HF Sinclair Corporation

DINO: 8-K · share repurchase

HF Sinclair Corporation's board of directors authorized a new $1.5 billion share repurchase program on August 26, 2026, disclosed via Item 8.01 of an 8-K. The authorization is effective immediately. The new program replaces all existing repurchase authorizations, under which only about $11 million remained from the program initially authorized in May 2024. The board also authorized repurchases sufficient to offset shares issued under the company's compensation programs. Repurchases may be made in the open market, through privately negotiated transactions, or via negotiated purchases from REH Advisors Inc., subject to REH's interest and other limitations. Timing and size will depend on market, corporate, tax and regulatory considerations, and the program may be discontinued by the board at any time.

SEC 8-K•1mo ago

Phillips 66, Kinder Morgan and HF Sinclair Announce Final Investment Decision for Western Gateway Pipeline

HF Sinclair, along with partners Phillips 66 and Kinder Morgan, made a final investment decision to proceed with the Western Gateway Pipeline joint venture, securing a 15% ownership stake. The project carries an enterprise value of approximately $5.0 billion, with HF Sinclair committing roughly $750 million in cash to the development. The 1,300-mile pipeline system is designed to transport 230,000 barrels per day and is targeting completion in 2029, subject to regulatory approvals.

•2mo ago

DINO: 8-K · share repurchase

HF Sinclair Corporation entered into a Stock Purchase Agreement dated August 2, 2026 to repurchase 2,375,000 shares of its common stock from REH Advisors Inc. at $89.41 per share, for an aggregate purchase price of approximately $212 million. This is the twenty-second privately negotiated repurchase between the company and the Sinclair family holding entity. The Board increased the previously disclosed $1 billion share repurchase program by $15 million effective July 31, 2026. HF Sinclair has now repurchased over $1 billion under the program to date, inclusive of this deal, leaving approximately $11 million of authorization remaining. The repurchase will be funded with cash on hand and is expected to close on or around August 5, 2026, with the shares held as treasury stock. REH Advisors still beneficially owns 11,256,662 shares, roughly 6% of outstanding common stock, so further related-party buybacks remain possible.

SEC 8-K•2mo ago

Sinclair Launches Mammoth Monday, With Fuel Savings of up to 25 Cents Per Gallon

Sinclair Oil, an HF Sinclair brand, launched the national 'Mammoth Monday' campaign, offering DINOPAY users weekly fuel discounts of 20 cents per gallon. Users linking a bank account via Mobile Advantage can save 25 cents per gallon by activating an in-app coupon before fueling at participating stations. The promotion starts Aug. 3, 2026, and is designed to drive customer loyalty and increase adoption of the DINOPAY app.

•2mo ago

HF Sinclair’s Lubricants & Specialties Segment Establishes Strategic Base Oil Supply Network Through Agreements with SK Enmove and Chevron

HF Sinclair's Lubricants & Specialties segment entered long-term agreements with SK Enmove and Chevron to build a diversified base oil supply network. The company will distribute SK Enmove's YUBASE Group III oils and Chevron's Group II oils in North America, bolstering its product portfolio. These deals underpin the strategic retirement of HF Sinclair's base oil refining assets in Mississauga, Ontario, targeted for completion in the second half of 2027.

•2mo ago

DINO: 10-Q · periodic report

HF Sinclair reported strong financial results for the second quarter of 2026, with net income attributable to stockholders surging 329% to $892 million, or $4.93 per share. Revenue increased 53% to $10.39 billion, driven by higher refined product sales prices and volumes, while adjusted refinery gross margins rose 57% to $25.95 per barrel. The Board of Directors declared a 5% increase in the quarterly dividend to $0.525 per share and announced plans to pursue a separation of the Lubricants & Specialties segment. Additionally, the company completed the acquisition of Industrial Oils Unlimited for $40 million in January and repurchased $100 million of shares from REH Advisors. Balance sheet strength remained evident with cash and cash equivalents growing to $2.26 billion and total debt holding steady at $2.77 billion. The company expects to run between 590,000 and 620,000 barrels per day of crude oil in the third quarter, reflecting planned turnaround activities.

SEC 10-Q•2mo ago

HF Sinclair Reports 2026 Second Quarter Results and Announces Increase in Regular Cash Dividend

HF Sinclair reported Q2 2026 net income of $892 million, or $4.93 per share, surging 329% from the prior year, as Adjusted EBITDA climbed 123% to $1.48 billion on strong refining margins. The Board declared a 5% increase in the regular quarterly dividend to $0.525 per share and announced plans to separate the Lubricants & Specialties segment into a new independent, publicly traded company within 12-18 months. Operational cash flow totaled $1.51 billion in the quarter, while the company returned $265 million to shareholders through dividends and repurchases, ending the period with $2.26 billion in cash.

•2mo ago

HF Sinclair Announces Strategic Transformation, Including Plans to Pursue A Separation of Lubricants & Specialties and Planned Retirement of its Canadian Base Oil Refining Assets

HF Sinclair announced plans to separate its Lubricants & Specialties segment into an independent publicly traded company and retire its base oil refining assets in Mississauga, Ontario. The separation is intended to be tax-efficient and executed within 12 to 18 months, creating a capital-light entity focused on technology and brands while HF Sinclair concentrates on refining, midstream, and renewables. Post-transaction, HF Sinclair targets a 50% payout ratio through dividends and buybacks, maintaining an investment-grade profile.

•2mo ago

HF Sinclair Reports 2026 First Quarter Results and Announces Regular Cash Dividend

HF Sinclair reported a strong turnaround in the first quarter of 2026, swinging from a net loss of $4 million a year ago to net income of $648 million. Revenue rose 12% to $7.12 billion, supported by improved margins across all business segments, particularly in Renewables and Refining. Adjusted EBITDA more than doubled to $426 million from $201 million in the prior-year quarter, driven by higher renewables margins, increased sales volumes, and favorable refinery crack spreads. The company returned $167 million to shareholders through a $91 million dividend payment and $76 million in share repurchases. The Board declared a regular quarterly dividend of $0.50 per share, payable June 2.

•5mo ago