HF Sinclair Forms Joint Venture with UPOP for Retail Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy DINO?
Source: Businesswire
- Joint Venture Formation: HF Sinclair has established Green Trail Fuels in partnership with UPOP Holdings, holding a 50% non-operating economic interest, with plans to open 30 retail sites across Colorado and New Mexico, thereby enhancing its brand presence.
- Fuel Supply Assurance: HF Sinclair will supply fuel from its nearby refineries, ensuring operational stability for the joint venture while increasing its market share in the Rockies and Southwest, thus strengthening brand competitiveness.
- Strategic Market Advancement: HF Sinclair executives noted that this joint venture represents a strategic advancement for its Marketing segment, aiming to accelerate the growth of the Sinclair brand and achieve synergies through integrated asset utilization, enhancing overall business efficiency.
- Brand Expansion Potential: By collaborating with UPOP, HF Sinclair not only accelerates its retail network expansion but also leverages UPOP's market expertise to further enhance brand recognition and customer loyalty in the Southwest region.
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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: 58.530
Low
53.00
Averages
61.36
High
68.00
Current: 58.530
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.
- Earnings Announcement: HF Sinclair is set to release its Q4 2023 earnings on February 18 before market open, with consensus EPS estimate at $0.45 and revenue forecast at $6.07 billion, reflecting a 6.6% year-over-year decline.
- Historical Performance: Over the past two years, HF Sinclair has consistently beaten EPS estimates 100% of the time, indicating strong earnings stability, while it has surpassed revenue estimates 50% of the time, showcasing adaptability amid market fluctuations.
- Expectation Adjustments: In the last three months, EPS estimates have seen no upward revisions but 12 downward adjustments, indicating cautious market sentiment regarding the company's future profitability; similarly, revenue estimates have faced 7 downward revisions, reflecting concerns over overall demand.
- Market Analyst Insights: Despite challenges, analysts maintain an optimistic outlook for HF Sinclair, particularly in light of a positive refining backdrop, as Piper Sandler has upgraded its rating, suggesting continued confidence in shareholder distributions.
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- Dividend Declaration: HF Sinclair has declared a quarterly dividend of $0.50 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Yield Metrics: The forward yield of 3.46% reflects the company's competitiveness in the current market environment, potentially increasing investor interest in its stock.
- Financial Performance: HF Sinclair reported a non-GAAP EPS of $1.20, beating estimates by $0.75, with revenue of $6.46 billion exceeding expectations by $390 million, indicating strong performance in profitability and revenue growth.
- Market Outlook: Despite facing cyclical market challenges, HF Sinclair continues to demonstrate its capacity for shareholder distributions, suggesting that the company may maintain dividend payments in the future, thereby bolstering investor confidence.
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- Earnings Performance Exceeds Expectations: HF Sinclair reported a Q4 non-GAAP EPS of $1.20, beating estimates by $0.75, reflecting strong profitability that boosts investor confidence.
- Revenue Slightly Declines but Beats Forecast: The company generated $6.46 billion in revenue, a 0.6% year-over-year decline, yet surpassed market expectations by $390 million, indicating robust market positioning despite challenges.
- Significant Shareholder Returns: HF Sinclair returned $230 million to shareholders through dividends and share repurchases in Q4, demonstrating a commitment to shareholder value and enhancing market confidence in its future performance.
- Stable Dividend Policy: The announcement of a regular quarterly dividend of $0.50 per share underscores the company's ongoing cash flow and profitability, further solidifying investor trust in HF Sinclair.
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- Joint Venture Formation: HF Sinclair has established Green Trail Fuels in partnership with UPOP Holdings, holding a 50% non-operating economic interest, with plans to open 30 retail sites across Colorado and New Mexico, thereby enhancing its brand presence.
- Fuel Supply Assurance: HF Sinclair will supply fuel from its nearby refineries, ensuring operational stability for the joint venture while increasing its market share in the Rockies and Southwest, thus strengthening brand competitiveness.
- Strategic Market Advancement: HF Sinclair executives noted that this joint venture represents a strategic advancement for its Marketing segment, aiming to accelerate the growth of the Sinclair brand and achieve synergies through integrated asset utilization, enhancing overall business efficiency.
- Brand Expansion Potential: By collaborating with UPOP, HF Sinclair not only accelerates its retail network expansion but also leverages UPOP's market expertise to further enhance brand recognition and customer loyalty in the Southwest region.
See More
- Executive Leave: HF Sinclair's CEO and Board member Tim Go requested a voluntary leave of absence on February 17, 2026, which the Board accepted, appointing current Chair Franklin Myers as interim CEO, demonstrating the company's adaptability during executive transitions.
- Audit Committee Review: The Audit Committee is assessing matters related to the company's disclosure processes, aiming to complete the review promptly to ensure transparency and compliance, which could impact future financial reporting and investor confidence.
- Financial Reporting Announcement: HF Sinclair released its unaudited financial results for 2025 today and expects to timely file its Form 10-K following the completion of the audit, indicating the company's commitment to financial transparency and compliance.
- Market Positioning: As an independent energy company, HF Sinclair focuses on producing and marketing high-value light products, operating multiple refineries and providing services across the Southwest U.S. and other regions, highlighting its significant role and growth potential in the energy market.
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- Increased Market Volatility: Last week, stocks in software, real estate, financial services, and logistics faced selling pressure due to concerns over AI-related disruptions, with the Nasdaq Composite falling 0.2% and a weekly loss of 2.1%, indicating market sensitivity to AI impacts.
- Consumer Spending Data Focus: This week's highlight will be the Personal Consumption Expenditures (PCE) report on Friday, which will provide insights into consumer spending in December and inflation trends, especially following last week's unexpected slowdown in the Consumer Price Index (CPI).
- Corporate Earnings in Spotlight: Walmart (WMT) is set to release its fourth-quarter earnings on Thursday, marking the first report under new CEO John Furner, making it a key indicator of consumer spending that the market is eagerly anticipating.
- Ongoing AI Impact: As AI tools' potential effects intensify across various sectors, software stocks like Salesforce (CRM) and ServiceNow (NOW) have seen significant declines, reflecting the market's heightened vigilance regarding AI disruptions, necessitating close monitoring of future industry developments.
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