HF Sinclair Corporation (DINO)
NYSE · Energy · analysed November 9, 2026
HF Sinclair Corporation is an independent downstream energy company that produces and markets transportation fuels—such as gasoline, diesel, and jet fuel—along with renewable diesel, specialty lubricants, and asphalt. Although the modern corporate entity was established in 2022 through the combination of HollyFrontier Corporation and Sinclair Oil, its foundational roots date back to 1916. The company is currently focused on improving refinery reliability and cost efficiency, maintaining disciplined capital returns to shareholders through dividends and share buybacks, and advancing strategic portfolio initiatives, including the planned separation of its Lubricants and Specialties business.
Executive summary
HF Sinclair has generated record earnings on the back of historic refining crack spreads, disciplined inland crude feedstock sourcing, and aggressive share repurchases. However, with the stock having more than doubled over the past year, the company faces an impending cyclical normalization, with fiscal 2027 consensus earnings per share projected to contract by more than 55%. While the balance sheet is clean and the planned 2027 spin-off of its lubricants business provides strategic optionality, peaking commodity refining margins limit near-term upside.
Key figures
- Market cap
- $19.1B
- P/E, trailing
- 5.7
- P/E, next 12 months
- 10.7
- Revenue growth, fiscal year to Dec 2025
- -6.0%
- Net margin, fiscal year to Dec 2025
- 2.1%
Market cap and P/E as found on November 9, 2026.