01—Abstract
Summary
Summary of the 8-K filed December 9, 2025. Cited figures are marked; the original filing is the authoritative source.
HF Sinclair Corporation (DINO) furnished a Form 8-K under Item 7.01 (Regulation FD Disclosure) on December 9, 2025, providing its capital expenditure guidance for fiscal year 2026.
The company expects total capital and turnaround cash spending of $775 milliona for 2026, comprising $650 million in sustaining capital investments and $125 million in growth capital investments. Within sustaining capital, the largest allocation is Turnarounds & Catalysts at $325 million, followed by Refining at $225 million. Lubricants & Specialties and Midstream are each planned at $25 million and $30 million respectively, Marketing at $30 million, Renewables at $6 million, and Corporate at $9 million.
For investors, the guidance indicates that turnaround and catalyst spending and refining sustaining work make up the bulk of planned sustaining outlays. The information is furnished rather than filed, so it is not subject to the liabilities of Section 18 of the Securities Exchange Act of 1934. The filing includes a safe harbor cautionary statement noting that results could differ materially due to factors such as crude oil and refined product supply and demand, refinery operations, regulatory and environmental developments, geopolitical conflicts, cyberattacks, financing availability, and the company's ability to complete capital projects on time and within guidance.
02—Key points
Key Highlights
- Total 2026 planned capital and turnaround cash spending of $775 million
- Total sustaining capital investments of $650 million, including turnarounds and catalysts
- Growth capital investments planned at $125 million for 2026
- Turnarounds & Catalysts is the largest sustaining category at $325 million
- Refining sustaining capital planned at $225 million
- Segment allocations include Midstream $30 million, Marketing $30 million, Lubricants & Specialties $25 million, Corporate $9 million, and Renewables $6 million
- Guidance furnished under Regulation FD, not deemed filed under Section 18 of the Exchange Act
03—Questions
Frequently Asked Questions
What is HF Sinclair's total capital spending plan for 2026?
HF Sinclair expects total capital and turnaround cash spending of $775 million for fiscal year 2026, made up of $650 million in sustaining capital investments and $125 million in growth capital investments.
How is the sustaining capital budget allocated?
Of the $650 million in sustaining capital, Turnarounds & Catalysts accounts for $325 million, Refining for $225 million, Marketing and Midstream for $30 million each, Lubricants & Specialties for $25 million, Corporate for $9 million, and Renewables for $6 million.
What is the planned growth capital investment for 2026?
The filing states growth capital investments of $125 million for fiscal year 2026.
Does this guidance carry any forward-looking risk?
Yes. The filing's safe harbor statement cautions that actual results could materially differ due to factors including crude oil and refined product supply and demand, refinery and pipeline disruptions, environmental and regulatory changes, geopolitical conflicts, cyberattacks, availability of financing, and the company's ability to complete capital projects on time and within capital guidance. The company also undertakes no obligation to update these statements except as required by law.
04—Continue