Press Release October 31, 2024 HF Sinclair Corporation Reports 2024 Third Quarter Results and Announces Regular Cash Dividend • Reported Net loss attributable to HF Sinclair stockholders of $(75.9) million, or $(0.40) per diluted share, and adjusted net income of $96.5 million, or $0.51 per diluted share, for the third quarter • Reported EBITDA of $98.6 million and Adjusted EBITDA of $316.0 million for the third quarter • Returned $221.8 million to stockholders through dividends and share repurchases in the ...

Core Insights - The article highlights HF Sinclair as a featured stock in the Safest Dividend Yields Model Portfolio, emphasizing its strong dividend yield and financial performance [2][3][6] Performance Summary - The Safest Dividend Yields Model Portfolio outperformed the S&P 500 by 5.1% on both price return (+6.6% vs. +1.5%) and total return (+7.0% vs. +1.9%) from June 18, 2024, to July 17, 2024 [4] - Among the 18 stocks in the portfolio, 8 outperformed their respective benchmarks during the same period [4] Company Overview: HF Sinclair - HF Sinclair's Core Earnings reached $1.5 billion in the trailing twelve months (TTM) ending Q1 2024, marking the highest level since 2013, excluding record highs in 2022 and 2023 [6] - The company has achieved compounded annual growth rates of 4% in revenue and 7% in Core Earnings from 2013 to the TTM ending Q1 2024 [7] Financial Metrics - HF Sinclair's regular dividend increased from $0.33 per share in Q2 2019 to $0.50 per share in Q2 2024, resulting in a current annualized dividend yield of 4.0% [8] - The company generated $6.0 billion in free cash flow (FCF) from 2019 through Q1 2024, significantly exceeding the $1.2 billion paid in dividends during the same period [8][9] Valuation Insights - HF Sinclair's current price of $350 per share corresponds to a price-to-economic book value (PEBV) ratio of 0.5, indicating market expectations of a 50% decline in NOPAT from TTM levels [10] - Even under conservative projections, the stock could be valued at $72 per share today, representing a 20% upside potential [11] Adjustments and Analysis - Significant adjustments were made to HF Sinclair's financial filings, including nearly $800 million in income statement adjustments and over $1.5 billion in balance sheet adjustments [12][13]

Investment Rating - The report assigns a "Buy" rating for HF Sinclair Corp (DINO) with a 12-month price target adjusted to US$70.00 from the previous US$73.00 [1]. Core Insights - HF Sinclair Corp (DINO) provided guidance for 3Q24 throughput of 570-600 mb/d, accounting for turnarounds at the Parco and El Dorado refineries [1]. - The company has signed contracts to convert 150 stores to its branded wholesale sites, expecting growth of approximately 10% over the next 6 to 12 months [1]. - The renewable diesel business has become profitable in a low-margin environment, with DINO increasing utilization of pretreatment units and lowering operating costs [1]. - The Lubes business is projected to run at an EBITDA of US$350 million, with an EBITDA margin of 12-13% [1]. - DINO anticipates widening Canadian crude differentials in the next 12-24 months, with spot WTI-WCS already widening to US$15/bbl [1]. - The company is on track to exceed a 50% payout ratio as it continues to reward shareholders [1]. - Adjusted estimates reflect a decrease in EPS for 2024E to US$4.43 from US$5.18 and for 2025E to US$6.56 from US$7.11 [1]. Financial Summary - Revenues are projected to be US$32,031 million for 2024E, with a slight decrease to US$31,808 million in 2025E [2]. - EBITDA is expected to decline to US$1,970 million in 2024E, with a recovery to US$2,329 million in 2025E [2]. - Net earnings are forecasted at US$842 million for 2024E, increasing to US$1,160 million in 2025E [2]. - The diluted EPS is expected to be US$4.43 for 2024E, with a rise to US$6.56 in 2025E [2]. - The company’s net debt is projected to be US$1,866 million for 2024E, decreasing to US$1,739 million in 2025E [2].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-Q _________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ____________ ...

HF Sinclair Corporation (NYSE:DINO) Q2 2024 Earnings Conference Call August 1, 2024 9:30 AM ET Company Participants Craig Biery - VP, IR Tim Go - CEO Atanas Atanasov - CFO Steve Ledbetter - EVP of Commercial Matt Joyce - SVP of Lubricants & Specialties Valerie Pompa - EVP of Operations Conference Call Participants Manav Gupta - UBS Financial Ryan Todd - Piper Sandler Theresa Chen - Barclays Adam Wijaya - Goldman Sachs Matthew Blair - TPH Jason Gabelman - TD Cowen Operator Welcome to HF Sinclair Corporation' ...

HF Sinclair (DINO) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $2.60 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this independent energy company would post earnings of $0.55 per share when it actually produced earnings of $0.71, delivering a surprise of 29.09%. Over the last four quarter ...

Press Release August 1, 2024 HF Sinclair Corporation Reports 2024 Second Quarter Results and Announces Regular Cash Dividend • Reported net income attributable to HF Sinclair stockholders of $151.8 million, or $0.79 per diluted share, and adjusted net income of $149.3 million, or $0.78 per diluted share, for the second quarter • Reported EBITDA of $408.0 million and Adjusted EBITDA of $405.8 million for the second quarter • Returned $467.1 million to stockholders through dividends and share repurchases in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-Q _________________________________________________________________ (Mark One) (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Dallas, Texas 75201 (Address of principal executive offices) (Zip Code) For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION ...

HF Sinclair Corporation (NYSE:DINO) Q1 2024 Earnings Call Transcript May 8, 2024 8:30 AM ET Company Participants Craig Biery - VP, IR Tim Go - CEO Atanas Atanasov - CFO Steve Ledbetter - EVP of Commercial Matt Joyce - SVP of Lubricants & Specialties Conference Call Participants Neil Mehta - Goldman Sachs Ryan Todd - Piper Sandler Manav Gupta - UBS Paul Cheng - Scotiabank Matthew Blair - TPH Theresa Chen - Barclays Jason Gabelman - TD Cowen Operator Welcome to the HF Sinclair Corporation's First Quarter 2024 ...

HF Sinclair (DINO) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $2 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.09%. A quarter ago, it was expected that this independent energy company would post earnings of $0.67 per share when it actually produced earnings of $0.87, delivering a surprise of 29.85%.Over the last four quarters, ...