HF Sinclair Corp
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
DINO$98.76-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations (Unaudited)
CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Sales and other revenues (Note 3) | $7,207,140 | $8,905,471 | $22,080,116 | $24,304,259 |
| Operating costs and expenses: | ||||
| Cost of sales: (1) | ||||
| Cost of materials and other (2) | 6,158,294 | 6,935,650 | 18,835,319 | 19,313,312 |
| Lower of cost or market inventory valuation adjustments (Note 7) | 202,307 | (43,848) | (20,186) | (4,114) |
| Operating expenses | 629,573 | 622,532 | 1,828,002 | 1,808,715 |
| 6,990,174 | 7,514,334 | 20,643,135 | 21,117,913 | |
| Selling, general and administrative expenses (1) | 118,014 | 124,213 | 326,246 | 347,514 |
| Depreciation and amortization | 209,716 | 195,562 | 613,765 | 558,905 |
| Asset impairments | 9,984 | — | 9,984 | — |
| Total operating costs and expenses | 7,327,888 | 7,834,109 | 21,593,130 | 22,024,332 |
| Income (loss) from operations | (120,748) | 1,071,362 | 486,986 | 2,279,927 |
| Other income (expense): | ||||
| Earnings of equity method investments | 8,151 | 3,009 | 23,612 | 10,436 |
| Interest income | 18,309 | 24,577 | 58,983 | 62,103 |
| Interest expense | (40,396) | (48,686) | (126,536) | (141,490) |
| Gain on foreign currency transactions | 1,401 | 860 | 1,475 | 2,478 |
| Gain on sale of assets and other | 1,936 | 8,954 | 3,691 | 11,737 |
| (10,599) | (11,286) | (38,775) | (54,736) | |
| Income (loss) before income taxes: | (131,347) | 1,060,076 | 448,211 | 2,225,191 |
| Income tax expense (benefit) (Note 10): | ||||
| Current | 7,662 | 208,265 | 106,533 | 393,089 |
| Deferred | (64,928) | 26,750 | (54,343) | 87,551 |
| (57,266) | 235,015 | 52,190 | 480,640 | |
| Net income (loss) | (74,081) | 825,061 | 396,021 | 1,744,551 |
| Less: net income attributable to noncontrolling interest | 1,863 | 34,139 | 5,513 | 92,702 |
| Net income (loss) attributable to HF Sinclair stockholders | $(75,944) | $790,922 | $390,508 | $1,651,849 |
| Earnings (loss) per share attributable to HF Sinclair stockholders: | ||||
| Basic | $(0.40) | $4.23 | $2.01 | $8.57 |
| Diluted | $(0.40) | $4.23 | $2.01 | $8.57 |
| Average number of common shares outstanding: | ||||
| Basic | 189,840 | 185,456 | 193,341 | 191,047 |
| Diluted | 189,840 | 185,456 | 193,341 | 191,047 |
(2)Exclusive of Lower of cost or market inventory valuation adjustments.
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