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Sep 30, 2023

HF Sinclair Q3 2023 Earnings Report

HF Sinclair reported strong third quarter results driven by solid performance across its refining, lubricants, HEP and marketing businesses.

Key Takeaways

HF Sinclair reported a net income attributable to stockholders of $790.9 million, or $4.23 per diluted share. Adjusted net income was $760.4 million, or $4.06 per diluted share. The company returned $669.2 million to stockholders through dividends and share repurchases. The Board of Directors declared a regular quarterly dividend of $0.45 per share.

Net income attributable to HF Sinclair stockholders was $790.9 million, or $4.23 per diluted share.

Adjusted net income was $760.4 million, or $4.06 per diluted share.

EBITDA was $1,245.6 million and Adjusted EBITDA was $1,206.5 million.

Returned $669.2 million to stockholders through dividends and share repurchases.

Total Revenue
$8.91B
Previous year: $10.6B
-16.0%
EPS
$4.06
Previous year: $4.58
-11.4%
Adjusted EBITDA
$1.21B
Previous year: $1.5B
-19.6%
Refinery Gross Margin
$26.6
Previous year: $31.5
-15.5%
Refinery Throughput (BPD)
645.1K
Previous year: 645.78K
-0.1%
Gross Profit
$1.82B
Previous year: $2.03B
-10.7%
Cash and Equivalents
$2.21B
Previous year: $1.45B
+53.0%
Free Cash Flow
$1.32B
Previous year: $781M
+69.4%
Total Assets
$18.9B
Previous year: $18.2B
+3.7%

HF Sinclair

HF Sinclair

HF Sinclair Revenue by Segment

Forward Guidance

HF Sinclair remains focused on executing its strategy of safe and reliable operations as it continues to integrate and optimize its assets across its portfolio.

Revenue & Expenses

Visualization of income flow from segment revenue to net income