| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 10.9K | 4.5% | 49.7% |
| Total Income | 10.9K | 4.5% | 49.7% |
| Expenditure | 8.2K | 11.2% | 22.4% |
| PBT | 2.6K | 126.0% | 401.7% |
| Net Profit | 2.0K | 125.9% | 400.0% |
| OPM | 24.61% | 13.37pp | 16.83pp |
| NPM | 18.56% | 9.97pp | 13.00pp |
| EPS | 11.38 | 130.8% | 429.3% |
HF Sinclair Reports Strong Q3 2026 Results, Net Income Soars to $2,015 Million
28 Oct 2026 · 28 Oct, 4:06 pm
Summary
HF Sinclair Corporation reported a strong third quarter of 2026 with net income attributable to stockholders reaching $2,015 million, or $11.38 per diluted share, a substantial increase from $403 million in the prior year. Total revenues surged by 50% year-over-year to $10,857 million, driven by robust performance in the Refining segment, which benefited from elevated crack spreads and tight market supply. The company also highlighted its commitment to shareholder returns, having returned $572 million through dividends and share repurchases during the quarter.
Key Highlights
- 1
HF Sinclair reported a net income attributable to stockholders of $2,015 million, or $11.38 per diluted share, for the third quarter of 2026.
- 2
Adjusted net income attributable to HF Sinclair stockholders was $2,079 million, or $11.75 per diluted share, a significant increase from $459 million in the prior year's third quarter.
- 3
EBITDA for the third quarter of 2026 was $2,954 million, with Adjusted EBITDA at $2,984 million, demonstrating substantial year-over-year growth.
- 4
The Refining segment reported income before interest and income taxes of $2,435 million, with Adjusted EBITDA of $2,582 million, driven by elevated crack spreads and tight supply.
- 5
Total sales and other revenues for the third quarter of 2026 reached $10,857 million, a 50% increase compared to $7,251 million in the third quarter of 2025.
- 6
The company returned $572 million to stockholders through dividends and share repurchases in the third quarter.
- 7
A regular quarterly dividend of $0.525 per share was announced.
Management Comments
Franklin Myers
Our third quarter performance reflects the strength and continued focus on safe, reliable execution of all our businesses. Importantly, we returned $572 million to stockholders through dividends and share repurchases, reinforcing our commitment to disciplined capital allocation and stockholder returns. Looking forward, we remain focused on safe and reliable operations, advancing our strategic priorities and positioning HF Sinclair to create long-term value for our stockholders. It has been an honor to serve as CEO of HF Sinclair and to work alongside our employees, customers and business partners. Having worked closely with Steve, I have seen firsthand his deep understanding of our businesses. He is exceptionally well prepared for this role, and I have complete confidence that he is the right leader to guide HF Sinclair through its next chapter. I look forward to continuing to work with Steve as executive chairperson, while supporting the Company as we advance the planned separation of the Lubricants & Specialties business.
Leldon Echols
Steve’s appointment as the next permanent HF Sinclair CEO and president reflects the Board’s thoughtful and deliberate succession planning process. Through his leadership and oversight of HF Sinclair’s commercial organization and operations, Steve has developed a deep understanding of HF Sinclair’s Refining, Renewables, Marketing and Midstream businesses. He has played a key role in efforts to improve safety, reliability and cost efficiency while unlocking value across the Company’s integrated platform. His commercial insights, operational expertise, and enterprise perspective make him well suited to lead HF Sinclair as we continue to strengthen our businesses and sharpen our focus to advance our strategic priorities.
Steve Ledbetter
I am excited to take on the role of CEO and president of HF Sinclair. Having worked across our businesses and closely with our employees over the past several years, I have tremendous confidence in our people, our assets and our ability to execute. We have a strong foundation and a portfolio of high-quality businesses that position us well for the opportunities ahead. We will continue to focus on safety, reliability, commercial excellence and disciplined capital allocation as we execute our strategy and deliver value for shareholders, customers and employees. I am honored to lead HF Sinclair into its next chapter.
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