HF Sinclair anticipates decreased capital expenditures in 2026 due to lower maintenance expenses.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
Should l Buy DINO?
Source: SeekingAlpha
Capital Spending Plans: HF Sinclair plans to reduce its FY 2026 capital spending to $775 million, which is $100 million less than its estimated capex for 2025, due to anticipated lower maintenance costs.
Cost Reductions: The decrease in spending is primarily attributed to lower costs for turnarounds and catalysts, projected at $325 million compared to the $410 million forecasted for the current year.
Refining Segment Investment: The company forecasts $225 million in capital expenditure for its refining segment in 2026, a slight decrease from the $240 million estimated for 2025.
Market Outlook: Despite the peak cycle in refining, HF Sinclair is expected to continue shareholder distributions, indicating confidence in its financial stability.
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Analyst Views on DINO
Wall Street analysts forecast DINO stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 57.390
Low
53.00
Averages
61.36
High
68.00
Current: 57.390
Low
53.00
Averages
61.36
High
68.00
About DINO
HF Sinclair Corporation is an independent energy company that produces and markets light products, such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. Its segments include Refining, Renewables, Marketing, Lubricants & Specialties, and Midstream. The Refining segment includes the operations of its El Dorado, Tulsa, Puget Sound, Navajo, Woods Cross, Parco and Casper Refineries and Asphalt. The Renewables segment includes the operations of the Artesia, Cheyenne and Sinclair RDUs and the Artesia PTU. The Marketing segment includes branded fuel sales. The Lubricants & Specialties segment includes the operations of its Petro-Canada Lubricants, Red Giant Oil and Sonneborn businesses in addition to specialty lubricant products produced at its Tulsa West refinery. The Midstream segment includes petroleum product and crude pipelines, terminal, tankage and loading rack facilities, and refinery processing units that primarily support its refining operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Portfolio Composition: HF Sinclair now represents only 0.85% of DDD Partners' reportable assets, contrasting sharply with its larger investments in mega-cap stocks like Microsoft, Berkshire Hathaway, and Apple, highlighting a focus on technology.
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