On July 28, HF Sinclair Corporation rose 5.31% in pre-market trading, trading at $94.87/share, with turnover of $171,500.

On the news front, the company reported second-quarter adjusted earnings per share of $5.31, dramatically surpassing the analyst consensus estimate of a $4.51 per share loss. The earnings release attributed the outperformance primarily to sustained geopolitical tensions in the Middle East, which boosted U.S. fuel export demand and elevated refining margins.

Simultaneously, HF Sinclair announced a major strategic transformation plan, including the divestiture of its lubricants and specialty products business and a planned exit from Canadian base oil refining operations. The restructuring aims to streamline operations and concentrate resources on higher-return core refining activities. Prior guidance had indicated second-quarter crude oil processing volumes of 600,000 to 630,000 barrels per day, reflecting operational stability.

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