HF Sinclair Q1 2022 Earnings Report
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.
HF Sinclair
HF Sinclair
HF Sinclair 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