HF Sinclair Corporation reports news about an independent energy company that produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, lubricants and specialty products. The company owns and operates refineries in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah, provides petroleum product and crude oil transportation, terminalling, storage and throughput services, and sells refined products across the Southwest, Rocky Mountains, Pacific Northwest and neighboring Plains states.
Recurring updates for DINO include operating and financial results, regular cash dividends, refining margins and segment performance, renewable diesel volumes, branded fuel marketing initiatives under the Sinclair brand, and governance or leadership developments. Company news also covers its base oils and specialized lubricants business in the U.S., Canada and the Netherlands, along with international product exports.
HF Sinclair (DINO) appointed Steve Ledbetter as chief executive officer and president, effective January 1, 2027, succeeding Franklin Myers. Ledbetter currently serves as president and chief operating officer. The board also plans to expand its membership and appoint him as a director at a later date.
Myers will serve as CEO through January 1, 2027, to support the transition. He will then remain a company officer and executive chairperson until completion of HF Sinclair’s previously announced plan to pursue a separation of its Lubricants & Specialties segment, advising on matters related to that planned separation. The board described Ledbetter’s appointment as the result of its succession planning process. Ledbetter has served as president and chief operating officer since July 2026.
HF Sinclair (DINO) reported third-quarter 2026 net income attributable to stockholders of $2,015 million, up from the year-earlier quarter. Diluted earnings were $11.38 versus $2.15, while revenue rose 50% to $10,857 million. Adjusted net income reached $2,079 million, or $11.75 per diluted share, versus $459 million, or $2.44.
Refining income before interest and taxes rose to $2,435 million from $476 million. Renewables and Marketing also improved, while Lubricants & Specialties and Midstream income declined. Operating cash flow was $1,784 million. Share repurchases totaled $479 million, alongside $93 million in dividends.
A regular $0.525 quarterly dividend is payable December 2, 2026, to holders of record November 12. The company expects its planned Lubricants & Specialties separation to be substantially completed during 2027. Mississauga asset retirement generated impairment, severance and accelerated depreciation charges.
HF Sinclair (DINO) will release financial results for the quarter ending September 30, 2026 on October 28, 2026, before the start of NYSE and NYSE Texas trading.
The company will host a webcast conference the same day at 8:30 a.m. Eastern time to discuss the results, with an audio archive available via the event link through October 11, 2026.
Phillips 66 (NYSE: PSX), Kinder Morgan (NYSE: KMI) and HF Sinclair (NYSE: DINO) approved a final investment decision and signed a joint venture to develop the Western Gateway Pipeline, a refined products system with an enterprise value of approximately $5.0 billion.
The partners will own 49.9% (Phillips 66), 35.1% (Kinder Morgan) and 15% (HF Sinclair). Western Gateway is planned as a 1,300-mile system with design capacity of 230,000 barrels per day, creating a new fuel supply route from St. Louis and Gulf Coast origins to Arizona and California.
The project includes a roughly 900-mile new-build pipeline from Borger, Texas, to Phoenix, constructed and operated by Phillips 66, and Kinder Morgan’s SFPP East and West Line assets, valued at about $1.5 billion, contributed to the joint venture.
According to the companies, cash contributions will total about $2.5 billion from Phillips 66, $250 million from Kinder Morgan and $750 million from HF Sinclair. The system is supported primarily by 10-year take-or-pay contracts and targets completion in 2029, subject to permits and regulatory approvals.
HF Sinclair (NYSE: DINO), via its Sinclair Oil brand, launched Mammoth Monday, a weekly fuel savings event for DINOPAY app users starting August 3, 2026. Eligible customers can activate an in-app coupon to save 20¢ per gallon, or 25¢ with Mobile Advantage, every Monday at participating Sinclair stations.
HF Sinclair (NYSE: DINO) announced that its Lubricants & Specialties segment has entered into long-term commercial agreements with SK Enmove and Chevron Products Company to create a diversified base oil supply network across North America. SK Enmove will supply Group III base oils, and Chevron will supply Group II base oils, with HF Sinclair distributing YUBASE Group III in key regional markets and Chevron-branded Group II in Canada and select U.S. regions.
Together with continued access to Group I and specialty products from HF Sinclair’s Tulsa refinery, the deals support a comprehensive Group I–III base oil portfolio and underpin the company’s plan to retire its base oil refining assets in Mississauga, Ontario, with the transition expected to be completed in the second half of 2027.
HF Sinclair (NYSE:DINO) reported second quarter 2026 net income attributable to stockholders of $892 million ($4.93 per diluted share), up from $208 million in 2025, and adjusted net income of $960 million ($5.31 per diluted share). Reported EBITDA was $1,404 million and adjusted EBITDA $1,482 million.
Refining adjusted EBITDA reached $1,023 million with adjusted refinery gross margin of $25.95 per produced barrel sold (57% above 2025). Renewables, Marketing and Lubricants & Specialties all improved, while Midstream adjusted EBITDA held at $112 million. Operating cash flow was $1,510 million, cash rose to $2,262 million, and consolidated debt was $2,772 million.
The company returned $265 million to stockholders via dividends and buybacks, announced a 5% quarterly dividend increase to $0.525 per share, and plans to separate its Lubricants & Specialties segment into a new public company within 12–18 months, while retiring base oil refining assets in Mississauga, Ontario by 2027.
HF Sinclair (NYSE: DINO) plans to pursue a separation of its Lubricants & Specialties segment through the capital markets, creating a new independent, publicly traded company with a capital-light model and a focus on stronger, more consistent free cash flow.
As part of this transformation, HF Sinclair intends to retire its base oil refining assets in Mississauga, Ontario, with the transition expected to be substantially completed during 2027, while maintaining R&D, blending, packaging, logistics and commercial operations in Ontario. Base oil supply for the independent Lubricants & Specialties business is expected to come from new strategic agreements with two global base oil manufacturers plus continued access to Group I and specialty products from HF Sinclair’s Tulsa refinery.
The company highlights expected benefits of the separation for both entities, including enhanced strategic focus, capital allocation tailored to each business, independent transaction capabilities, and dedicated leadership and governance. Following completion, HF Sinclair expects to operate as an integrated downstream company across refining, midstream, marketing and renewables, prioritize an investment‑grade profile and target a 50% payout ratio via dividends and share repurchases. HF Sinclair anticipates executing the separation in a tax‑efficient manner over the next 12–18 months, subject to Board approval, tax and regulatory clearances, SEC and NYSE processes, financing for the new company and other customary conditions, noting there is no assurance the separation will occur.
HF Sinclair (NYSE:DINO) announced key leadership changes. Steven Ledbetter, formerly Executive Vice President, Commercial, has been appointed President and Chief Operating Officer. He will oversee operations and commercial organizations while advancing priorities such as safety, reliability, cost efficiency and value creation.
Valerie Pompa, formerly Executive Vice President, Operations, has been appointed President, Growth, Technology and Transformation, leading enterprise-wide growth and technology strategy. Matthew Joyce remains Senior Vice President, Lubricants & Specialties, reporting directly to CEO Franklin Myers, who continues as Chief Executive Officer on a temporary basis.
HF Sinclair (NYSE:DINO) will release results for the quarter ending June 30, 2026 on July 28, 2026, before NYSE and NYSE Texas trading opens. A webcast conference call is scheduled for 8:30 a.m. Eastern time the same day to discuss the financial results.
The webcast will be available via online stream, with an audio archive accessible through August 11, 2026. HF Sinclair is an independent energy company focused on gasoline, diesel, jet fuel, renewable diesel, lubricants and specialty products, with refineries and marketing operations across multiple U.S. regions and international lubricant markets.