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Jun 30, 2024

HF Sinclair Q2 2024 Earnings Report

Reported a decrease in net income and adjusted net income compared to the same quarter last year, but saw strong contributions from Lubricants & Specialties and Midstream segments.

Key Takeaways

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.

Net income attributable to HF Sinclair stockholders was $151.8 million, or $0.79 per diluted share.

Adjusted net income was $149.3 million, or $0.78 per diluted share.

EBITDA was reported at $408.0 million, with Adjusted EBITDA at $405.8 million.

Returned $467.1 million to stockholders through dividends and share repurchases.

Total Revenue
$7.85B
Previous year: $7.83B
+0.2%
EPS
$0.78
Previous year: $2.6
-70.0%
Adjusted EBITDA
$406M
Previous year: $868M
-53.3%
Refinery Gross Margin
$11.3
Previous year: $22.2
-49.0%
Refinery Throughput (BPD)
676.61K
Previous year: 598.97K
+13.0%
Gross Profit
$302M
Previous year: $1.38B
-78.1%
Cash and Equivalents
$866M
Previous year: $1.61B
-46.3%
Free Cash Flow
$142M
Previous year: $426M
-66.7%
Total Assets
$17.4B
Previous year: $18.2B
-4.5%

HF Sinclair

HF Sinclair

HF Sinclair Revenue by Segment

Forward Guidance

HF Sinclair remains focused on executing its strategy to improve reliability, optimize and integrate across its portfolio, and generate strong cash flows to deliver returns to its shareholders.

Revenue & Expenses

Visualization of income flow from segment revenue to net income