DINO // HF Sinclair Corporation

DES <GO> NYSE CIK 0001915657 ↗

Energy • Natural Gas Distribution

$111.89 ▼ -0.07 (-0.06%)

MKT CAP: $19.17B • VOL: 2.80M

52W L $46 52W H $129

ALTMAN Z

4.02 SAFE

PIOTROSKI

8 / 9

DINO // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 67/100 [C+] (+0 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE C+

RQD CONFIDENCE

67 / 100 +0D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Hold — Upper Neutral / Watch for Breakout

01 MASSIVE / SEC XBRL

Forensic Fundamentals

12 / 20

NEUTRAL

FCF +35.3% vs NI +200% • ROIC-WACC -2.1% • Z 4.02

02 OPRA GEX + SEC 13F

Whale & Options Flow

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

03 SEC FORM 4 (90D)

Insider Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

17 / 20

STRONG

TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

16 / 20

STRONG

20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did DINO's Whale & Options Flow & Insider Conviction sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever DINO is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON DINO)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // F-RATED EARNINGS MIRAGE // ACCRUAL WATCHSIFTER 02 // ACCRUAL & RECEIVABLES FORENSICS

SEVERITY: 89/100 Z-SCORE: +3.01σ

DINO Accounting Gap: Net Income (+220%) Outpaced OCF (+18.5%) With +-3% Working-Capital Build

CASH CONVERSION GAP

+201.5% (NI vs OCF)

RECEIVABLES / WC BLOAT

-3.0% VS REV

60D C-SUITE FORM 4 SALES

0 OPEN-MKT DUMPS

[GEEK DESK FORENSIC NOTE // SEC XBRL × FORM 4 CROSS-CHECK]

SEC EDGAR XBRL CompanyFacts10-K/10-Q Working Capital ScheduleSEC Form 4 Executive Sales

SEC EDGAR XBRL triangulation on HF Sinclair Corporation (DINO) exposes a +201.5% Cash Conversion Gap as YoY Net Income growth (+220.0%) diverged from Operating Cash Flow growth (+18.5%). Non-cash current assets and receivables expanded -3.0% relative to top-line revenue growth. Monitor upcoming 10-Q cash realization closely for accrual mean-reversion.

DINO // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +71.11%🛡️ HOLDING TREND SUPPORT

2026-10-30O $113.9H $116.7L $112.4C $115.0VOL 2.24M

RES: $137.0SUP: $110.1SMA50: $111.9SMA200: $78.41

DINO // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

UNDERWEIGHT CONVICTION: 40/100

BEAR 0

100 BULL

HF Sinclair Corporation (DINO) exhibits 41.0% gross margins and 6.7% return on invested capital within Energy (Natural Gas Distribution), balanced against a 16.0x enterprise multiple and 6.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 41.0% gross profitability converts into 3.5% operating margin and 6.7% ROIC, outpacing sector cost of capital.

ROIC: 6.7% // GM: 41.0%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of -6.0% paired with 4.52% free cash flow yield supports self-funded R&D and capital return.

REV YOY: -6.0% // FCF YLD: 4.52%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 4.02 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.

ALTMAN Z: 4.02 // F-SCORE: 8/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 33.1x trailing P/E (30.8x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 33.1x // EV/EBITDA: 16.0x

02. Options Skew & Event Volatility Risk

Options market prices a ±6.8% implied move with a 0.75 put/call ratio around $110.00 max pain.

IMPL MOVE: ±6.8% // P/C: 0.75

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Natural Gas Distribution require continuous execution to defend 2.2% net margins.

NET MARGIN: 2.2% // D/E: 0.30x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 30.8x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 0.98).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 33.1x

FORWARD P/E 30.8x

EV / EBITDA 16.0x

FCF YIELD 4.52%

GROSS MARGIN 41.0%

OPERATING MARGIN 3.5%

NET MARGIN 2.2%

ROIC % 6.7%

REV GROWTH YOY -6.0%

DILUTED EPS TTM $3.38

DEBT / EQUITY 0.30x

DIVIDEND YIELD 1.96%

RSI-14 MOMENTUM 47.1

5Y EQUITY BETA 0.98

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // DINOPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $102.38

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for DINO & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>

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