Fernandez Manuel J sold $46K of DINO

REH Advisors Inc. sold (to issuer) 2,375,000 shares of HF Sinclair Corp (DINO) at $89.41 ($212.35M total) on 2026-08-02.

HF Sinclair Corp. said it signed long-term supply deals to support its lubricants and specialties segment transition alongside a planned retirement of its 15,600 b/d Mississauga, Ontario base oil refinery. According to HF Sinclair, SK Enmove will supply Group III base oils and Chevron Products Group II. The lubricants-specialties separation is expected in 12-18 months, with refinery retirement largely completed by end-2027.

HF Sinclair reported Q2 2026 results on an earnings call, including $123 million in adjusted EBITDA for Renewables and charges of $47 million impairment plus $30 million inventory valuation. Management outlined a Lubricants segment separation into an independent public company over 12 to 18 months, retiring Mississauga assets, guiding Q3 refining throughput of 590,000 to 620,000 bpd, and raising its dividend 5% to $0.525.

HF Sinclair Corp shares rose about 0.1% in morning trading after a pre-market jump tied to its Q2 2026 results and capital actions. The company reported net income of $892M ($4.93/share) and adjusted net income of $960M ($5.31/share) versus $4.46 consensus, on $10.39B revenue. It raised its quarterly dividend to $0.525/share and announced a planned spinoff of its Lubricants & Specialties segment into a new public company over 12–18 months.

HF Sinclair Corp shares rose about 5.2% in pre-open after the company reported Q2 2026 results above forecasts. Adjusted EPS was $5.31 vs $4.46 expected, and revenue was $10.39B vs $8.95B. The board raised its quarterly dividend to $0.525 and plans a tax-efficient spinoff of Lubricants & Specialties over 12 to 18 months.

HF Sinclair (NYSE: DINO) announced plans to separate its Lubricants & Specialties segment into a new independent, publicly traded company via capital markets over the next 12-18 months. The company also plans to retire its Mississauga, Ontario base oil refining assets, with transition substantially completed by 2027. HF Sinclair will target a 50% dividend payout ratio and open-market buybacks post-separation.