Strong Shareholder Returns
Returned $145 million to stockholders through dividends and share repurchases during the quarter. Since the Sinclair acquisition in March 2022, over $4.2 billion has been returned to shareholders, reducing share count by over 58 million shares.
Refining Segment Performance
Refining segment reported a second quarter adjusted EBITDA of $476 million, a significant increase from $187 million in the second quarter of 2024, driven by higher adjusted refinery gross margins.
Marketing Segment Growth
The Marketing segment delivered $25 million in EBITDA and achieved a gross margin of $0.10 per gallon. The segment grew its branded supplied stores by a net of 55 sites during the quarter.
Midstream Segment Success
Midstream segment reported $112 million in adjusted EBITDA, benefiting from higher pipeline revenues and lower operating costs.
Financial Growth
Second quarter net income attributable to HF Sinclair shareholders was $208 million, or $1.10 per diluted share. Adjusted net income was $322 million, or $1.70 per diluted share, compared to $150 million, or $0.78 per diluted share for the same period in 2024.