HF Sinclair Q4 Earnings Call Highlights

HF Sinclair (NYSE:DINO) utilized its fourth-quarter 2025 net telephone to outline full-year results, conception performance, and superior allocation priorities, portion besides addressing 2 governance-related developments disclosed earlier successful the day.

Acting Chief Executive Officer Franklin Myers said Chief Executive Officer and President Tim Go, who is besides a committee member, requested a voluntary permission of absence. The committee accepted the petition and elected Myers arsenic impermanent CEO and president.

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Myers besides said the audit committee is assessing definite matters related to the company’s disclosure processes. He emphasized the reappraisal “relates to our disclosure processes and not to the numbers we released” and said the institution is comfy with the fiscal statements and disclosures issued with the net release. Myers noted the audit was not yet implicit pending the review, and said the institution “fully expect[s] to marque a timely filing of the 10-K.”

During the Q&A, absorption repeatedly declined to supply further details connected the absorption alteration oregon disclosure reappraisal beyond what had been released publicly. Myers said the institution would supply updates if and erstwhile it has further accusation that it tin share.

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EVP of Commercial Steve Ledbetter said HF Sinclair delivered “solid” full-year 2025 adjusted EBITDA of $2.3 cardinal and fourth-quarter adjusted EBITDA of $564 million. Ledbetter said refining results successful the 4th reflected seasonal weakness, with margins strongest aboriginal successful the 4th erstwhile throughput was lowest, followed by a important weakening toward quarter-end successful halfway markets successful the Rockies, Mid-Con, and Southwest.

Ledbetter said refining net were negatively affected by the Puget Sound refinery turnaround and an unplanned lawsuit astatine the Artesia refinery. He pointed to affirmative contributions from midstream, lubricants, and selling arsenic grounds of portfolio diversification.

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CFO Atanas Atanasov reported a fourth-quarter nett nonaccomplishment attributable to shareholders of $28 million, oregon antagonistic $0.16 per diluted share. He said peculiar items collectively decreased nett income by $249 million. Excluding those items, Atanasov said adjusted nett income was $221 million, oregon $1.20 per diluted share, versus an adjusted nett nonaccomplishment of $191 million, oregon antagonistic $1.02 per diluted share, successful the 4th fourth of 2024.