HF Sinclair Q4 EBITDA $564M, Net Income $221M After $249M Charges
HF Sinclair reported Q4 adjusted net income of $221 million ($1.20 per share) after $249 million of special items versus a $191 million adjusted loss last year, and recorded a GAAP net loss of $28 million ($0.16 per share). Adjusted EBITDA reached $564 million with RIN waivers contributing $313 million.
1. Q4 Financial Results
HF Sinclair posted a fourth-quarter adjusted net income of $221 million ($1.20 per share) after $249 million of special items, compared with a $191 million adjusted loss in Q4 2024, and reported a GAAP net loss of $28 million ($0.16 per share). Adjusted EBITDA for the quarter was $564 million, contributing to a full-year total of $2.3 billion.
2. RIN Waivers Impact
The company received EPA small refinery RIN waivers that added $313 million to Q4 adjusted refining margins and $485 million to full-year EBITDA, delivering approximately $280 million in incremental cash flow. Management said it will continue participating in the program but noted future benefits depend on EPA decisions outside its control.
3. Governance Update
Franklin Myers was named acting CEO after CEO Tim Go took a voluntary leave of absence, with the board indicating the audit committee is reviewing disclosure processes. Management confirmed confidence in the released financial statements and expects to complete its 10-K filing on schedule.