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Dec 31, 2023

HF Sinclair Q4 2023 Earnings Report

HF Sinclair reported a net loss for Q4 2023, but adjusted net income showed positive earnings. The company focused on operational improvements and shareholder returns.

Key Takeaways

HF Sinclair reported a net loss of $(62.2) million for the fourth quarter of 2023, or $(0.34) per diluted share. However, adjusted net income was $164.6 million, or $0.87 per diluted share. The company returned $247.5 million to stockholders through dividends and share repurchases and announced an increase in the regular quarterly dividend to $0.50 per share.

Reported net loss attributable to HF Sinclair stockholders of $(62.2) million, or $(0.34) per diluted share, and adjusted net income of $164.6 million, or $0.87 per diluted share.

Reported EBITDA of $128.4 million and adjusted EBITDA of $427.7 million.

Returned $247.5 million to stockholders through dividends and share repurchases.

Announced $0.05 increase in regular quarterly dividend to $0.50 per share.

Total Revenue
$7.66B
Previous year: $8.99B
-14.7%
EPS
$0.87
Previous year: $2.97
-70.7%
Adjusted EBITDA
$428M
Previous year: $1B
-57.4%
Refinery Gross Margin
$13.9
Previous year: $23.5
-40.9%
Refinery Throughput (BPD)
664.39K
Previous year: 673.11K
-1.3%
Gross Profit
$703M
Previous year: $1.58B
-55.4%
Cash and Equivalents
$1.35B
Previous year: $1.67B
-18.7%
Free Cash Flow
$117M
Previous year: $816M
-85.7%
Total Assets
$17.7B
Previous year: $18.1B
-2.3%

HF Sinclair

HF Sinclair

HF Sinclair Revenue by Segment

Forward Guidance

HF Sinclair did not provide specific forward guidance in this earnings report. The focus is on executing their corporate strategy to maximize shareholder value, leveraging their diversified asset base and disciplined capital allocation approach.

Revenue & Expenses

Visualization of income flow from segment revenue to net income