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Mar 31
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.
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.comMidstream Revenue
CapyFin.com 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.
- Inability to recognize benefits from Producer’s Tax Credit in Renewables due to legislative uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income