HF Sinclair Corporation plans to separate its Lubricants & Specialties business through the capital markets in a tax-efficient transaction, part of an effort to sharpen its portfolio and let both businesses pursue growth independently. On its latest earnings call, the company said roughly 5-7 million barrels per day of global refining capacity had gone offline due to conflicts in the Middle East and Russia, and management expects the damage to refining infrastructure in those regions to take time to recover. With low U.S. refined product inventories further tightening the market, HF Sinclair expects refining margins to remain elevated well into 2027. The company operates seven complex refineries across the Mid-Continent, Southwest, Rocky Mountains and Pacific Northwest, and its shares have gained 117.1% over the past year compared with the industry's 113.6% growth. HF Sinclair trades at a trailing 12-month enterprise-value-to-EBITDA of 5.84X, above the broader industry average of 5.69X, and currently carries a Zacks Rank #1 (Strong Buy).
HF Sinclair CorpHF Sinclair plans a tax-efficient separation of its Lubricants & Specialties business to sharpen its portfolio.
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