stockrowLatest quarter
HF Sinclair reported second-quarter revenue of $10.4 billion, above the consensus estimate of $7.5 billion. Adjusted earnings per share were $5.31, exceeding the consensus estimate of $4.39.
Revenue rose from $6.8 billion a year earlier, while diluted earnings per share increased to $4.93 from $1.10. The company’s gross margin rose to 21.7% from 19.8%, leaving it with a larger share of revenue after direct costs. Its operating margin increased to 11.2% from 4.05% a year earlier.
HF Sinclair’s refining business processes crude oil and other feedstocks into fuels, while its marketing business sells branded fuel and collects brand licensing fees. The company generated $1.4 billion in free cash flow in the quarter, compared with $478.0 million a year earlier.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $10.4 billion | $6.8 billion | 53.2% |
| Diluted EPS | $4.93 | $1.10 | 348.2% |
| Gross margin | 21.7% | 19.8% | 1.9 percentage points |
| Operating margin | 11.2% | 4.05% | 7.2 percentage points |
| Free cash flow | $1.4 billion | $478.0 million | 191.2% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $5.31 | $4.39 | Beat by 21.0% |
| Revenue | $10.4 billion | $7.5 billion | Beat by 38.5% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
HF Sinclair’s second-quarter earnings call commentary is not available for this report.
Guidance
HF Sinclair’s management guidance following the second quarter is unavailable, so its outlook cannot be compared with its previous guidance or presented as an updated company forecast.