HF Sinclair Corporation ( (DINO) ) has released its Q4 earnings. Here is a breakdown of the information HF Sinclair Corporation presented to its investors.
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HF Sinclair Corporation, based in Dallas, Texas, is an independent energy company engaged in the production and marketing of high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel, lubricants, and specialty products. The company operates refineries and provides transportation, terminalling, storage, and throughput services in various regions across the United States.
In its 2024 fourth quarter and full-year earnings report, HF Sinclair Corporation announced a net loss of $214 million for the fourth quarter, translating to a loss of $1.14 per diluted share. For the full year, the company reported a net income of $177 million, or $0.91 per diluted share, with significant contributions from its Midstream, Lubricants & Specialties, and Marketing segments despite challenges in its Refining business.
Key financial metrics highlighted a decrease in sales and other revenues to $6.5 billion for the fourth quarter, down from $7.66 billion in the same period the previous year. The company’s EBITDA was reported at $9 million for the quarter, with adjusted EBITDA at $28 million. For the full year, HF Sinclair generated EBITDA of $1,133 million and adjusted EBITDA of $1,149 million, returning over $1 billion to shareholders through dividends and share repurchases.
The report emphasized the company’s strategic focus on optimizing its diversified portfolio, achieving record earnings in its Midstream and Marketing segments, and maintaining strong performance in its Lubricants & Specialties business. HF Sinclair announced a regular quarterly dividend of $0.50 per share, underscoring its commitment to returning excess cash to shareholders.
Looking ahead, HF Sinclair’s management remains focused on safe and reliable operations while executing strategic priorities. The company is committed to enhancing shareholder value through cash returns and strategic initiatives, despite the cyclical downturn in the refining sector and broader market challenges.
