelligence

What changed

Management described stronger performance across refining, renewables, marketing, lubricants and midstream, alongside progress on operational flexibility projects. The leadership transition remains unresolved, and management continues to emphasize execution amid commodity and policy volatility.

Guidance delta

Maintained

Key takeaways

  • Renewables and improved refinery performance were the principal operating positives in the quarter.
  • Management highlighted operational flexibility, branded-site expansion and integrated value-chain benefits.
  • Leadership succession, RIN/RVO policy exposure and crude, spread and feedstock volatility remain central watchpoints.

Management priorities

  • Advance western-market and refinery flexibility projects.
  • Continue Sinclair branded-fuel expansion and pursue lubricants and specialty acquisitions.
  • Maintain shareholder returns while executing through the leadership transition.

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Earnings History

Estimate Beat Miss Match
DINO REVENUE earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $8B Q4 '23 actual $8B, beat Q1 '24 estimate $8B Q1 '24 actual $7B, miss Q2 '24 estimate $8B Q2 '24 actual $8B, beat Q3 '24 estimate $7B Q3 '24 actual $7B, beat Q2 '25 estimate $7B Q2 '25 actual $7B, miss Q3 '25 estimate $6B Q3 '25 actual $7B, beat Q4 '25 estimate $6B Q4 '25 actual $6B, beat Q1 '26 estimate $7B Q1 '26 actual $7B, beat Q2 '26 estimate $9B Q2 '26 actual $10B, beat Q3 '26 estimate $9B Q3 '26 actual $11B, beat Q4 '26 estimate $9B Q1 '27 estimate $8B Q2 '27 estimate $9B Q3 '27 estimate $8B
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Analyst Consensus ?

ConsensusBuy17 ratings
Bullish952.9%
Neutral741.2%
Bearish15.9%

Analyst 52W Price Targets

$115Current
$49Low
$95.62Average
$152High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
TD Cowen Hold HoldMaintainOct 22, 2026
Wells Fargo Equal Weight Equal WeightMaintainOct 14, 2026
Evercore ISI Group In Line In LineMaintainOct 12, 2026
Barclays Equal Weight Equal WeightMaintainOct 12, 2026
Goldman Sachs Buy BuyMaintainOct 9, 2026
Show 12 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $115. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Raymond JamesJustin Jenkins$150$111.96 +30.4%Oct 28, 2026
Raymond JamesJustin Jenkins$160$114.21 +39.1%Oct 28, 2026
Piper SandlerAnalyst unavailable$152$125.25 +32.2%Oct 27, 2026
Wells FargoAnalyst unavailable$135$128.23 +17.4%Oct 14, 2026
Goldman SachsAnalyst unavailable$142$120.72 +23.5%Oct 9, 2026
See 59 more

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Company context

Snapshot as of publication

HF Sinclair Corporation operates as a prominent independent energy enterprise, engaged in the production and commercialization of a diverse array of petroleum products. Its offerings include conventional fuels such as gasoline, diesel, and jet fuel, alongside its growing renewable diesel segment. The company also specializes in unique lubricants, chemicals, and various types of asphalt. With a network of refineries strategically located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming, HF Sinclair primarily distributes its refined output across the Southwestern United States, the Rocky Mountain…

Historical context

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-01T03:40:40.469276+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T03:40:40.466543+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.