M&A
confidence high
sentiment positive
materiality 0.85
HF Sinclair Q2 net income $892M, plans to spin off Lubricants & Specialties
HF Sinclair Corp
- Net income $892M ($4.93/diluted); adjusted net income $960M ($5.31/diluted), vs $208M ($1.10) YoY.
- Quarterly dividend raised 5% to $0.525/share, payable Sept 2, 2026 to holders of record Aug 11.
- Plans to separate Lubricants & Specialties via capital markets into new public company over 12-18 months.
- Will retire base oil refining assets in Mississauga, Ontario, transition substantially complete by end of 2027.
- Refining segment income $877M (vs $166M YoY); adjusted refinery gross margin $25.95/bbl, up 57%.