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Jun 30, 2023

HF Sinclair Q2 2023 Earnings Report

HF Sinclair reported strong second quarter results driven by healthy refining product margins and solid performance from lubricants, marketing, and midstream businesses.

Key Takeaways

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.

Net income attributable to HF Sinclair stockholders was $507.7 million, or $2.62 per diluted share.

Adjusted net income was $503.8 million, or $2.60 per diluted share.

EBITDA was $872.3 million and Adjusted EBITDA was $868.2 million.

Returned $87.3 million to stockholders through dividends.

Total Revenue
$7.83B
Previous year: $11.2B
-29.8%
EPS
$2.6
Previous year: $5.59
-53.5%
Adjusted EBITDA
$868M
Previous year: $1.85B
-53.1%
Refinery Gross Margin
$22.2
Previous year: $36.4
-38.9%
Refinery Throughput (BPD)
598.97K
Previous year: 663.31K
-9.7%
Gross Profit
$1.38B
Previous year: $2.38B
-42.2%
Cash and Equivalents
$1.61B
Previous year: $1.7B
-5.2%
Free Cash Flow
$426M
Previous year: $1.38B
-69.1%
Total Assets
$18.2B
Previous year: $19.2B
-5.1%

HF Sinclair

HF Sinclair

HF Sinclair Revenue by Segment

Forward Guidance

The press release does not contain specific forward guidance. It mentions that the company believes its diversified portfolio is well positioned to capture margins for the remainder of the year and remains focused on reliability and integration of its asset base.

Revenue & Expenses

Visualization of income flow from segment revenue to net income