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Sep 30, 2024

HF Sinclair Q3 2024 Earnings Report

Reported a net loss, but marketing, midstream and lubricants & specialties segments showed strong earnings. Company returned capital to stockholders through dividends and share repurchases.

Key Takeaways

HF Sinclair reported a net loss attributable to HF Sinclair stockholders of $(75.9) million, or $(0.40) per diluted share, for the third quarter. Adjusted net income was $96.5 million, or $0.51 per diluted share. The company returned $221.8 million to stockholders through dividends and share repurchases and announced a regular quarterly dividend of $0.50 per share.

Reported Net loss attributable to HF Sinclair stockholders of $(75.9) million, or $(0.40) per diluted share, and adjusted net income of $96.5 million, or $0.51 per diluted share, for the third quarter

Reported EBITDA of $98.6 million and Adjusted EBITDA of $316.0 million for the third quarter

Returned $221.8 million to stockholders through dividends and share repurchases in the third quarter

Announced a regular quarterly dividend of $0.50 per share

Total Revenue
$7.21B
Previous year: $8.91B
-19.1%
EPS
$0.51
Previous year: $4.06
-87.4%
Adjusted EBITDA
$316M
Previous year: $1.21B
-73.8%
Refinery Gross Margin
$10.8
Previous year: $26.6
-59.4%
Refinery Throughput (BPD)
607.01K
Previous year: 645.1K
-5.9%
Gross Profit
$637M
Previous year: $1.82B
-65.0%
Cash and Equivalents
$1.23B
Previous year: $2.21B
-44.5%
Free Cash Flow
$586M
Previous year: $1.32B
-55.7%
Total Assets
$16.9B
Previous year: $18.9B
-10.7%

HF Sinclair

HF Sinclair

HF Sinclair Revenue by Segment

Forward Guidance

HF Sinclair remains committed to safe and reliable operations, and believes the diversification of its businesses positions it to generate through-cycle cash flows and continued returns to its shareholders.

Revenue & Expenses

Visualization of income flow from segment revenue to net income