HF Sinclair Corp (DINO) · Nov 4, 2026 · Other events
$233M buyback — 2.1M shares at $110.81; ~$1.0B repurchased under $1.5B authorization
HF Sinclair’s latest buyback takes total program usage to $1 billion, but the recurring REH transaction largely confirms an already established capital-return plan.
HF Sinclair is a refining, renewables, midstream and lubricants company working through a strategic reshaping: it plans to separate Lubricants & Specialties and retire its Canadian base-oil refining assets through 2027.
The filing extends an established capital-return pattern, rather than changing the story. HF Sinclair agreed to repurchase 2.1 million shares from REH Advisors for approximately $233 million, funded with cash on hand, with completion expected around November 6. 〔0〕
| Figure | November 2026 | Program reference |
|---|---|---|
| Shares repurchased (Stock Purchase Agreement) | 2.1M | |
| Price per share (Stock Purchase Agreement) | $110.81 | |
| Aggregate purchase price (Stock Purchase Agreement) | ~$233M | |
| Repurchased under program (Share Repurchase Program) | ~$1.0B | $1.5B authorization |
| Authorization remaining (Share Repurchase Program) | ~$493M |
The main update is simply how much of the authorization has been deployed. This is the 24th privately negotiated transaction with REH, following earlier 2026 REH repurchases and a separate October 29 transaction, so the direction and mechanism were already well established before this filing. The filing says approximately $1 billion has now been repurchased, leaving about $493 million available. 〔1〕
The cash use is meaningful but not a new strategic trade-off in this filing. The company is continuing to return capital while it manages its broader portfolio transformation, but the notice provides no new operating target, financing change, or alteration to the planned separation and asset-retirement work.
Bottom line: This is a large recurring buyback that confirms HF Sinclair is executing its existing capital-return program. It matters as a progress update, not as a meaningful change to the business story.
Completion of the repurchase, expected around November 6
A buy-side analyst on every ticker — it reads every public company's filing the instant it drops and decodes it into plain English.
A buy-side analyst on every ticker — the whole market decoded the second it moves, before it's a headline. Free gives you a taste. Pro takes the cap off and opens the full read on every company.
by Signing in NOW, claim your FREE 14-day Pro trial!