HF Sinclair reported second-quarter 2026 sales of US$10,390 million and net income of US$892 million, and raised its quarterly dividend by 5% to US$0.525 per share. The company also announced plans to end base oil refining at its Mississauga plant by 2027, shifting Canada's largest base oil supply to imports and its Tulsa refinery while keeping the site as a blending and packaging hub under the Petro-Canada Lubricants brand. The dividend increase underscores management's commitment to returning cash even as it restructures its base oil network and faces potential capital spending and regulatory headwinds. Analysts' revenue and earnings estimates for 2029 vary widely, with the most optimistic projecting US$30.9 billion in revenue and US$1.4 billion in earnings, while a separate narrative model forecasts US$28.3 billion in revenue and US$932.6 million in earnings, implying a fair value of US$76.29 per share, a 17% downside to the current price.
HF Sinclair CorpStrong Q2 earnings beat and 5% dividend increase signal financial health and shareholder returns.