Quarterly ResultMay 1, 2026, 11:02 AM
DINO Q1 Revenue $7.12B, Net Income $648M, EPS $3.56
AI Summary
HF Sinclair Corp reported strong first-quarter 2026 results, with sales and other revenues increasing to $7.12 billion and net income attributable to stockholders reaching $648 million, a significant turnaround from a net loss in the prior year. The company also completed the acquisition of Industrial Oils Unlimited for $38 million in January 2026, expanding its lubricants and specialty fluids business. Operating cash flow improved substantially to $457 million, and the company paid $91 million in dividends.
Key Highlights
- Acquired Industrial Oils Unlimited for $38M in January 2026.
- Q1 2026 Sales and other revenues increased 11.8% to $7.12B.
- Q1 2026 Net income attributable to stockholders was $648M, up from $(4)M loss YoY.
- Q1 2026 Basic EPS was $3.56, compared to $(0.02) in Q1 2025.
- Net cash provided by operating activities was $457M, up from $(89)M used YoY.
- Paid $91M in dividends ($0.50 per common share) in Q1 2026.
- Purchased $76M of treasury stock in Q1 2026.
- Mid-Continent refined product revenues rose to $2.29B in Q1 2026.