HF Sinclair Corp SEC 10-Q Report

HF Sinclair Corp, a leading player in the energy sector, has released its latest Form 10-Q report, showcasing a robust financial and operational performance. The report highlights significant improvements in key financial metrics and outlines strategic business initiatives that have driven the company's success in the recent quarter.

Financial Highlights

• Sales and other revenues: $7,251 million, reflecting a slight increase from $7,207 million in the same period last year, driven by strong performance in the Refining and Marketing segments.
• Income (loss) from operations: $564 million, a significant improvement from a loss of $121 million in the prior year, indicating enhanced operational efficiency and cost management.
• Net income (loss) attributable to HF Sinclair stockholders: $403 million, compared to a net loss of $76 million in the previous year, highlighting a strong recovery and improved profitability.
• Basic earnings (loss) per share: $2.15, up from a loss of $0.40 per share, demonstrating a substantial turnaround in earnings performance.
• Diluted earnings (loss) per share: $2.15, consistent with basic earnings per share, indicating no dilution effect from potential share conversions.

Business Highlights

• Revenue Segments: The Refining segment generated significant revenue from the sale of transportation fuels, lubricants, and specialty products. The Renewables segment contributed with revenues from renewable diesel, while the Marketing segment saw strong performance from branded fuel sales. The Lubricants & Specialties segment benefited from sales of base oils and specialty products.
• Geographical Performance: The company experienced improved refining margins in the Mid-Continent and West regions. The Marketing segment's branded sites, particularly in the West and Mid-Continent regions, continued to provide a consistent sales channel with margin uplift.
• Sales Units: The company expects to run between 550,000-590,000 barrels per day of crude oil in the fourth quarter of 2025, reflecting the completion of the planned turnaround at the Puget Sound refinery.
• New Production Launches: The company is evaluating a multi-phased expansion of its Midstream footprint, which could enhance operational capacity and efficiency.
• Future Outlook: The company anticipates capturing more value from the Producer’s Tax Credit in the Renewables segment in the fourth quarter of 2025. Additionally, the Marketing segment aims to grow the number of branded sites by approximately 10% annually.

SEC Filing: HF Sinclair Corp [ DINO ] - 10-Q - Oct. 30, 2025