HF Sinclair (DINO) Moves to Expand with Deal for Industrial Oils Unlimited

HF Sinclair Corporation (NYSE:DINO) is included among the 11 Best Low Priced Dividend Stocks to Buy According to Analysts.

On December 8, HF Sinclair Corporation (NYSE:DINO) announced that one of its subsidiaries signed a definitive deal to buy Industrial Oils Unlimited (IOU) for $38 million, which includes about $15 million in working capital. The price works out to an expected 2027 EBITDA multiple of roughly 3.5x once synergies are factored in.

Bringing IOU into the fold, which is the company known for its long track of value-added service, tailored solutions, and its well-regarded DX brand, is expected to bolster HF Sinclair Corporation (NYSE:DINO)’s position as an innovator in the lubricants and specialty fluids market.

A day later, on December 9, HF Sinclair Corporation (NYSE:DINO) outlined its capital spending plans, guiding to $775 million, about 11% lower than what it expects to spend this year. The reduction mainly reflects lower maintenance needs. US refineries have been leaning heavily on maintenance after running flat out in 2022 due to supply constraints tied to Russia’s invasion of Ukraine. With turnaround and catalysts costs projected at about $325 million for 2026, down from $410 million expected for 2025, HF Sinclair Corporation (NYSE:DINO) sees room to scale back overall spending.

For 2026, HF Sinclair Corporation (NYSE:DINO) expects to spend around $225 million on its refining segment, slightly below this year’s projected $240 million.

HF Sinclair Corporation (NYSE:DINO) is an American petroleum refinery company that specializes in products such as gasoline, diesel fuel, jet fuel, and others.

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