UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission File Number 001-41325 HF SINCLAIR CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 87-209 ...

Press Release February 21, 2024 HF Sinclair Corporation Reports 2023 Fourth Quarter and Full Year Results Fourth Quarter Full Year 2023 Dallas, Texas, February 21, 2024 ‑ HF Sinclair Corporation (NYSE:DINO) ("HF Sinclair" or the "Company") today reported fourth quarter net loss attributable to HF Sinclair stockholders of $(62.2) million, or $(0.34) per diluted share, for the quarter ended December 31, 2023, compared to net income attributable to HF Sinclair stockholders of $587.0 million, or $2.92 per dilut ...

DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE:DINO) (“HF Sinclair”) announced that its Board of Directors (the “Board”) appointed Jeanne M. Johns as an independent director to the Board, effective February 13, 2024. This appointment increases the size of the Board to thirteen directors and increases the number of independent directors on the Board from ten to eleven. Ms. Johns served as Chief Executive Officer and as a Managing Director of Incitec Pivot Ltd., an Australian listed multinational m ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? HF Sinclair (DINO) , which belongs to the Zacks Alternative Energy - Other industry, could be a great candidate to consider.This independent energy company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 12.89%.For the most ...

SALT LAKE CITY--(BUSINESS WIRE)--Sinclair Oil (Sinclair), an HF Sinclair (NYSE:DINO) brand, is pleased to announce that its fall 2023 giving campaign, Fueling Folds of Honor, raised more than $635,000 to support the children and spouses of fallen or disabled veterans and first responders by providing educational scholarships. Through the month of October and November, a portion of fuel purchased at participating Sinclair-branded retail locations and three dollars for every new DINOPAY® user was set aside ...

Financial Data and Key Metrics Changes - The company reported a net income attributable to shareholders of $791 million or $4.23 per diluted share for Q3 2023, down from adjusted net income of $983 million or $4.58 per diluted share in Q3 2022 [38][39] - Adjusted EBITDA for Q3 2023 was $1.2 billion, a 20% decrease compared to the same period in 2022 [38] - Operating expenses increased to $496 million in Q3 2023 from $475 million in Q3 2022, primarily due to higher maintenance costs [38] Business Line Data and Key Metrics Changes - The Refining segment's adjusted EBITDA was $1 billion in Q3 2023, down from $1.4 billion in Q3 2022, attributed to lower refining margins and reduced product sales volumes due to maintenance activities [38] - The Lubricants & Specialties Products segment reported EBITDA of $118 million for Q3 2023, significantly up from $15 million in Q3 2022, driven by a FIFO benefit from lower-priced feedstock [39] - The Renewables segment achieved adjusted EBITDA of $5 million in Q3 2023, compared to a loss of $14 million in Q3 2022, with total sales volumes increasing to 55 million gallons [60] Market Data and Key Metrics Changes - Crude oil charge averaged 602,000 barrels per day in Q3 2023, down from 646,000 barrels per day in Q3 2022, primarily due to higher maintenance activity [60] - The Marketing segment reported EBITDA of $21 million for Q3 2023, up from $10 million in Q3 2022, with branded fuel sales volumes reaching a record 398 million gallons [60] Company Strategy and Development Direction - The company is focused on improving reliability and optimizing its asset portfolio, with a commitment to returning cash to shareholders [38][39] - The integration of Holly Energy Partners (HEP) is expected to yield operational synergies and enhance overall efficiency [39][41] - The company aims to achieve normalized run rates in its Renewables segment by the end of 2023 through improved reliability and feedstock optimization [60] Management's Comments on Operating Environment and Future Outlook - Management noted that the fourth quarter typically experiences lower capture due to compressed margins, but they are optimistic about tailwinds from market dynamics [16][72] - The company is focused on enhancing operational reliability and reducing maintenance costs, which are expected to improve overall performance [101][102] - Management expressed confidence in the renewable diesel business, indicating that they have turned a corner towards profitability [70][121] Other Important Information - The company returned over $1.09 billion to shareholders year-to-date, including dividends and share repurchases, and reduced its share count by 8% [39] - Capital expenditures for Q3 2023 totaled $75 million, with expectations to end the year at the lower end of the revised guidance range of $900 million to $1.6 billion [62] Q&A Session Summary Question: What progress is being made to unlock the hidden refinery within the system? - Management emphasized reliability and integration as priorities to unlock additional capacity [44][45] Question: How is the company addressing the strength of its lubricants business? - The team is focusing on operational excellence and regional growth, optimizing the product mix to enhance margins [49][68] Question: What is the outlook for renewable diesel margins given industry capacity coming online? - Management noted that while margins tightened in Q3, gross and net margins increased due to operational improvements [114][121] Question: What are the expectations for capital spending and working capital? - The company is pleased with capital discipline and anticipates a tailwind from working capital improvements due to rising prices [75][86]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-Q _________________________________________________________________ (Mark One) HF SINCLAIR CORPORATION (Exact name of registrant as specified in its charter) Delaware 87-2092143 (State or other jurisdiction of incorporation or organization) 2828 N. Harwood, Suite 1300 (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...

Financial Data and Key Metrics Changes - For Q2 2023, HF Sinclair reported net income of $508 million or $2.62 per diluted share, a significant decrease from $1.3 billion or $5.59 per diluted share in Q2 2022 [115] - Adjusted EBITDA for Q2 2023 was $868 million, reflecting a 53% decrease compared to the same period in 2022 [115] - The refining segment's EBITDA was $703 million, down from $1.7 billion year-over-year, primarily due to lower refining margins and reduced sales volumes [3] - Operating expenses improved to $427 million in Q2 2023 from $469 million in the same period last year, aided by lower natural gas costs [3] Business Line Data and Key Metrics Changes - The Lubricants and Specialty Products segment reported EBITDA of $72 million in Q2 2023, down from $156 million in Q2 2022, mainly due to a lower FIFO benefit from feedstock inventory [4] - The Renewables segment showed an EBITDA of $23 million for Q2 2023, a recovery from a negative $63 million in Q2 2022, with total sales volumes increasing to 50 million gallons from 26 million gallons [12] - The Marketing segment achieved an EBITDA of $25 million in Q2 2023, slightly up from $24 million in Q2 2022, with branded fuel sales volumes reaching a record of 364 million gallons [116] Market Data and Key Metrics Changes - Crude oil charge averaged 54,000 barrels per day in Q2 2023, down from 627,000 barrels per day in Q2 2022 due to higher maintenance activity [102] - HEP's net income for Q2 2023 was $50 million, compared to $57 million in Q2 2022, primarily due to higher net interest expenses [7] Company Strategy and Development Direction - The company aims to optimize operations and improve reliability, focusing on integrating and optimizing its asset portfolio [80] - Capital spending guidance for 2023 was lowered to a range of $900 million to $1.06 billion, with specific allocations for refining, renewables, lubricants, and maintenance [6] - The company is not currently pursuing inorganic growth opportunities, focusing instead on improving existing assets [45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing margins for the remainder of the year, with most planned turnarounds completed [13] - The company anticipates achieving normalized run rates of 75% to 80% by the end of 2023, following improvements in operations and equipment [59][60] - Management acknowledged challenges in the lubricants market but noted strong performance in managing margins and product mix [61] Other Important Information - The company returned over $2 billion in cash to shareholders over the trailing 12 months, maintaining a commitment to a 50% payout ratio [13][117] - HF Sinclair's liquidity stood at approximately $3.3 billion as of June 30, 2023, with a debt-to-cap ratio of 15% [118] Q&A Session Summary Question: What is the outlook for refining margins and operations? - Management indicated that optimization efforts are ongoing, with a focus on running full capacity and capturing favorable market conditions [9] Question: How is the company addressing supply chain issues in the lubricants business? - Management noted improvements in supply chain visibility and cost management, with expectations for a more normalized environment in the coming quarters [47][62] Question: What are the plans for hydrogen production and reliability improvements? - Management confirmed ongoing efforts to enhance hydrogen availability and reliability, with expectations for improved performance in the second half of the year [85][87] Question: How does the company view potential M&A opportunities in the refining sector? - Management stated that while there are opportunities in the market, the current focus remains on optimizing existing assets rather than pursuing new acquisitions [68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-Q _________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ____________ ...

HF Sinclair Corporation (NYSE:DINO) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Craig Biery - Vice President, Investor Relations Tim Go - Incoming Chief Executive Officer Atanas Atanasov - Chief Financial Officer John Harrison - Chief Financial Officer of Holly Energy Partners Steve Ledbetter - Executive Vice President of Commercial Valerie Pompa - Executive Vice President of Operations Matt Joyce - Senior Vice President of Lubricants & Specialties Conference Call Participan ...