HF Sinclair Corporation operates as a prominent independent energy enterprise, engaged in the production and commercialization of a diverse array of petroleum ...
HF Sinclair Corporation, headquartered in Dallas, Texas, is a prominent independent energy enterprise formed in 2021 through the merger of HollyFrontier Corporation and Sinclair Oil Corporation. The company operates in the downstream petroleum sector, focusing on refining, marketing, and renewables. Its business segments include refining, which processes crude oil into ...HF Sinclair Corporation, headquartered in Dallas, Texas, is a prominent independent energy enterprise formed in 2021 through the merger of HollyFrontier Corporation and Sinclair Oil Corporation. The company operates in the downstream petroleum sector, focusing on refining, marketing, and renewables. Its business segments include refining, which processes crude oil into high-value light products; marketing, which distributes fuels and lubricants; and renewables, which produces renewable diesel and other sustainable fuels. HF Sinclair's refineries are strategically located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming, allowing efficient distribution across the Southwestern U.S., Rocky Mountain region, Pacific Northwest, and Plains states. The company also owns a network of pipelines, terminals, and storage facilities, providing critical logistics for crude oil and petroleum products. With over 5,000 employees, HF Sinclair exports products to more than 80 countries. Financially, the company has demonstrated strong performance, with a market cap of approximately $14.5 billion, a price-to-earnings ratio of 7.73, and a dividend yield of 2.5%. Its return on equity is around 19.9%, and it maintains a healthy balance sheet with a debt-to-equity ratio of 0.278. Key leadership includes CEO and President Franklin Myers, who took office in February 2026. The company is committed to ethical behavior, safety, and environmental stewardship, as reflected in its values and community engagement. HF Sinclair also emphasizes innovation in renewable fuels, positioning itself for the energy transition while maintaining a strong conventional fuel portfolio.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$26.9B
-6.0%
+45.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$579.0M
+227.1%
+37.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+5.2%
-53.9%
-9.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+3.5%
+281.5%
-8.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+2.2%
+247.9%
-5.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$866.0M
+35.3%
+292.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+3.2%
+43.9%
+168.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
35.2%
+5.4%
-17.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.94x
+17.5%
+9.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : [Audio Gap] China withdrew from buying crude and typical size at the beginning of the Mideast conflict. The reduced consumption has led to stabilized prices in crude and China has also suspended exporting products. If they reverse these decisions, products exported from China will certainly impact the products market. But [indiscernible] the coal mine to watch it be the Singapore crack spreads, they tend to react first with China increasing exports. Otherwise, we see markets being constructive for the next several quarters, potentially into 2028. These events have had similar, if not more dire effects on the lube-based oil markets as much as 20% of the world's based oil supply for lubes being off-line, which brings me to our lubes business. It has been an important and meaningful contributor to the success of Sinclair. But today, we announced plans to pursue a separation of the segment through the capital markets, creating a new independent public company. We believe these 2 companies will benefit from enhanced strategic focus and operational agility, greater alignment of capital deployment within each specific growth priorities, increase ability to pursue strategic transactions independently without competing for resources within a broader portfolio, distinct and compelling investment profiles aligned with different investor bases and dedicated leadership teams and government structures with continued focus on driving performance. We intend that the separation will be a tax efficient for HF Sinclair and our stockholders and will be executed over the next 12 to 18 months. Our announcement provides 3 important messages. First, that the base oil refining assets in Mississauga will be retired. The team there has done an excellent and outstanding job operating the assets throughout the years but a combination of location, size and scope of the assets have reached a point that their long-term economic contributions to the business causes us to make this very difficult decision to retire the assets. Second, with the retirement, our finished product business will mean base oils to continue the successful efforts in their market. The business will continue to deliver base oil solutions through new strategic commercial agreements with 2 premier global base oil manufacturers, complemented by continued access to products from our Tulsa refinery. Finally, as a potential separate organization under Matt Joyce's leadership, an independent business -- an independent lubes business will operate in a capital-light business model for greater financial flexibility and stronger, more consistent free cash flow while leveraging its core strength in technology globally recognized brands and extensive channels to market. We are early in the separation process, and we'll provide additional information as appropriate. Finally, it would be natural to ask about our company's plans for [indiscernible] excess cash. We are mindful of our past indications for …
