Record Quarter for Marketing Segment
The marketing segment delivered a record quarter with $27 million in EBITDA and the highest quarterly adjusted gross margin of 12 cents per gallon. The company expanded its branded supplied stores by a net of 37 sites, with over 170 additional sites targeted for year-end.
Midstream Segment Achievements
The midstream segment generated a record $119 million in adjusted EBITDA, benefiting from higher pipeline revenues. This reflects a strategic focus on optimizing the integrated value chain.
Strong Performance in Lubricants and Specialties
The lubricants and specialties segment reported $85 million in EBITDA, supported by product mix optimization efforts focused on high-margin specialty and finished products.
Successful Turnaround Execution
HF Sinclair completed planned turnaround work at its Tulsa refinery on schedule and on budget, which is now operating at planned rates.
Dividend Declaration
A regular quarterly dividend of 50 cents per share was declared, payable on June 3, 2025.