HF Sinclair Corp
NYSE:DINO

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HF Sinclair Corp Logo
HF Sinclair Corp
NYSE:DINO
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Price: 57.15 USD -4.92% Market Closed
Market Cap: $10.3B

HF Sinclair Corp
Investor Relations

HF Sinclair Corporation, born from the union of HollyFrontier Corporation and Sinclair Oil, is a formidable player in the energy sector. Headquartered in Dallas, Texas, the company operates with a diverse portfolio that extends across refining, marketing, and logistics. It owns and operates refineries in the United States, transforming crude oil into refined products like gasoline, diesel, and jet fuel. This core refining business remains the heartbeat of the company, capitalizing on efficient production processes and strategic locations that optimize crude acquisition and product distribution. By leveraging its size and technological capabilities, HF Sinclair is able to generate profits through economies of scale, keeping refining margins robust against volatile market tides.

Beyond the refinery gates, HF Sinclair engages in marketing its petroleum products under the well-known Sinclair brand. This includes an expansive distribution network encompassing thousands of branded stations across the country, ensuring the visibility of Sinclair's iconic dinosaur logo. The logistics arm complements this setup, providing pipelines, terminals, and other necessary infrastructure to transport and store products efficiently. Additionally, its investments in renewable diesel through joint ventures showcase the company's commitment to evolving alongside global energy transitions. In weaving together these operational strands, HF Sinclair successfully constructs a dynamic business model that melds traditional energy practices with modern-day market adaptability, ensuring it remains a significant player in the energy landscape.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 18, 2026
AI Summary
Q4 2025

Audit & CEO Update: CEO Tim Go is on voluntary leave; Board is reviewing disclosure processes, but management states financials are reliable and no changes expected.

Q4 Results: Reported a net loss of $28 million, or negative $0.16 per share, mainly due to special items; adjusted net income was $221 million, or $1.20 per share.

SRE Impact: Small refinery RINs waivers boosted Q4 adjusted refining gross margin by $313 million, a significant tailwind.

Full Year Performance: 2025 adjusted EBITDA was $2.3 billion; strong cost control in refining and record annual throughput of 652,000 barrels per day.

Shareholder Returns: Returned over $724 million in 2025 via dividends and share repurchases; announced a $0.50/share quarterly dividend.

Growth Initiatives: Launched Green Trail Fuels JV to expand branded retail footprint; progressing refinery upgrades and midstream pipeline projects.

Guidance: 2026 sustaining capital expected at $650 million, down $125 million from 2025; Q1 refining throughput guidance is 585,000–650,000 barrels/day.

Segment Dynamics: Lubricants segment saw weaker Q4 due to seasonality, costs, and feedstock; Midstream delivered record annual EBITDA.

Key Financials
Adjusted EBITDA
$564 million
Full Year Adjusted EBITDA
$2.3 billion
Net Loss
$28 million
EPS
-$0.16
Adjusted Net Income
$221 million
Adjusted EPS
$1.20
Refining Segment Adjusted EBITDA
$403 million
SRE Impact on Adjusted Refining Gross Margin
$313 million
Crude Oil Charge (Q4)
556,000 barrels per day
Full Year Refining Throughput
652,000 barrels per day
Refining Operating Expense per Barrel
$7.67
Reduction in Refining Operating Costs
$87 million
Quarterly Dividend
$0.50 per share
Total Shareholder Returns (2025)
$724 million
Marketing Segment Annual EBITDA
$103 million
Midstream Segment Annual Adjusted EBITDA
$459 million
Lubricants and Specialties Annual EBITDA
$261 million
Net Cash Provided by Operations (Q4)
$8 million
Capital Expenditures (Q4)
$131 million
Total Liquidity (Dec 31, 2025)
$3 billion
Cash Balance (Dec 31, 2025)
$978 million
Debt Outstanding (Dec 31, 2025)
$2.8 billion
Debt-to-Cap Ratio
23%
Net Debt-to-Cap Ratio
15%
2026 Sustaining Capital Guidance
$650 million
2026 Growth Capital Guidance
$125 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Timothy Go
President, CEO & Director
No Bio Available
Mr. Atanas H. Atanasov CPA
CFO & Executive VP
No Bio Available
Ms. Valeria Pompa
Executive Vice President of Operations
No Bio Available
Mr. Steven C. Ledbetter
Executive Vice President of Commercial
No Bio Available
Mr. Vivek Garg
Chief Accounting Officer, VP & Controller
No Bio Available
Mr. Joseph Fronzaglio
VP & Chief Information Officer
No Bio Available
Mr. Craig Biery
Vice President of Investor Relations
No Bio Available
Mr. Eric L. Nitcher
Executive VP & General Counsel
No Bio Available
Mr. Dale Kunneman
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Jerry P. Miller
Senior Vice President of Commercial
No Bio Available

Contacts

Address
TEXAS
Dallas
2828 N. Harwood, Suite 1300
Contacts
+12149546696.0
www.hfsinclair.com
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