HF Sinclair to buy back $233 million of stock from REH Advisors
HF Sinclair agreed to repurchase 2.1 million shares from REH Advisors at $110.81 each, about $233 million in total, paid with cash on hand.
Key takeaways
- HF Sinclair (DINO) agreed to repurchase 2,100,000 shares from REH Advisors Inc. at $110.81 per share, an aggregate of about $233 million. The purchase will be funded with cash on hand and is expected to close around Nov. 6, 2026. The deal falls under the company's $1.5 billion buyback program, with about $493 million remaining.
HF Sinclair (DINO) will buy back 2.1 million of its own shares from REH Advisors Inc. for $110.81 apiece, about $233 million in total, paying with cash on hand. Shares rose 0.6% at 10:00 a.m. ET, from a $104.57 close. The repurchased shares will be held as treasury stock, with closing expected on or around Nov. 6, 2026.
REH Advisors is the parent of REH Company, LLC, formerly The Sinclair Companies. Its proxy statement filed March 31, 2026 covers the relationship.
This is the 24th privately negotiated repurchase between the company and REH Advisors.
The deal falls under the $1.5 billion program the board authorized on Aug. 26, 2026. The company has repurchased $1 billion of stock under it to date, including this transaction, leaving about $493 million of authorization.
Further repurchases, including any from REH, will depend on market conditions and corporate, tax and regulatory considerations. The board may end the program at any time.