HF Sinclair Q4 Earnings Call Highlights

EVP of Commercial Steve Ledbetter said HF Sinclair delivered “solid” full-year 2025 adjusted EBITDA of $2.3 billion and fourth-quarter adjusted EBITDA of $564 million. Ledbetter said refining results in the quarter reflected seasonal weakness, with margins strongest early in the quarter when throughput was lowest, followed by a significant weakening toward quarter-end in core markets in the Rockies, Mid-Con, and Southwest.During the Q&A, management repeatedly declined to provide additional details on the ma ...