Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>HF Sinclair Corporation's third quarter results of 2025 present a mixed picture of achievements and ongoing strategies that investors might weigh carefully.</li><li>The company reported strong financial results with a net income of $403 million, or $2.15 per diluted share.</li><li>After adjustments, the net income stood at $459 million, translating to $2.44 per diluted share, marking a significant increase from the previous year.</li></ul>

HF Sinclair Corporation's third quarter results of 2025 present a mixed picture of achievements and ongoing strategies that investors might weigh carefully.The company reported strong financial results with a net income of $403 million, or $2.15 per diluted share.After adjustments, the net income stood at $459 million, translating to $2.44 per diluted share, marking a significant increase from the previous year.

HF Sinclair’s Regulatory Windfall: Is the RINs Power Move No One Saw Coming?

<ul><li>HF Sinclair Corporation reported its financial results for the second quarter of 2025, showing a mixture of progress and challenges across its various business segments.</li><li>In the Refining segment, HF Sinclair demonstrated strong operational performance.</li><li>The company completed significant turnaround activities at its Tulsa and Parco refineries, which contributed to sequential improvements in capture and crude throughput.</li></ul>

HF Sinclair Corporation reported its financial results for the second quarter of 2025, showing a mixture of progress and challenges across its various business segments.In the Refining segment, HF Sinclair demonstrated strong operational performance.The company completed significant turnaround activities at its Tulsa and Parco refineries, which contributed to sequential improvements in capture and crude throughput.

HF Sinclair: Initiation of Coverage- A Solid Renewable Diesel Play That Is Poised to Turn Regulatory Shifts Into Big Wins!

Global Editor, Base Oil News

Iain Pocock

Global Editor

Global Base Oils and Lubricants Markets

Base Oil News

Base Oil News focuses on the interplay between fundamentals and prices in the global base oils and lubricants markets.

Baseoilnews.com combines daily, weekly and monthly base oils and lubes fundamentals data from every region of the world to build the most comprehensive and up-to-date global picture of the state of the market.

The data and analysis provide key tools to understand current market developments and opportunities and to anticipate how the market is likely to behave in the coming months.

Base oils producers, lube blenders and consumers can then better plan accordingly.

Baseoilnews.com analyses and publishes market news and data every day as it breaks.

Commodities

<ul><li>US base oils prices stay relatively firm in narrow range vs vacuum gasoil prices.</li><li>Firm margins in recent weeks coincide with shutdown of key US Group II base oils unit for maintenance work.</li><li>Firm margins in recent months coincide with surge in US domestic base oils output in July-Aug 2025.</li></ul>

US base oils prices stay relatively firm in narrow range vs vacuum gasoil prices.Firm margins in recent weeks coincide with shutdown of key US Group II base oils unit for maintenance work.Firm margins in recent months coincide with surge in US domestic base oils output in July-Aug 2025.

Americas/EMEA base oils supply outlook: Week of 10 November

<ul><li>US base oils demand could be more muted amid expectations of rise in domestic supply over coming weeks following completion of plant-maintenance work.</li><li>Sufficient availability of supply in recent weeks, even during plant-shutdown, points to signs of already-slower demand during that period.</li><li>Expected rise in supply would coincide with time of year when domestic consumption typically slows anyway.</li></ul>

US base oils demand could be more muted amid expectations of rise in domestic supply over coming weeks following completion of plant-maintenance work.Sufficient availability of supply in recent weeks, even during plant-shutdown, points to signs of already-slower demand during that period.Expected rise in supply would coincide with time of year when domestic consumption typically slows anyway.

Americas/EMEA base oils demand outlook: Week of 10 November

<ul><li>US Group II base oils price-premium to vacuum gasoil (VGO) holds firm.</li><li>Firm price-premium vs VGO contrasts with falling price-premium this time a year ago.</li><li>Firm price-premium incentivizes refiners to maintain or raise output.</li></ul>

US Group II base oils price-premium to vacuum gasoil (VGO) holds firm.Firm price-premium vs VGO contrasts with falling price-premium this time a year ago.Firm price-premium incentivizes refiners to maintain or raise output.

Americas/EMEA base oils supply outlook: Week of 3 November

United States

HF Sinclair Corporation refines, transports, stores, and markets petroleum products. The Company's refineries produce light products such as gasoline, diesel fuel, and jet fuel which are marketed in the southwestern United States, northern Mexico, and Montana.

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HF Sinclair (DINO US)

HF Sinclair’s Regulatory Windfall: Is the RINs Power Move No One Saw Coming?

HF Sinclair Corporation's third quarter results of 2025 present a mixed picture of achievements and ongoing strategies that investors might weigh...

Baptista Research

HF Sinclair: Initiation of Coverage- A Solid Renewable Diesel Play That Is Poised to Turn Regulatory Shifts Into Big Wins!

HF Sinclair Corporation reported its financial results for the second quarter of 2025, showing a mixture of progress and challenges across its...

Baptista Research

Americas/EMEA base oils supply outlook: Week of 10 November

US base oils prices stay relatively firm in narrow range vs vacuum gasoil prices. Firm margins in recent weeks coincide with shutdown of key US...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 10 November

US base oils demand could be more muted amid expectations of rise in domestic supply over coming weeks following completion of plant-maintenance...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 3 November

US Group II base oils price-premium to vacuum gasoil (VGO) holds firm. Firm price-premium vs VGO contrasts with falling price-premium this time a...

Base Oil News

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