Loading...
•
Dec 31, 2025
HF Sinclair Q4 2025 Earnings Report
HF Sinclair reported a fourth quarter 2025 net loss driven by refining weakness, while adjusted EBITDA remained strong and cash returns to shareholders continued.
Key Takeaways
HF Sinclair posted Q4 2025 sales of 6464000000 and a net loss of 28000000, or -0.16 per diluted share, primarily reflecting refining headwinds and inventory valuation impacts, while adjusted EBITDA reached 564000000.
Q4 net loss attributable to stockholders was 28000000, or -0.16 per diluted share.
Adjusted EBITDA totaled 564000000 compared to 28000000 in the prior year quarter.
Refining Adjusted EBITDA improved to 403000000 amid stronger adjusted refinery margins.
The company declared and paid a regular quarterly dividend of 0.50 per share.
Revenue by Segment
Forward Guidance
The company remains focused on safe and reliable operations, growth in Midstream, Lubricants and Marketing, and continued shareholder returns, while navigating refining margin volatility.
Positive Outlook
- Strong Midstream and Marketing performance.
- Improved adjusted refinery gross margins year over year.
- Continued shareholder returns through dividends and repurchases.
- Solid liquidity position with 978000000 in cash.
- Lower annual refining operating expense per barrel achieved in 2025.
Challenges Ahead
- Seasonal weakness in refining crack spreads.
- Inventory valuation impacts affecting reported earnings.
- Operational disruptions including refinery turnaround and unplanned events.
- Net loss reported on a GAAP basis for the quarter.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...