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Mar 31, 2023
HF Sinclair Q1 2023 Earnings Report
HF Sinclair reported strong first quarter results, driven by higher refining margins and strategic acquisitions.
Key Takeaways
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.
Net income attributable to HF Sinclair stockholders was $353.3 million, or $1.79 per diluted share.
Adjusted net income was $394.1 million, or $2.00 per diluted share.
Adjusted EBITDA reached $704.8 million.
Returned $333.6 million to shareholders through dividends and share repurchases.
HF Sinclair
HF Sinclair
HF Sinclair Revenue by Segment
Revenue by Segment
Refining Revenue
CapyFin.comRenewables Revenue
CapyFin.comMarketing Revenue
CapyFin.comLubricants & Specialties Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income