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Mar 31, 2025
HF Sinclair Q1 2025 Earnings Report
Reported a Net loss attributable to HF Sinclair stockholders of $4 million for the first quarter of 2025.
Key Takeaways
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.
Net loss attributable to HF Sinclair stockholders was $4 million, a significant decrease from $315 million net income in Q1 2024.
Adjusted net loss attributable to HF Sinclair stockholders was $50 million, compared to $142 million adjusted net income in Q1 2024.
Refining segment income before interest and income taxes decreased significantly from $312 million in Q1 2024 to a loss of $30 million in Q1 2025.
Cash and cash equivalents decreased by $253 million from December 31, 2024 to $547 million at March 31, 2025.
Revenue by Segment
Forward Guidance
The company is encouraged by recent improvements in refining margins and remains focused on executing strategic priorities across all segments.
Positive Outlook
- Strong results in Marketing, Midstream, and Lubricants & Specialties businesses.
- Sequential improvement in Refining results.
- Encouraged by recent improvement in refining margins.
- Continuing to focus on execution of strategic priorities.
- Aiming to capture value across all business segments.
Challenges Ahead
- Market headwinds and uncertainty caused by tariffs impacting performance.
- Lower adjusted refinery gross margins in both West and Mid-Continent regions.
- Lower refined product sales volumes in Refining.
- Lower sales volumes in Renewables.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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