HF Sinclair Corp income statement
In fiscal 2025, HF Sinclair Corp reported revenue of $26.87bn, down 6.0% on the year before, operating income of $927m (a 3.5% margin) and net income of $579m, or $3.08 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 11.2 | 18.4 | 38.2 | 32.0 | 28.6 | 26.9 | 34.8 |
| Cost of revenue | 9.2 | 15.6 | 30.7 | 25.8 | — | — | — |
| Gross profit | 2.0 | 2.8 | 7.5 | 6.2 | — | — | — |
| Selling, general and administrative | 0.3 | 0.4 | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 |
| Operating income | −0.7 | 0.7 | 4.1 | 2.2 | 0.3 | 0.9 | 4.7 |
| Interest expense | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Income before tax | −0.7 | 0.8 | 3.9 | 2.2 | 0.2 | 0.7 | 4.6 |
| Income tax | −0.2 | 0.1 | 0.9 | 0.4 | 0.0 | 0.1 | 1.1 |
| Net income | −0.6 | 0.6 | 2.9 | 1.6 | 0.2 | 0.6 | 3.5 |
| Diluted EPS | −$3.72 | $3.39 | $14.28 | $8.29 | $0.91 | $3.08 | $19.63 |
| Diluted shares (average) | 162m | 163m | 203m | 190m | 192m | 186m | 180m |
| EBITDA | −0.2 | 1.3 | 4.7 | 3.0 | 1.1 | 1.8 | 5.7 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.5 | 6.4 | 6.8 | 7.3 | 6.5 | 7.1 | 10.4 | 10.9 |
| Selling, general and administrative | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Operating income | −0.2 | 0.1 | 0.3 | 0.6 | 0.0 | 0.8 | 1.2 | 2.7 |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 |
| Income before tax | −0.2 | −0.0 | 0.2 | 0.5 | −0.0 | 0.8 | 1.2 | 2.6 |
| Income tax | −0.0 | 0.0 | 0.0 | 0.1 | −0.0 | 0.2 | 0.3 | 0.6 |
| Net income | −0.2 | −0.0 | 0.2 | 0.4 | −0.0 | 0.6 | 0.9 | 2.0 |
| Diluted EPS | −$1.10 | −$0.02 | $1.10 | $2.15 | −$0.13 | $3.56 | $4.93 | $11.38 |
| EBITDA | −0.0 | 0.3 | 0.5 | 0.8 | 0.2 | 1.1 | 1.4 | 3.0 |
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