Shareholder Returns
Returned $222 million to shareholders in the third quarter through dividends and share repurchases. Since the Sinclair acquisition in March 2022, over $3.9 billion has been returned to shareholders.
Operational Achievements
Completed turnaround at Parker refinery on time and on budget. Set quarterly records for jet production and premium production at Woods Cross refinery.
Midstream Growth
Delivered strong performance with record affiliate and third-party transportation volumes, supported by crude pipeline systems in the Rockies and Southwest.
Marketing Segment Expansion
Added 22 net new branded sites in Q3 and 46 year-to-date, with plans to convert 168 stores to branded wholesale in the next 6-12 months.
Lubricants and Specialties Performance
Reported strong results despite FIFO headwinds, with ongoing optimization and new product offerings like Circasol-5100 and INNOVATE.