Record EBITDA in Marketing and Midstream
The Marketing segment delivered a record annual EBITDA of $75 million, a 23% increase over 2023. The Midstream segment reported record annual adjusted EBITDA of $447 million, up 14% year-over-year.
Significant Reduction in Operating Expenses
In refining, annual adjusted operating expenses were lowered to $7.98 per throughput barrel, a reduction of $0.37 per barrel year-over-year. Renewables achieved a 24% year-over-year reduction in annual operating expenses per gallon.
Strong Shareholder Returns
Returned over $1 billion to shareholders in 2024 through dividends and share repurchases. Reduced share count by over 57 million shares, representing 71% of the shares issued for both the Sinclair and HEP transactions.
Improved Safety Performance
Achieved best-ever results for personal safety in 2024, beating the previous record by over 40%.