HF Sinclair Corp
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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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.
Jun 30, 2025 · Filed Jul 31, 2025
DINO$99.76+2.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of
CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Sales and other revenues (Note 3) | $6,784 | $7,846 | $13,154 | $14,873 |
| Operating costs and expenses: | ||||
| Cost of sales: (1) | ||||
| Cost of materials and other (2) | 5,440 | 6,751 | 10,916 | 12,677 |
| Lower of cost or market inventory valuation adjustments (Note 8) | 148 | (3) | 31 | (223) |
| Operating expenses | 572 | 591 | 1,168 | 1,199 |
| 6,160 | 7,339 | 12,115 | 13,653 | |
| Selling, general and administrative expenses (1) | 114 | 104 | 218 | 208 |
| Depreciation and amortization | 226 | 206 | 451 | 403 |
| Other operating expenses, net | 9 | — | 14 | — |
| Total operating costs and expenses | 6,509 | 7,649 | 12,798 | 14,264 |
| Income from operations | 275 | 197 | 356 | 609 |
| Other income (expense): | ||||
| Earnings of equity method investments | 10 | 8 | 21 | 15 |
| Interest income | 7 | 19 | 16 | 41 |
| Interest expense | (53) | (45) | (102) | (87) |
| Other income (expense), net (Note 4) | 7 | (1) | (46) | 2 |
| (29) | (19) | (111) | (29) | |
| Income before income taxes | 246 | 178 | 245 | 580 |
| Income tax expense (Note 10): | ||||
| Current | 32 | 28 | 32 | 99 |
| Deferred | 4 | (4) | 5 | 11 |
| 36 | 24 | 37 | 110 | |
| Net income | 210 | 154 | 208 | 470 |
| Less: net income attributable to noncontrolling interest | 2 | 2 | 4 | 4 |
| Net income attributable to HF Sinclair stockholders | $208 | $152 | $204 | $466 |
| Earnings per share attributable to HF Sinclair stockholders: | ||||
| Basic | $1.10 | $0.79 | $1.07 | $2.38 |
| Diluted | $1.10 | $0.79 | $1.07 | $2.38 |
| Average number of common shares outstanding (in thousands): | ||||
| Basic | 188,110 | 191,510 | 188,298 | 195,110 |
| Diluted | 188,110 | 191,510 | 188,298 | 195,110 |
(1)Exclusive of Depreciation and amortization.
(2)Exclusive of Lower of cost or market inventory valuation adjustments.
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