HF Sinclair Corporation ( (DINO) ) has released its Q1 earnings. Here is a breakdown of the information HF Sinclair Corporation presented to its investors.
HF Sinclair Corporation, based in Dallas, Texas, is an independent energy company engaged in the production and marketing of high-value light products, including gasoline, diesel fuel, jet fuel, renewable diesel, lubricants, and specialty products. The company operates refineries across several states and provides petroleum product and crude oil transportation, terminalling, storage, and throughput services. In its latest earnings report for the first quarter of 2025, HF Sinclair Corporation announced a net loss of $4 million, or $(0.02) per diluted share, compared to a net income of $315 million in the first quarter of 2024. The company reported an adjusted net loss of $50 million, or $(0.27) per diluted share, and an adjusted EBITDA of $201 million, reflecting a significant decrease from the previous year. Despite the losses, HF Sinclair’s Marketing, Midstream, and Lubricants & Specialties segments showed strong performance, with improvements in refining margins noted. The company’s refining segment faced challenges with a loss before interest and income taxes of $30 million, driven by lower adjusted refinery gross margins and reduced refined product sales volumes. The Renewables segment also reported a loss, impacted by lower sales volumes and legislative uncertainties affecting tax credits. However, the Marketing segment saw an increase in income before interest and income taxes to $20 million, supported by higher margins. Looking ahead, HF Sinclair remains focused on executing its strategic priorities to capture value across all business segments, with management expressing optimism about improving refining margins.