HF Sinclair Q3 adjusted EPS beats expectations on higher refining margins

Overview

• HF Sinclair Q3 adjusted EPS beats analyst expectations, indicating strong operational performance

• Adjusted EBITDA for Q3 exceeds analyst estimates, driven by improved operating performance

• Company returned $254 mln to shareholders via dividends and share repurchases

Outlook

• Company expects to capture more value from the Producer’s Tax Credit (PTC) in Q4 2025

• Company remains committed to generating strong cash flows to return to shareholders

Result Drivers

• REFINING PERFORMANCE - Higher adjusted refinery gross margins and increased throughput drove refining segment income, supported by EPA RINs waivers

• COST MANAGEMENT - Reduction in operating costs contributed to improved financial results across segments

• MARKETING MARGINS - Higher margins and optimized store mix boosted marketing segment income

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

• Wall Street's median 12-month price target for HF Sinclair Corp is $58.50, about 7.8% above its October 29 closing price of $53.96

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw3GtWLFa

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