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Dec 31, 2024
HF Sinclair Q4 2024 Earnings Report
HF Sinclair reported a net loss for Q4 2024 due to a downturn in the refining business, partially offset by strong contributions from other segments.
Key Takeaways
HF Sinclair posted a net loss of $214 million for Q4 2024, compared to a net loss of $62 million in Q4 2023. Adjusted net loss was $191 million. Revenue declined 15% year-over-year to $6.5 billion, impacted by lower refinery gross margins and sales volumes. The company continues to focus on strategic priorities and returning cash to shareholders.
Net loss of $214 million, compared to $62 million in Q4 2023.
Revenue declined 15% YoY to $6.5 billion.
Refining segment loss widened due to lower margins and sales volumes.
Cash and cash equivalents stood at $800 million, down from $1.35 billion.
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 remains focused on optimizing operations, maintaining financial discipline, and returning capital to shareholders.
Positive Outlook
- Continued strong performance in Midstream and Marketing segments.
- Strategic focus on integration and cost optimization.
- Commitment to returning cash to shareholders via dividends and buybacks.
- Investment in renewable fuels to support long-term growth.
- Operational efficiencies expected to improve margins in non-refining segments.
Challenges Ahead
- Weak refining margins due to high global supply of transportation fuels.
- Lower refined product sales volumes impacting revenue.
- Increased cost of materials affecting profitability.
- Declining cash reserves due to net losses and dividend payouts.
- Macroeconomic uncertainties and market volatility posing risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income