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Mar 31, 2022
HF Sinclair Q1 2022 Earnings Report
HF Sinclair reported strong financial results driven by refining and lubricants segments, completed the Sinclair acquisition, and increased the regular quarterly dividend.
Key Takeaways
HF Sinclair reported a net income of $160.0 million, or $0.90 per diluted share, for Q1 2022. Adjusted net income was $175.6 million, or $0.99 per diluted share. The company closed the acquisition of the Sinclair companies and increased the regular quarterly dividend to $0.40 per share.
Reported net income attributable to HF Sinclair stockholders of $160.0 million, or $0.90 per diluted share.
Adjusted net income of $175.6 million, or $0.99 per diluted share, for the first quarter.
Reported EBITDA of $359.8 million and Adjusted EBITDA of $376.7 million for the first quarter.
Announced reinstatement and increase of regular quarterly dividend to $0.40 per share.
Revenue by Segment
Forward Guidance
HF Sinclair is committed to returning $1 billion in cash to shareholders over the next twelve months. Refining fundamentals are favorable due to strong gasoline and diesel demand, coupled with low product inventories.
Positive Outlook
- Strong gasoline and diesel demand
- Low product inventories
- Renewables business approaching full operation
- Favorable refining fundamentals
- Increased regular dividend of $0.40 per share
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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