HF Sinclair Corp DINO

Energy SIC 4610 - Pipe Lines (No Natural Gas) NAICS Transportation and Warehousing › Pipeline Transportation › Other Pipeline Transportation derived NYSE

References herein to HF Sinclair Corporation ("HF Sinclair" or the "Company") include HF Sinclair and its consolidated subsidiaries. In this document, the words "we," "our," "ours" and "us" refer only to HF Sinclair and its consolidated subsidiaries or, in certain contexts, to HF Sinclair or an individual consolidated subsidiary and not to any other person, with certain exceptions. References herein to Holly Energy Partners, L.P. ("HEP") with respect to time periods prior to the HEP Merger Transaction (as defined below) refer to HEP and its consolidated subsidiaries.

On December 1, 2023, we completed the merger of HEP into an indirect wholly owned subsidiary of HF Sinclair pursuant to an Agreement and Plan of Merger dated August 15, 2023 (the "HEP Merger Transaction"). Consideration paid in connection with the merger included cash and shares of HF Sinclair common stock.

Last close 121.66 2026-10-23
Market cap $21.63B 2026-06-30 share count
52-week range 45.71 - 129.37

Valuation FY2025 figures against the last close

P/S0.8x
P/E39.5x
P/FCF25.0x
EV/EBITDA12.8x
Dividend yield1.7%
Diluted EPS3.08

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $26.87B$28.58B$31.96B$38.20B$18.39B$11.18B$17.49B
Cost of revenue ——$25.78B$30.68B$15.57B$9.16B$13.92B
Gross profit ——$6.18B$7.52B$2.82B$2.02B$3.57B
SG&A $456.0M$447.0M$497.0M$427.0M$362.0M$313.6M$354.2M
Total operating expenses ——$2.44B$2.33B$1.52B$1.30B$1.39B
Operating income $927.0M$261.0M$2.20B$4.05B$749.2M-$733.7M$1.28B
Interest expense $217.0M$165.0M$191.0M$176.0M$125.2M$126.5M$143.3M
Pre-tax income $732.0M$218.0M$2.15B$3.94B$787.2M-$747.0M$1.17B
Income tax $146.0M$34.0M$442.0M$895.0M$123.9M$232.1M$299.2M
Net income $579.0M$177.0M$1.59B$2.92B$558.3M-$601.4M$772.4M
EPS, basic 3.080.918.2914.283.39-3.724.64
EPS, diluted 3.080.918.2914.283.39-3.724.61
Shares, diluted (wtd. avg.) 186.5M192.1M190.0M202.6M162.6M162.0M167.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $978.0M$800.0M$1.35B$1.67B$234.0M$1.37B$885.2M
Receivables $1.14B$1.25B$1.73B$1.70B$1.24B——
Inventory $2.57B$2.80B$2.92B$3.21B$2.12B——
Total current assets $4.81B$5.01B$6.15B$6.75B$3.76B——
Goodwill $2.98B$2.98B$2.98B$2.98B$2.29B——
Other intangibles $301.0M$351.0M$411.0M$463.7M$299.1M——
Total assets $16.51B$16.64B$17.72B$18.13B$12.92B——
Accounts payable $1.90B$2.24B$2.21B$2.33B$1.61B——
Short-term debt $0$350.0M$0$307.0M$0——
Total current liabilities $2.48B$3.04B$2.77B$3.25B$2.07B——
Long-term debt $2.77B$2.29B$2.74B$2.95B$3.07B——
Total liabilities $7.26B$7.30B$7.48B————
Retained earnings $5.37B$5.17B$5.38B$4.13B$4.41B——
Total equity $9.18B$9.28B$10.24B$10.02B$6.29B$5.72B$6.51B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $1.31B$1.11B$2.30B$3.78B$406.7M$457.9M$1.55B
Depreciation and amortisation $909.0M$832.0M$771.0M$657.0M$503.5M$520.9M$509.9M
Stock-based compensation $33.0M$23.0M$41.0M$31.0M$39.3M$31.7M$42.3M
Capital expenditure $449.0M$470.0M$385.0M$524.0M$725.1M$270.9M$263.7M
Investing cash flow -$516.0M-$468.0M-$371.0M-$774.0M-$1.33B-$330.2M-$972.9M
Financing cash flow -$631.0M-$1.18B-$2.24B-$1.56B-$211.8M$353.2M-$848.3M
Dividends paid $376.0M$386.0M$341.0M$256.0M$57.7M$229.5M$225.2M
Buybacks $354.0M$672.0M$999.0M$1.37B$7.1M$7.6M$533.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001915657-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B 40B Revenue, FY2019: 17.5B Gross profit, FY2019: 3.6B Net income, FY2019: 772.4M Revenue, FY2020: 11.2B Gross profit, FY2020: 2B Net income, FY2020: -601.4M Revenue, FY2021: 18.4B Gross profit, FY2021: 2.8B Net income, FY2021: 558.3M Revenue, FY2022: 38.2B Gross profit, FY2022: 7.5B Net income, FY2022: 2.9B Revenue, FY2023: 32B Gross profit, FY2023: 6.2B Net income, FY2023: 1.6B Revenue, FY2024: 28.6B Net income, FY2024: 177M Revenue, FY2025: 26.9B Net income, FY2025: 579M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $17.49B $11.18B $18.39B $38.20B $31.96B $28.58B $26.87B
Gross profit $3.57B $2.02B $2.82B $7.52B $6.18B — —
Net income $772.4M -$601.4M $558.3M $2.92B $1.59B $177.0M $579.0M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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