HF Sinclair Posts $2.0B Q3 Profit, $11.38 EPS, and Names Ledbetter CEO
DINO has more than doubled off its 52-week low of $45.71.
Summary
HF Sinclair earned $2,015 million, or $11.38 per diluted share, in Q3 2026 as refining margins nearly tripled, declared a $0.525 quarterly dividend, and named Steve Ledbetter CEO effective January 1, 2027.
Key Events · Earnings and Guidance · DINO
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Q3 Earnings Surge on Refining Margins
Net income attributable to stockholders was $2,015 million, or $11.38 per diluted share, versus $403 million, or $2.15, a year earlier; adjusted EPS was $11.75 versus $2.44.
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Refining Margin Nearly Triples
Refining segment income before interest and income taxes reached $2,435 million versus $476 million, and adjusted refinery gross margin rose 183% to $54.22 per produced barrel from $19.16.
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Cash Build and $572M Returned
Cash and equivalents reached $3,333 million at September 30, 2026, up $2,355 million from $978 million at December 31, 2025, while the company returned $572 million via $93 million of dividends and $479 million of buybacks.
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Dividend Held at $0.525
The board declared a regular quarterly dividend of $0.525 per share, payable December 2, 2026 to holders of record on November 12, 2026.
Analysis · DINO · Energy & Transportation
Third-quarter net income attributable to stockholders jumped to $2,015 million ($11.38 per diluted share) from $403 million a year earlier, with adjusted EPS of $11.75 against $2.44. Refining drove the result: segment income before interest and taxes of $2,435 million versus $476 million, and adjusted refinery gross margin of $54.22 per produced barrel, up 183% from $19.16, on tight fuel supply, elevated crack spreads and EPA small-refinery RINs waivers. Cash generation was strong enough to lift cash to $3,333 million from $978 million at year-end while returning $572 million to holders in the quarter. Alongside the results, the board named President and COO Steve Ledbetter CEO effective January 1, 2027, with Franklin Myers moving to Executive Chairperson to oversee the planned Lubricants & Specialties separation through 2027. The earnings beat and the succession clarity both land at once, and the dividend was held at $0.525.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, DINO was trading at $116.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $20.3B. The 52-week trading range was $45.71 to $129.37. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.