HF Sinclair Corporation's stock has climbed 113.9% over the past year, trailing the industry's 124.6% growth while outpacing Phillips 66's 102.6% gain and slightly lagging Marathon Petroleum's 123.4% rise. The company operates seven complex refineries with a combined processing capacity of 678,000 barrels per day, and management expects tighter refining capacity and low global refined product inventories to support refining market fundamentals well into 2027. Disruptions in the Middle East and damage to refining infrastructure in Russia have taken roughly 5-7 million barrels per day of global refining capacity offline compared with the situation five months earlier, a constraint management believes will take time to recover. HF Sinclair is also advancing its El Dorado vacuum furnace project, expected to add incremental processing capacity of 10,000 barrels per day of heavy crude, while its renewable diesel segment improved in the second quarter on higher RIN prices, Producer's Tax Credit benefits and higher production volumes, with management expecting the favorable backdrop to persist through 2026. The Zacks Consensus Estimate for HF Sinclair's 2026 earnings is $12.17 per share, indicating 140.5% year-over-year growth, and the stock carries a Zacks Rank #1 (Strong Buy).
HF Sinclair CorpTight global refining capacity (5-7 million bpd offline from Middle East disruptions and Russian infrastructure damage) supports HF Sinclair's refining margins into 2027.
Marathon Petroleum Corp
Phillips 66