HF Sinclair Earnings Reports

HF Sinclair delivered a strong second quarter in 2025, with significant increases in net income and adjusted EPS compared to the previous year. The Refining segment showed substantial improvement due to higher adjusted refinery gross margins, while the Marketing and Midstream segments also contributed positively. The company continued to return capital to shareholders through dividends and share repurchases.

HF Sinclair experienced a significant decline in profitability in Q1 2025 compared to the previous year, reporting a net loss of $4 million. This was primarily driven by a substantial decrease in the Refining segment's performance, although other segments like Marketing and Midstream showed improved results. The company also saw a decrease in cash and cash equivalents.

HF Sinclair posted a net loss of $214 million for Q4 2024, compared to a net loss of $62 million in Q4 2023. Adjusted net loss was $191 million. Revenue declined 15% year-over-year to $6.5 billion, impacted by lower refinery gross margins and sales volumes. The company continues to focus on strategic priorities and returning cash to shareholders.

HF Sinclair reported a net loss attributable to HF Sinclair stockholders of $(75.9) million, or $(0.40) per diluted share, for the third quarter. Adjusted net income was $96.5 million, or $0.51 per diluted share. The company returned $221.8 million to stockholders through dividends and share repurchases and announced a regular quarterly dividend of $0.50 per share.

HF Sinclair reported net income attributable to HF Sinclair stockholders of $151.8 million, or $0.79 per diluted share, and adjusted net income of $149.3 million, or $0.78 per diluted share, for the second quarter. The company returned $467.1 million to stockholders through dividends and share repurchases and announced a regular quarterly dividend of $0.50 per share. The performance reflects progress on delivering safe and reliable operations, with benefits seen from strategic initiatives across all business segments.

HF Sinclair reported a net income of $314.7 million, or $1.57 per diluted share, for the first quarter of 2024. Adjusted net income was $142.3 million, or $0.71 per diluted share. The company returned $269.0 million to stockholders through dividends and share repurchases and authorized a new $1.0 billion share repurchase program.

HF Sinclair reported a net loss of $(62.2) million for the fourth quarter of 2023, or $(0.34) per diluted share. However, adjusted net income was $164.6 million, or $0.87 per diluted share. The company returned $247.5 million to stockholders through dividends and share repurchases and announced an increase in the regular quarterly dividend to $0.50 per share.

HF Sinclair reported a net income attributable to stockholders of $790.9 million, or $4.23 per diluted share. Adjusted net income was $760.4 million, or $4.06 per diluted share. The company returned $669.2 million to stockholders through dividends and share repurchases. The Board of Directors declared a regular quarterly dividend of $0.45 per share.

HF Sinclair reported a net income attributable to stockholders of $507.7 million, or $2.62 per diluted share. Adjusted net income was $503.8 million, or $2.60 per diluted share. The results were driven by healthy refining product margins and solid performances from other business segments.

HF Sinclair reported a net income of $353.3 million, or $1.79 per diluted share, and adjusted net income of $394.1 million, or $2.00 per diluted share, for the first quarter of 2023. The company returned $333.6 million to shareholders through dividends and share repurchases. The refining segment was a key driver of the strong performance, with income before interest and income taxes increasing to $441.0 million.

HF Sinclair reported a net income attributable to HF Sinclair stockholders of $587.0 million, or $2.92 per diluted share, for the fourth quarter ended December 31, 2022. Adjusted net income was $597.8 million, or $2.97 per diluted share. The company returned $475.2 million to shareholders through dividends and share repurchases during the quarter and announced an increase in the regular quarterly dividend to $0.45 per share.

HF Sinclair reported a net income attributable to stockholders of $954.4 million, or $4.45 per diluted share, for the third quarter. Adjusted net income was $982.9 million, or $4.58 per diluted share. The company returned $951.5 million to shareholders through dividends and share repurchases.

HF Sinclair reported a net income attributable to stockholders of $1,221.3 million, or $5.43 per diluted share, and adjusted net income of $1,258.5 million, or $5.59 per diluted share. The company delivered strong financial results in the second quarter driven by robust performance in refining, marketing, lubricants and midstream segments. HF Sinclair also announced a regular quarterly dividend of $0.40 per share.

HF Sinclair reported a net income of $160.0 million, or $0.90 per diluted share, for Q1 2022. Adjusted net income was $175.6 million, or $0.99 per diluted share. The company closed the acquisition of the Sinclair companies and increased the regular quarterly dividend to $0.40 per share.