HF Sinclair Corporation Q1 2026 Earnings Release

HF Sinclair Corporation reported strong first quarter 2026 results, with net income attributable to stockholders of $648 million, or $3.56 per diluted share, a significant increase from a net loss of $4 million, or $(0.02) per diluted share, in the first quarter of 2025. Adjusted net income was $127 million, or $0.69 per diluted share, compared to an adjusted net loss of $50 million, or $(0.27) per diluted share, in the prior year. The company announced a regular quarterly dividend of $0.50 per share. All business segments contributed to the positive results, with notable improvements in the Refining and Renewables segments. Refining segment income before interest and taxes was $514 million, compared to a loss of $30 million in Q1 2025, driven by higher adjusted refinery gross margins. The Renewables segment reported income before interest and taxes of $182 million, a substantial turnaround from a loss of $39 million in Q1 2025, due to improved margins and increased sales volumes. The company also reported EBITDA of $1,097 million and Adjusted EBITDA of $426 million. Cash and cash equivalents increased to $1,148 million as of March 31, 2026. The company returned $167 million to stockholders through dividends and share repurchases in the quarter.