$DINO

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Refining Shares Gain as Diesel Cracks Surge, SRE Waivers Lift Outlook, TPH Says

US refining stocks rose last week as a jump in diesel margins and favorable developments around small refinery exemptions boosted expectations for refiners' earnings, TPH Energy strategists said in a note on Tuesday.Matthew Blair, TPH Energy analyst, said that refining equities gained 4.3% for the week, compared with a 0.1% rise in the S&P 500.The Environmental Protection Agency's 2025 small refinery exemptions included waivers covering 1.76 billion renewable identification numbers, up from 1.15 billion a year earlier, boosting refiners that qualify for the exemptions.TPH said that the EPA also said the RINs exempted in 2025 would be added back to refiners' renewable volume obligations in 2026 and 2027, a move that pushed RIN prices higher and increased the value of the exemptions.The consultancy said that the development is supportive for refiners including Delek US Holdings (DK), CVR Energy (CVI), HF Sinclair (DINO) and Par Pacific Holdings (PARR).Meanwhile, diesel markets provided another tailwind for the sector as renewed fighting between the US and Iran stoked supply disruption concerns, driving refining margins higher.TPH said that the US diesel crack spread, a measure of the profitability of turning crude into diesel, rose $11 per barrel on the week to $87/bbl, while the Northwest European diesel crack gained $9 to $87/bbl. Singapore's diesel crack increased $3/bbl.The US 3-2-1 crack spread, a widely watched measure of refinery profitability, rose $1 to $53/bbl.Gasoline margins moved in the opposite direction, with the US gasoline crack falling $4/bbl to $35.The Brent-WTI crude spread narrowed by $1 to $5/bbl, while the Brent-WCS differential at Hardisty, Alberta, remained unchanged at $25/bbl.TPH said that the combination of higher diesel margins and stronger SRE economics has provided a fresh boost to refiners as markets assess the impact of renewed geopolitical tensions on crude and refined-product supplies.Price: $75.22, Change: $+3.36, Percent Change: +4.67%

$CVI$DINO$DK

Wire5d ago

UBS Adjusts HF Sinclair Price Target to $126 From $105, Maintains Buy Rating

HF Sinclair (DINO) has an average rating of hold and mean price target of $89.93, according to analysts polled by FactSet.Price: $109.32, Change: $+3.94, Percent Change: +3.74%

$DINO

Commodities11d ago

US Refiners See Margins Surge in August as Diesel Cracks Strengthen, TPH Says

US refiners saw an improvement in operating indicators in August, led by stronger diesel cracks, wider crude differentials and gains across key refining regions, TPH Energy strategists said in a note on Wednesday.TPH analysts said among large-cap refiners, Phillips 66 (PSX) posted the biggest month-over-month improvement, while Valero Energy (VLO) retained the strongest quarter-over-quarter gain.The analysts said that in the small- and mid-cap group, CVR Energy led both measures as stronger Midwest diesel cracks lifted its refining indicator.Valero's refining indicator climbed to $47.07 a barrel in August from $43.11 in July, with improvements across the Mid-Continent, Gulf Coast and West Coast.Diesel cracks generally strengthened during the month, while crude differentials widened, particularly for Gulf Coast heavy grades such as Maya and WCS at Houston.TPH said the move pushed Valero's quarter-to-date refining indicator $15.00 per barrel higher than in Q2, the largest quarterly improvement among the large-cap refiners tracked by the consultancy.However, Valero's renewable diesel indicator slipped 13 cents per gallon from July, though it remained $1.27 per gallon above the Q2 level.Marathon Petroleum's (MPC) refining and marketing indicator rose to $48.70 per barrel from $42.14, in line with TPH's estimate.The improvement reflected stronger cracks across all regions, wider sour crude differentials and a more favorable market structure. Its quarter-to-date indicator was $13.29 per barrel above Q2.Phillips 66 posted the largest monthly increase among the large-cap refiners, with its indicator jumping $8.10 per barrel to $40.58.Gains were concentrated in the Gulf Coast and Central Corridor, helped in part by wider crude differentials. Its quarter-to-date indicator was $12.51 per barrel higher than in Q2.HF Sinclair's (DINO) refining indicator climbed $9.60 per barrel to $43.49, outperforming TPH's estimate, with gains in both regions and particularly great improvement on the West Coast.The company's lubricants indicator also edged higher to $222 per barrel, remaining $57 per barrel above the Q2 level.Par Pacific Holdings posted a smaller quarterly improvement, though its monthly indicator rose $8.43 a barrel to $39.77. TPH said that the increase was driven primarily by its two Rockies refineries, bringing the quarter-to-date gain to $2.41 per barrel from the Q2 levels.The consultancy said that among the smaller refiners, CVR Energy recorded the strongest performance. Its refining indicator jumped $11.41 per barrel to $55.17, in line with TPH's estimate, as stronger Midwest diesel cracks boosted results.The increase left CVR's quarter-to-date indicator $18.24 per barrel above the Q2 level, the largest quarterly gain across the companies tracked.Price: $391.48, Change: $+8.48, Percent Change: +2.21%

$DINO$MPC$VLO

Wire17d ago

HF Sinclair's New $1.5 Billion Share Repurchase Program Seen as Positive, UBS Says

HF Sinclair's (DINO) new $1.5 billion stock repurchase program signals that management is committing to a more shareholder-driven capital allocation strategy rather than treating current refining profits as temporary, UBS Securities said Thursday in a report.By returning surplus free cash flow and reaffirming its payout priorities, HF Sinclair is delivering on earlier promises and reinforcing confidence in how it deploys capital, the report said.UBS maintained its buy rating on HF Sinclair stock with a $105 price target.Price: $96.85, Change: $+0.33, Percent Change: +0.34%

$DINO

Equities18d ago

HF Sinclair Board Approves $1.5 Billion Share Buyback Program

HF Sinclair's (DINO) board approved a new $1.5 billion share repurchase program, effective Aug. 26, replacing all existing share repurchase authorizations, a Wednesday filing showed.The company said roughly $11 million had remained under its previous buyback authorization.

$DINO

Wire30d ago

S&P 500 Ekes Out Weekly Gain Amid Growing Probability of Fed Pause Extension

The Standard & Poor's 500 index rose 0.4% this week after cooling inflation and an unexpected drop in retail sales boosted the odds for a sixth straight monetary policy pause in September.The market benchmark ended the week at 7,785.76. The index is now up 3.8% quarter-to-date and 14% this year.The probability of the Federal Reserve extending its policy pause next month jumped after July's consumer and wholesale price inflation rates, both headline and core, declined and retail sales for the month unexpectedly slumped the most since May 2025. There's now a 67% chance that the Fed will leave interest rates unchanged, up from 56% a week ago, according to the CME FedWatch tool.Treasury Secretary Scott Bessent said on CNN that the US plans to announce measures on Iran next week that have "never been seen."Defense Secretary Pete Hegseth said the US can sustain its blockade against Iran "indefinitely," Al Jazeera reported.The energy sector in the S&P 500 had the largest percentage gain of the week, up 7.3%, followed by a 1.5% advance in utilities and 1% increases for both consumer staples and health care. Financials, industrials, real estate and tech also rose week to week.Phillips 66 (PSX) is expected to accelerate share repurchases in H2 this year, supported by ongoing balance sheet deleveraging, UBS said in a note. Separately, Phillips 66, Kinder Morgan (KMI), and HF Sinclair (DINO) said they have reached a final investment decision to move forward with a joint venture to build the $5 billion Western Gateway Pipeline system. Shares of Phillips 66 surged 15% this week.Three S&P 500 sectors that declined this week were consumer discretionary, communication services and materials, down 2%, 1% and 0.9%, respectively.Tapestry (TPR) shares tumbled 21% this week after the company set out a fiscal 2027 revenue outlook below the midpoint of Wall Street's forecast range, taking the shine off stronger-than-expected fiscal Q4 adjusted earnings and revenue.AppLovin's (APP) 30% long-term annual revenue growth target lacks sufficient evidence, with uncertainty rising around the sustainability of its self-learning growth, BofA Securities said in a report. BofA downgraded its rating on AppLovin stock to neutral from buy and lowered its price target to $400 from $430. Shares of Applovin slumped 9% this week.Home Depot (HD), Analog Devices (ADI), TJX Companies (TJX), Lowe's Companies (LOW), Target (TGT), Walmart (WMT), Deere (DE), Ross Stores (ROST), NetEase (NTES) are among the companies reporting quarterly results next week.Economic data due next week includes the July minutes of the Federal Open Market Committee meeting, S&P Global manufacturing and services purchasing managers' indexes, industrial production, building permits and housing starts.

S&P 500$ADI$APP$DE$DINO$HD$KMI$LOW$NTES$PSX$ROST$TGT$TJX$TPR$WMT

Sectors33d ago

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index increased 0.8%, and the Dow Jones US Utilities Index advanced 1.1%.Front-month West Texas Intermediate crude oil rose 1.5% to $83.33 a barrel, and the global benchmark Brent crude contract gained 1.5% to $89.04 a barrel. Henry Hub natural gas futures decreased 0.9% to $2.77 per 1 million BTU.In corporate news, Duke Energy (DUK) shares rose 1.6% after it said Tuesday it priced a public offering of 35 million equity units, with each unit to be issued in a stated amount of $50, for about $1.72 billion in expected net proceeds.Phillips 66 (PSX), Kinder Morgan (KMI), and HF Sinclair (DINO) said they have reached a final investment decision to move forward with a joint venture to build the $5 billion Western Gateway Pipeline system. Phillips 66 shares gained 4%, Kinder Morgan added 0.4%, and HF Sinclair rose 1.5%.Baker Hughes (BKR) said it has signed a multiyear contract with Kuwait Oil Co. to support technology innovation in the country's upstream energy sector. Baker Hughes shares added 1%.Flowco (FLOC) shares added 3.1% after it posted higher Q2 earnings and revenue.

$BKR$DINO$DUK$FLOC$KMI$PSX

Sectors33d ago

Sector Update: Energy Stocks Gain Tuesday Afternoon

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.1%.The Philadelphia Oil Service Sector Index increased 0.6%, and the Dow Jones US Utilities Index advanced 0.7%.Crude oil extended gains as investors weighed geopolitical developments in the Middle East. US and Iran are "close to some sort of arrangement" over the Strait of Hormuz, Pakistan's defense minister was cited as saying in a Bloomberg report. Majed al-Ansari, Qatar's Foreign Ministry spokesman, said negotiations between Oman and Iran on the future of shipping in the Strait of Hormuz have reached an advanced stage, Al Jazeera, a Middle Eastern broadcaster, reported. Meanwhile, a Saudi-owned commercial vessel was reportedly struck by a missile while transiting the Bab al-Mandeb Strait in the Red Sea, shipping sources and Yemeni officials told marine intelligence group Marisks, according to CNN.Front-month West Texas Intermediate crude oil rose 1.1% to $83.06 a barrel, and the global benchmark Brent crude contract gained 1% to $88.57 a barrel. Henry Hub natural gas futures fell 1.4% to $2.76 per 1 million BTU.In corporate news, Phillips 66 (PSX), Kinder Morgan (KMI), and HF Sinclair (DINO) said they have reached a final investment decision to move forward with a joint venture to build the $5 billion Western Gateway Pipeline system. Phillips 66 shares rose 3.5%, Kinder Morgan added 0.7%, and HF Sinclair gained 2.3%.Flowco (FLOC) shares gained 3.8% after it posted higher Q2 earnings and revenue.Baker Hughes (BKR) said it has signed a multiyear contract with Kuwait Oil Co. to support technology innovation in the country's upstream energy sector. Shares added 0.4%.

$BKR$DINO$FLOC$KMI$PSX

Sectors33d ago

Sector Update: Energy

$DINO$KMI$PSX

Commodities33d ago

Phillips 66, Kinder Morgan, HF Sinclair Approve Western Gateway Pipeline Project

Phillips 66 (PSX), Kinder Morgan (KMI), and HF Sinclair (DINO) have made a positive final investment decision for the 1,300-mile Western Gateway Pipeline system that will supply refined products from Missouri and the Gulf Coast to Arizona and California, according to a joint statement on Tuesday.The three companies have also finalized a joint venture agreement, where Phillips 66 will own 49.9% of the system, while Kinder Morgan will own 35.1% and HF Sinclair 15%, according to the statement.The project is valued at $5 billion and has a design capacity of 230,000 barrels per day, the companies said. It includes a 900-mile new-build pipeline from Texas to Arizona, the east and west networks of Kinder Morgan's Santa Fe Pacific Pipeline, and Phillips 66's Gold Pipeline."This project will connect our Central Corridor and Gulf Coast refining assets to our West Coast and Southwest Marketing assets and demonstrates the value of our integrated business model and the opportunities it creates," said Phillips 66 chairman and chief executive Mark Lashier.The pipeline is expected to be completed in 2029 and generate returns from 10-year take-or-pay contracts.

$DINO$KMI$PSX

Equities33d ago

Phillips 66, Kinder Morgan, HF Sinclair Finalize $5 Billion Deal to Build Western Gateway Pipeline

Phillips 66 (PSX), Kinder Morgan (KMI), and HF Sinclair (DINO) said Tuesday they have reached a final investment decision to move forward with a joint venture to build the $5 billion Western Gateway Pipeline system.The 1,300-mile system will be designed to carry 230,000 barrels of refined fuel per day from St. Louis, Missouri, and expanded Gulf Coast origin points to Arizona and California, according to a statement.Phillips 66 will own 49.9% of the joint venture, while Kinder Morgan will hold 35.1% and HF Sinclair will own 15%, the companies said.Construction is targeted to be completed in 2029, pending regulatory clearances, the companies added.

$DINO$KMI$PSX

Commodities40d ago

HF Sinclair Secures Long-Term Supply Agreements With Chevron, SK Enmove

HF Sinclair (DINO) said Monday its Lubricants and Specialties segment has entered into strategic long-term commercial agreements with SK Enmove and Chevron Products Company, a division of Chevron (CVX), establishing a diversified base oil supply network across North America.Under the terms, SK Enmove will supply Group III base oils, while Chevron will supply Group II base oils.In turn, HF Sinclair's segment will act as SK Enmove's distributor for Yubase Group III base oils in key regional North American markets and distribute Chevron-branded Group II base oils in Canada and select US regions.Combined with ongoing specialty production from HF Sinclair's Tulsa refinery, the portfolio will cover Group I, II, and III base oils, the company stated.The complete transition to this new base oil solutions and distribution model is expected to be finalized in the second half of 2027, as per the statement.

$CVX$DINO

Commodities40d ago

Market Chatter: EPA Grants Delek's Refinery RFS Exemption, Rejects HF Sinclair Petitions

The US Environmental Protection Agency on Monday announced its decisions on six small refineries that had petitioned for exemption from the agency's Renewable Fuel Standard obligations for the compliance years 2023 and 2024, according to a Reuters report, citing the agency's documents.Delek US Holdings Inc's (DK) refinery received full exemptions, while the two refineries owned by HF Sinclair (DINO) were declared ineligible.This decision comes following an emergency motion filed by the two companies in the US Court of Appeals for the District of Columbia Circuit to push the EPA to rule on their respective economic hardship petitions.The EPA rejected HF Sinclair's petition, noting that its Artesia, New Mexico refinery exceeded the 75,000 barrel-per-day crude throughput limit, which was required to classify as a small refinery.Neither Delek nor HF Sinclair immediately responded to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$DINO$DK

Commodities46d ago

RIN Market Slides on Weaker BOHO Spread, Higher June Supply

The Renewable Identification Numbers market fell sharply on Wednesday as a weakening BOHO spread, the price differential between soybean oil and heating oil, or diesel, and higher RIN generation in June weighed on RIN values.On Wednesday, the August BOHO spread narrowed to $0.88 per gallon compared with $2.24/gal a month ago, prompting another heavy sell-off in RINs, according to Zander Capozzola, principal consultant at Argus Media.The BOHO spread, which has fallen to its lowest level since early April, has been driven by soybean oil prices declining faster than diesel prices that have strengthened.Higher RIN generation has also added pressure to the market. "RIN supply for 2026 has loosened a little following the surprise June RIN generation numbers," Capozzola told."This will leave the RIN bank with a slightly higher positive year-end balance, yet the market still widely acknowledges that the bank goes negative in 2027," he added.Total gross RIN generation increased to the equivalent of 2.27 billion credits in June, up from 2.14 billion in May and 2.01 billion a year earlier.Another factor pressuring RIN prices is the Environmental Protection Agency's indication that it intends to decide next week on outstanding 2024 small refinery exemption requests from HF Sinclair (DINO) and Delek (DK) after the companies filed an emergency motion, Capozzola said.SRE news is always bearish for the RIN complex, the analyst added.Alon Refining and HF Sinclair filed an emergency motion with the US Court of Appeals for the DC Circuit on July 24, asking the court to order the US EPA to issue decisions on their outstanding compliance year 2024 SRE petitions by Aug. 11, according to the Governor's Biofuels Coalition."The market fear is out there that the EPA could potentially release wider SRE decisions for 2025 during August ahead of the Sept. 1, 2025 compliance deadline," Capozzola said.Price: $90.16, Change: $+0.86, Percent Change: +0.96%

$DINO$DK

Equities46d ago

UBS Adjusts Price Target on HF Sinclair to $105 From $80, Maintains Buy Rating

HF Sinclair (DINO) has an average rating of hold and mean price target of $89.93, according to analysts polled by FactSet.Price: $90.59, Change: $+1.29, Percent Change: +1.44%

$DINO

Sectors47d ago

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index down 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1%.The Philadelphia Oil Service Sector Index shed 2.8%, and the Dow Jones US Utilities Index was fractionally higher.President Donald Trump said talks with Iran were continuing and again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's foreign ministry spokesman, Esmaeil Baghaei, said Tehran was not negotiating with the US but added that "intermediaries may convey messages from the American side to us regarding ongoing developments in the region," Al Jazeera reported.Front-month West Texas Intermediate crude oil fell 4.4% to $79.02 a barrel, and the global benchmark Brent crude contract dropped 5.1% to $83.89 a barrel. Henry Hub natural gas futures declined 4.2% to $2.65 per 1 million BTU.In corporate news, ExxonMobil (XOM) offers limited upside following its recent share-price gains, while Chevron (CVX) presents a stronger medium-term setup, BofA Securities said in a Tuesday note. BofA lowered its rating on ExxonMobil to neutral from buy while raising its price target to $158 from $154. BofA kept its buy rating on Chevron and increased its price target to $227 from $210. ExxonMobil shares shed 0.7%, and Chevron was down 0.8%.HF Sinclair (DINO) reported higher Q2 adjusted earnings and revenue, and raised its quarterly dividend. Separately, HF Sinclair said it plans to separate its Lubricants and Specialties segment into an independent publicly traded company. HF Sinclair shares were down 1.1%.CenterPoint Energy (CNP) shares rose 0.7% after its Q2 non-GAAP earnings and revenue rose year on year and beat analysts' estimates.TotalEnergies (TTE) said Tuesday that it and partner Eni (E) reached a final investment decision to develop the Cronos gas field offshore Cyprus, marking the country's first gas development project. TotalEnergies shares added 0.1%, and Eni were easing 0.4%.

$CNP$CVX$DINO$E$TTE$XOM

Commodities47d ago

HF Sinclair Beats Q2 Estimates on Refining Strength, Plans Lubricants Spin-Off, TPH Says

HF Sinclair (DINO) Q2 earnings beat estimates, buoyed by stronger-than-expected refining capture rates and robust performance in its lubricants and renewable diesel segments, TPH Energy strategists said in a note on Tuesday.TPH analysts said that the independent refiner posted adjusted earnings of $5.31 per share for the quarter, outpacing the $4.51 consensus estimate. Its adjusted EBITDA came in at $1.48 billion, compared with the consensus expectation of $1.22 billion.Refining earnings improved substantially quarter-over-quarter to $1.02 billion, bolstered by gross margins of $25.95 per barrel and an estimated capture rate of 91%, up from 85% in the previous quarter. Total sales volume reached 669,000 barrels per day.TPH said that alongside the quarterly results, HF Sinclair announced it is pursuing a tax-free spin-off of its lubricants business by H1 2027. The lubricants unit has generated $431 million in EBITDA over the past 12 months.Furthermore, the lubricants segment itself contributed $207 million in quarterly EBITDA, supported by surging base oil cracks and a $46 million FIFO benefit, despite sales volumes easing to 32,000 barrels per day.Meanwhile, the renewables segment posted $123 million in EBITDA, reflecting strong profitability of $2.05 per gallon on a total run rate of 60 million gallons.Marketing segment volumes rose 19% year-over-year to 387 million gallons, supported by new store growth, though EBITDA margins trimmed to 7 cents per gallon. Midstream performance remained flat at $112 million.On the capital return front, HF Sinclair repurchased $175 million of shares during the quarter and raised its forward dividend by 5%. Together with its dividend distribution, the total capital return yield reached 9%.Going forward, HF Sinclair noted that its refining indicator has climbed about $4.30 per barrel quarter-over-quarter heading into Q3, supported by strength in the Mid-Continent region.TPH said that consensus analyst estimates for third-quarter earnings stand at $4.69 per share.Price: $90.71, Change: $-0.07, Percent Change: -0.08%

$DINO

Sectors47d ago

Sector Update: Energy Stocks Decline Tuesday Afternoon

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.2%.The Philadelphia Oil Service Sector Index shed 2.6%, and the Dow Jones US Utilities Index was up 0.6%.President Donald Trump said talks with Iran were continuing and again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's foreign ministry spokesman, Esmaeil Baghaei, said Tehran was not negotiating with the US but added that "intermediaries may convey messages from the American side to us regarding ongoing developments in the region," Al Jazeera reported.Front-month West Texas Intermediate crude oil fell 4.1% to $79.19 a barrel, and the global benchmark Brent crude contract dropped 4.5% to $81.98 a barrel. Henry Hub natural gas futures declined 2.7% to $2.71 per 1 million BTU.In corporate news, ExxonMobil (XOM) offers limited upside following its recent share-price gains, while Chevron (CVX) presents a stronger medium-term setup, BofA Securities said in a Tuesday note. BofA lowered its rating on ExxonMobil to neutral from buy while raising its price target to $158 from $154. BofA kept its buy rating on Chevron and increased its price target to $227 from $210. ExxonMobil fell 1.6%, and Chevron was down 1%.HF Sinclair (DINO) reported higher Q2 adjusted earnings and revenue, and raised its quarterly dividend. Separately, HF Sinclair said it plans to separate its Lubricants and Specialties segment into an independent publicly traded company. HF Sinclair shares were down 0.4%.Expro (XPRO) shares rose 0.5% after the company increased its 2026 revenue outlook.

$CVX$DINO$XOM$XPRO

Commodities47d ago

HF Sinclair Reports Rise in Q2 Consolidated Refinery Throughput, Sales Volume

HF Sinclair (DINO), the Dallas, Texas-based independent energy company, on Tuesday reported consolidated Q2 refinery throughput of 681,150 barrels a day, higher than 660,640 bbl/d reported in the corresponding quarter last year.For the quarter ended June 30, total sales volumes were reported at 60 million gallons, up from 55 million gallons in the year-ago period, while total branded fuel sales volumes for the quarter stood at 387 million gallons, up from 337 million gallons last year.In Q2, the company reported 668,670 bbl/d of sales of produced refined products, compared with 649,210 bbl/d in the year-ago period.Crude charge, which refers to the barrels per day of crude oil processed at refineries, stood at 639,680 bbl/d in Q2, versus 615,930 bbl/d last year. Crude charge refers to the barrels per day of crude oil processed at refineries.Refinery utilization for the quarter stood at 94.3%, up from 90.8% in Q2 2025.In Q2, the company reported gross margins of $15.46 for every produced barrel sold, which compares with $3.85 in the corresponding year-ago period.The company said it intends to separate its Lubricants & Specialties segment into a new publicly-traded company over the next 12-18 months.As part of this process, the company will retire its base oil refining assets in Mississauga, Ontario, with the transition expected to be largely completed by 2027.Price: $91.54, Change: $+0.74, Percent Change: +0.82%

$DINO

Sectors47d ago

Sector Update: Energy Stocks Edge Higher Pre-Bell Tuesday

Energy stocks were edging higher pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 0.1%.The United States Oil Fund (USO) was down 0.8% and the United States Natural Gas Fund (UNG) was 1.3% lower.Front-month US West Texas Intermediate crude oil was 1.6% lower at $81.30 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.9% to $86.68 per barrel, and natural gas futures were down 1.5% at $2.73 per 1 million British Thermal Units.HF Sinclair (DINO) stock was up more than 1% after the company reported higher Q2 adjusted earnings and revenue, and raised its quarterly dividend. Separately, HF Sinclair said it plans to separate its Lubricants and Specialties segment into an independent publicly traded company.Expro (XPRO) shares were up more than 3% after the company increased its 2026 revenue outlook.TotalEnergies (TTE) and Eni (E) reached a final investment decision to develop the Cronos gas field offshore Cyprus, marking the country's first gas development project. TotalEnergies stock was 0.5% higher premarket.

$DINO$E$TTE$UNG$USO$XLE$XPRO

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