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HF Sinclair 8-K Report, Financial Results (Jul 31, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 31, 2025
Period End
July 31, 2025
Security
DINO
In the record · 2022–202610-K410-Q158-K125

DINO filed 4 annual reports (10-K), 15 quarterly reports (10-Q) and 125 current reports (8-K) between 2022 and 2026.

  1. Leadership change8-K · Feb ’23Feb ’23
  2. Leadership change8-K · Feb ’24Feb ’24
  3. Material agreement8-K · Jan ’25Jan ’25
  4. Material agreement8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed July 31, 2025. Cited figures are marked; the original filing is the authoritative source.

HF Sinclair Corporation reported its second quarter 2025 results on July 31, 2025, along with a regular quarterly dividend of $0.50a per share.

For the quarter ended June 30, 2025, net income attributable to HF Sinclair stockholders was $208 millionb, or $1.10 per diluted share, compared with $152 million, or $0.79 per diluted share, a year earlier. Excluding non-GAAP adjustments, adjusted net income attributable to HF Sinclair stockholders was $322 million, or $1.70 per diluted share, versus $150 million, or $0.78 per diluted share, in the second quarter of 2024. Sales and other revenues declined to $6,784 million from $7,846 million, while EBITDA rose to $516 million from $408 million and Adjusted EBITDA rose to $665 million from $406 million.

The Refining segment was the main driver of the improvement. Adjusted refinery gross margin was $16.50c per produced barrel sold, compared with $11.33 a year earlier, and Refining Adjusted EBITDA was $476 million versus $187 million. Crude charge averaged 615,930 barrels per day, down from 634,730, which management attributed primarily to turnaround activity at the Tulsa and Parco refineries.

Management said the majority of 2025 turnarounds are now behind the company. The Renewables segment posted a small Adjusted EBITDA loss of $(2) million, and Lubricants & Specialties income before interest and taxes fell to $33 milliond from $74 million, reflecting lower margins and turnaround activity at Mississauga. Capital returns were $145 million in the quarter, comprising a $95 million dividend and $50 million of share repurchases.

Cash and cash equivalents were $874 million at June 30, 2025, and consolidated debt was $2,677 million. Net cash provided by operations for the quarter was $587 million. The Board declared the $0.50 quarterly dividend payable September 4, 2025 to holders of record on August 21, 2025.

02—Key points

Key Highlights

  1. Net income attributable to HF Sinclair stockholders of $208 million ($1.10 per diluted share) in Q2 2025, up from $152 million ($0.79 per diluted share) in Q2 2024.
  2. Adjusted net income attributable to HF Sinclair stockholders of $322 million ($1.70 per diluted share), versus $150 million ($0.78 per diluted share) a year earlier.
  3. Adjusted EBITDA of $665 million, up from $406 million, and EBITDA of $516 million, up from $408 million.
  4. Refining adjusted refinery gross margin of $16.50 per produced barrel sold, up from $11.33; Refining Adjusted EBITDA of $476 million versus $187 million.
  5. Sales and other revenues of $6,784 million, down from $7,846 million, with crude charge down to 615,930 BPD from 634,730 BPD due to turnarounds at Tulsa and Parco.
  6. Returned $145 million to stockholders in the quarter through a $95 million dividend and $50 million of share repurchases; declared a $0.50 quarterly dividend payable September 4, 2025.
  7. Cash and cash equivalents of $874 million and consolidated debt of $2,677 million at June 30, 2025.

03—Questions

Frequently Asked Questions

  1. What did HF Sinclair report for the second quarter of 2025?

    The company reported net income attributable to HF Sinclair stockholders of $208 million, or $1.10 per diluted share, and adjusted net income of $322 million, or $1.70 per diluted share. Adjusted EBITDA was $665 million.

  2. What drove the improvement in profitability?

    The filing attributes the increase mainly to the Refining segment, where adjusted refinery gross margin rose to $16.50 per produced barrel sold from $11.33 and Refining Adjusted EBITDA rose to $476 million from $187 million. Higher Marketing margins and higher Midstream Adjusted EBITDA also contributed.

  3. What is the dividend announced with these results?

    The Board declared a regular quarterly dividend of $0.50 per share, payable September 4, 2025 to holders of record on August 21, 2025.

  4. How much did the company return to stockholders and what is its financial position?

    The company returned $145 million in the quarter through dividends and share repurchases, including a $95 million dividend and $50 million of buybacks. At June 30, 2025, cash and cash equivalents were $874 million and consolidated debt was $2,677 million.

  5. Were there any operational headwinds in the quarter?

    Crude charge averaged 615,930 BPD versus 634,730 BPD a year earlier, primarily due to turnaround activity at the Tulsa and Parco refineries. Lubricants & Specialties income fell to $33 million from $74 million, reflecting lower margins and turnaround activity at Mississauga. Management stated that most 2025 turnarounds are now behind the company.

04—Continue

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