HF Sinclair Corp
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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 Income
(In millions, except share and per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Sales and other revenues (Note 4) | $26,869 | $28,580 | $31,964 |
| Operating costs and expenses: | |||
| Cost of sales: (1) | |||
| Cost of materials and other (2) | 21,760 | 24,582 | 25,784 |
| Lower of cost or market inventory valuation adjustments (Note 9) | 417 | (43) | 271 |
| Operating expenses | 2,391 | 2,484 | 2,438 |
| 24,568 | 27,023 | 28,493 | |
| Selling, general and administrative expenses (1) | 456 | 447 | 497 |
| Depreciation and amortization | 909 | 832 | 771 |
| Other operating expenses, net | 9 | 17 | — |
| Total operating costs and expenses | 25,942 | 28,319 | 29,761 |
| Income from operations | 927 | 261 | 2,203 |
| Other income (expense): | |||
| Earnings of equity method investments | 33 | 32 | 17 |
| Interest income | 42 | 75 | 94 |
| Interest expense | (217) | (165) | (191) |
| Other income (expense), net (Note 5) | (53) | 15 | 30 |
| (195) | (43) | (50) | |
| Income before income taxes | 732 | 218 | 2,153 |
| Income tax expense (benefit) (Note 15): | |||
| Current | 139 | 83 | 249 |
| Deferred | 7 | (49) | 193 |
| 146 | 34 | 442 | |
| Net income | 586 | 184 | 1,711 |
| Less: net income attributable to noncontrolling interest | 7 | 7 | 121 |
| Net income attributable to HF Sinclair stockholders | $579 | $177 | $1,590 |
| Earnings per share attributable to HF Sinclair stockholders: | |||
| Basic | $3.08 | $0.91 | $8.29 |
| Diluted | $3.08 | $0.91 | $8.29 |
| Average number of common shares outstanding (in thousands): | |||
| Basic | 186,465 | 192,073 | 190,035 |
| Diluted | 186,465 | 192,073 | 190,035 |
(2)Exclusive of Lower of cost or market inventory valuation adjustments.
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