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Sep 30
HF Sinclair Q3 2025 Earnings Report
HF Sinclair reported a significant increase in net income and adjusted EPS for Q3 2025, driven by improved refining margins and operational performance.
Key Takeaways
HF Sinclair delivered strong third-quarter results, with net income attributable to stockholders reaching $403 million, a substantial improvement from a net loss in the prior year. Adjusted net income also saw a significant increase to $459 million. The company attributed this performance to measurable improvements in operating and commercial performance, including increased refining throughput and capture, and reductions in operating costs. The company returned $254 million to shareholders during the quarter and announced a $0.50 quarterly dividend.
Net income attributable to HF Sinclair stockholders was $403 million, or $2.15 per diluted share, a significant turnaround from a net loss of $76 million in Q3 2024.
Adjusted net income attributable to HF Sinclair stockholders increased to $459 million, or $2.44 per diluted share, up from $96 million in Q3 2024.
Refining segment Adjusted EBITDA surged to $661 million, primarily due to higher adjusted refinery gross margins and decreased turnaround activities.
The company returned $254 million in cash to shareholders during the quarter, including a $0.50 quarterly dividend and $166 million in share repurchases.
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
HF Sinclair expects to continue generating strong cash flows, enhance reliability, and optimize and grow its portfolio. The company anticipates capturing incrementally more value from the Producer’s Tax Credit in the fourth quarter of 2025.
Positive Outlook
- Commitment to generating strong cash flows.
- Focus on enhancing operational reliability.
- Continued optimization and growth of the company's portfolio.
- Expectation to capture incrementally more value from the Producer’s Tax Credit in Q4 2025.
- Continued return of cash to shareholders through dividends and share repurchases.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The report does not explicitly mention any anticipated challenges or headwinds for the upcoming quarter.
- Potential for market volatility in crude oil and refined products prices.
- Uncertainty regarding future governmental and environmental regulations.
- Risks associated with global economic conditions and geopolitical events.