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Dec 31, 2022

HF Sinclair Q4 2022 Earnings Report

HF Sinclair reported strong fourth quarter and full year results, driven by refining and lubricants segments and returned significant cash to shareholders.

Key Takeaways

HF Sinclair reported a net income attributable to HF Sinclair stockholders of $587.0 million, or $2.92 per diluted share, for the fourth quarter ended December 31, 2022. Adjusted net income was $597.8 million, or $2.97 per diluted share. The company returned $475.2 million to shareholders through dividends and share repurchases during the quarter and announced an increase in the regular quarterly dividend to $0.45 per share.

Reported net income attributable to HF Sinclair stockholders of $587.0 million, or $2.92 per diluted share, and adjusted net income of $597.8 million, or $2.97 per diluted share.

Reported EBITDA of $990.9 million and adjusted EBITDA of $1,004.1 million.

Returned $475.2 million to shareholders through dividends and share repurchases.

Announced $0.05 increase in regular quarterly dividend to $0.45 per share.

Total Revenue
$8.99B
Previous year: $5.62B
+59.8%
EPS
$2.97
Previous year: -$0.11
-2800.0%
Adjusted EBITDA
$1B
Refinery Gross Margin
$23.5
Refinery Throughput (BPD)
673.11K
Gross Profit
$1.58B
Previous year: $522M
+202.2%
Cash and Equivalents
$1.67B
Previous year: $234M
+610.2%
Free Cash Flow
$816M
Previous year: -$586M
-239.2%
Total Assets
$18.1B
Previous year: $12.9B
+40.3%

HF Sinclair

HF Sinclair

HF Sinclair Revenue by Segment

Forward Guidance

HF Sinclair did not provide specific forward guidance in this press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income