HF Sinclair Q2: $208mln net income, $322mln adj. net income, $516mln EBITDA, $665mln adj. EBITDA.

• HF Sinclair reports Q2 2025 net income of $208m, or $1.10 per share • Adjusted net income of $322m, or $1.70 per share • EBITDA of $516m, adjusted EBITDA of $665m • Returned $145m to stockholders through dividends and share repurchases • Announced regular quarterly dividend of $0.50 per share

Title: HF Sinclair Reports Strong Q2 2025 Financial Results

HF Sinclair Corporation (DINO.N) has announced its second-quarter 2025 financial results, with net income of $208 million, or $1.10 per diluted share, and adjusted net income of $322 million, or $1.70 per diluted share. The company reported EBITDA of $516 million and adjusted EBITDA of $665 million, indicating a robust performance driven by higher refining margins.

HF Sinclair's strong performance was driven by higher adjusted refinery gross margins, which increased by 46% to $16.50 per produced barrel sold compared to $11.33 in the same quarter last year. This improvement boosted adjusted net income to $322 million, more than doubling from $150 million in the second quarter of 2024 [2].

The company's revenue declined by 14% year-over-year (YoY) to $6.78 billion, primarily due to turnaround activities at its Tulsa and Parco refineries. Despite this, the company returned $145 million to stockholders through dividends and share repurchases during the quarter. HF Sinclair's board declared a regular quarterly dividend of $0.50 per share, payable on September 4, 2025 [3].

HF Sinclair's Chief Executive Officer, Tim Go, commented on the company's progress: "During the second quarter of 2025, we made strong progress on our key priorities to improve reliability, optimization and integration. I’m pleased to report we delivered sequential improvements over the last three quarters in refining throughput, capture and lower operating costs – allowing us to return $145 million to stockholders through dividend and share repurchases in the current period" [3].

The company's net cash provided by operations totaled $587 million for the second quarter of 2025, and its cash and cash equivalents increased to $874 million at June 30, 2025, from $800 million at December 31, 2024. The company's consolidated debt stood at $2,677 million at June 30, 2025 [3].

HF Sinclair's refining segment income before interest and income taxes was $166 million for the second quarter of 2025 compared to $65 million for the same period in 2024. Excluding certain adjustments, the segment reported adjusted EBITDA of $476 million for the second quarter of 2025 compared to $187 million in the same period in 2024 [3].

The company's renewables segment reported a loss of $4 million for the second quarter of 2025 compared to a loss of $15 million in the same period in 2024. The segment reported adjusted EBITDA of $(2) million for the second quarter of 2025 compared to $2 million in the same period in 2024 [3].

HF Sinclair's marketing segment income before interest and income taxes was $18 million for the second quarter of 2025 compared to $9 million in the same period in 2024. The segment reported EBITDA of $25 million for the second quarter of 2025 compared to $15 million in the same period in 2024 [3].

The lubricants & specialties segment income before interest and income taxes was $33 million for the second quarter of 2025 compared to $74 million in the same period in 2024. The segment reported EBITDA of $55 million for the second quarter of 2025 compared to $97 million in the same period in 2024 [3].

HF Sinclair's midstream segment income before interest and income taxes was $98 million for the second quarter of 2025 compared to $97 million in the same period in 2024. Excluding certain items, the segment reported adjusted EBITDA of $112 million for the second quarter of 2025 compared to $110 million in the same period in 2024 [3].

HF Sinclair's stock was unchanged in after-hours trading following the release of the earnings report [2].

References:
[1] https://www.reuters.com/sustainability/sustainable-finance-reporting/hf-sinclair-beats-second-quarter-profit-estimates-higher-refining-margins-2025-07-31/
[2] https://www.investing.com/news/earnings/hf-sinclair-beats-q2-earnings-expectations-on-higher-refining-margins-93CH-4162339
[3] https://markets.ft.com/data/announce/detail?dockey=600-202507310630BIZWIRE_USPRX____20250731_BW548438-1