DINO on NYSE

HF Sinclair

American energy company

HF Sinclair Corporation (HF Sinclair) is an American energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among others. It is based in Dallas, Texas, United States. The company operates seven complex oil refineries with a total crude oil processing capacity of 678,000 barrels per stream day.³ Its revenue was $38.2 billion in 2022.¹ Its shares trade on NYSE under the symbol DINO.¹ Wikipedia text CC BY-SA 4.0

$125.54 up 0.84 (0.67%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

1947Founded¹

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TickerDINO on NYSE¹
Industrypetroleum industry¹
HeadquartersDallas¹
Websitewww.hollyfrontier.com
Legal formDelaware corporation¹
Incorporated inDE⁶
Business address2323 Victory Avenue, Suite 1400, Dallas, Tx 75219⁶
Filer categoryLarge accelerated filer⁶
LEI549300J3U2WK73C9ZK26⁴
StatusActive⁴
LEI statusLapsed (not renewed)⁴
Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States⁴
Registered withDivision of Corporations, Department of State, 410607⁴

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.5%Operating margin⁹

2.2%Net margin⁹

-6.0%Revenue growth, 2025⁹

6.3%Return on equity⁹

0.30×Debt to equity⁹

$866.0MFree cash flow⁹

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Transportation Fuels brought in 77% of the revenue HF Sinclair broke down this way in fiscal 2025.

Transportation Fuels$20.9B⁹77%
Lubricants and Specialty Products$2.3B⁹8%
Asphalt, Fuel Oil And Other Products$1.4B⁹5%
Crude Oil$1.3B⁹5%
Product and Service, Other$746.0M⁹3%
Renewable Identification Numbers (RINs)$430.0M⁹2%
Transportation And Logistic Services$121.0M⁹0%

Products and services by year

Products and services	2023	2025
Transportation Fuels	$24.6B	$20.9B
Lubricants and Specialty Products	$2.5B	$2.3B
Asphalt, Fuel Oil And Other Products	$2.2B	$1.4B
Crude Oil	$2.1B	$1.3B
Product and Service, Other	$429.0M	$746.0M
Renewable Identification Numbers (RINs)		$430.0M
Transportation And Logistic Services	$118.0M	$121.0M

Business segments

Refining brought in 79% of the revenue HF Sinclair broke down this way in fiscal 2025.

Refining$23.8B⁹79%down 6% from 2024
Marketing$3.1B⁹10%down 8% from 2024
Lubricants And Specialties$2.5B⁹8%down 7% from 2024
Renewables$551.0M⁹2%down 14% from 2024
Midstream$121.0M⁹0%up 13% from 2024

Business segments by year

Business segments	2023	2024	2025
Refining	$28.7B	$25.3B	$23.8B
Marketing	$4.1B	$3.4B	$3.1B
Lubricants And Specialties	$2.8B	$2.7B	$2.5B
Renewables	$781.0M	$644.0M	$551.0M
Midstream	$118.0M	$107.0M	$121.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costs

Selling, general and admin2¢$456.0M
Other costs96¢$25.7B
Income tax1¢$146.0M
Profit2¢$579.0M

Out of $26.9B in revenue.⁹

Where each dollar of operating cash went, fiscal 2025

Capital spendingDividends paidShare buybacks

Capital spending34¢$449.0M
Dividends paid29¢$376.0M
Share buybacks27¢$354.0M
Kept or used elsewhere10¢$136.0M

Out of $1.3B of cash from operations.⁹

Financial statements

Revenue¹⁰¹¹¹²⁹$26.9B in 2025+140% since 2020

Operating income¹⁰¹¹¹²⁹$927.0M in 2025

Net income¹⁰¹¹¹²⁹$579.0M in 2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Sales and other revenues (Note 4)	$26.9B	$28.6B	$32.0B
Cost of materials and other	$21.8B	$24.6B	$25.8B
Lower of cost or market inventory valuation adjustments	$417.0M	-$43.0M	$271.0M
Operating expenses	$2.4B	$2.5B	$2.4B
Total cost of sales	$24.6B	$27.0B	$28.5B
Selling, general and administrative expenses	$456.0M	$447.0M	$497.0M
Depreciation and amortization	$909.0M	$832.0M	$771.0M
Other operating expenses, net	$9.0M	$17.0M	$0
Total operating costs and expenses	$25.9B	$28.3B	$29.8B
Income from operations	$927.0M	$261.0M	$2.2B
Earnings of equity method investments	$33.0M	$32.0M	$17.0M
Interest income	$42.0M	$75.0M	$94.0M
Interest expense	-$217.0M	-$165.0M	-$191.0M
Other income (expense), net (Note 5)	-$53.0M	$15.0M	$30.0M
Total other income (expense)	-$195.0M	-$43.0M	-$50.0M
Income before income taxes	$732.0M	$218.0M	$2.2B
Current	$139.0M	$83.0M	$249.0M
Deferred	$7.0M	-$49.0M	$193.0M
Total income tax expense	$146.0M	$34.0M	$442.0M
Net income	$586.0M	$184.0M	$1.7B
Less: net income attributable to noncontrolling interest	$7.0M	$7.0M	$121.0M
Net income attributable to HF Sinclair stockholders	$579.0M	$177.0M	$1.6B
Basic (in USD per share)	$3.08	$0.91	$8.29
Diluted (in USD per share)	$3.08	$0.91	$8.29
Basic (in shares)	186.5M shares	192.1M shares	190.0M shares
Diluted (in shares)	186.5M shares	192.1M shares	190.0M shares

Total assets¹⁰¹⁵¹²⁹$16.5B in 2025+28% since 2021

Total liabilities¹²⁹$7.3B in 2025−3% since 2023

Shareholders’ equity¹⁰¹⁵¹²⁹$9.2B in 2025+41% since 2019

Cash¹⁰¹⁵¹²⁹$978.0M in 2025+10% since 2019

Long-term debt¹⁰¹⁵¹²⁹$2.8B in 2025−10% since 2021

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$978.0M	$800.0M
Accounts receivable, net: Product and transportation	$1.0B	$1.1B
Crude oil resales	$103.0M	$177.0M
Total Accounts Receivable, net	$1.1B	$1.3B
Inventories: Crude oil and refined products (Note 9)	$2.2B	$2.5B
Materials, supplies and other	$359.0M	$303.0M
Total inventories	$2.6B	$2.8B
Income taxes receivable (Note 15)	$47.0M	$70.0M
Prepayments and other	$78.0M	$95.0M
Total current assets	$4.8B	$5.0B
Properties, plants and equipment, at cost (Note 10)	$11.4B	$10.9B
Less: accumulated depreciation	-$4.9B	-$4.4B
Properties, plants and equipment, net	$6.5B	$6.6B
Operating lease right-of-use assets (Note 2)	$349.0M	$355.0M
Other assets: Turnaround costs	$883.0M	$777.0M
Goodwill (Note 11)	$3.0B	$3.0B	$3.0B
Intangibles and other (Note 11)	$955.0M	$962.0M
Total other assets	$4.8B	$4.7B
Total assets	$16.5B	$16.6B
Accounts payable	$1.9B	$2.2B
Income taxes payable (Note 15)	$5.0M	$3.0M
Operating lease liabilities (Note 2)	$85.0M	$77.0M
Current debt (Note 13)	$0	$350.0M
Accrued liabilities (Note 12)	$493.0M	$377.0M
Total current liabilities	$2.5B	$3.0B
Long-term debt (Note 13)	$2.8B	$2.3B
Noncurrent operating lease liabilities (Note 2)	$289.0M	$301.0M
Deferred income taxes (Note 15)	$1.2B	$1.2B
Other long-term liabilities (Note 12)	$478.0M	$441.0M
Total liabilities	$7.3B	$7.3B
Preferred stock, $1.00 par value 5,000,000 shares authorized; none issued	$0	$0
Common stock, $0.01 par value 320,000,000 shares authorized; 223,231,546 shares issued as of December 31, 2025 and December 31, 2024	$2.0M	$2.0M
Additional capital	$6.0B	$6.0B
Retained earnings	$5.4B	$5.2B
Accumulated other comprehensive loss (Note 17)	-$26.0M	-$47.0M
Common stock held in treasury, at cost - 41,443,642 and 34,826,009 shares as of December 31, 2025 and December 31, 2024	-$2.2B	-$1.8B
Total HF Sinclair stockholders equity	$9.2B	$9.3B
Noncontrolling interest	$65.0M	$68.0M
Total equity	$9.2B	$9.3B	$10.2B	$10.0B
Total liabilities and equity	$16.5B	$16.6B
Preferred stock par value (in USD per share)	$1.00	$1.00
Preferred stock, shares authorized (in shares)	5.0M shares	5.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Common stock, par value (in USD per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	320.0M shares	320.0M shares
Common stock, shares issued (in shares)	223.2M shares	223.2M shares
Common stock held in treasury (in shares)	41.4M shares	34.8M shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	$978.0M	$800.0M
Accounts receivable, net: Product and transportation	$1.0B	$1.1B
Crude oil resales	$103.0M	$177.0M
Total Accounts Receivable, net	$1.1B	$1.3B
Inventories: Crude oil and refined products (Note 9)	$2.2B	$2.5B
Materials, supplies and other	$359.0M	$303.0M
Total inventories	$2.6B	$2.8B
Income taxes receivable (Note 15)	$47.0M	$70.0M
Prepayments and other	$78.0M	$95.0M
Total current assets	$4.8B	$5.0B
Properties, plants and equipment, at cost (Note 10)	$11.4B	$10.9B
Less: accumulated depreciation	-$4.9B	-$4.4B
Properties, plants and equipment, net	$6.5B	$6.6B
Operating lease right-of-use assets (Note 2)	$349.0M	$355.0M
Other assets: Turnaround costs	$883.0M	$777.0M
Goodwill (Note 11)	$3.0B	$3.0B	$3.0B
Intangibles and other (Note 11)	$955.0M	$962.0M
Total other assets	$4.8B	$4.7B
Total assets	$16.5B	$16.6B
Accounts payable	$1.9B	$2.2B
Income taxes payable (Note 15)	$5.0M	$3.0M
Operating lease liabilities (Note 2)	$85.0M	$77.0M
Current debt (Note 13)	$0	$350.0M
Accrued liabilities (Note 12)	$493.0M	$377.0M
Total current liabilities	$2.5B	$3.0B
Long-term debt (Note 13)	$2.8B	$2.3B
Noncurrent operating lease liabilities (Note 2)	$289.0M	$301.0M
Deferred income taxes (Note 15)	$1.2B	$1.2B
Other long-term liabilities (Note 12)	$478.0M	$441.0M
Total liabilities	$7.3B	$7.3B
Preferred stock, $1.00 par value 5,000,000 shares authorized; none issued	$0	$0
Common stock, $0.01 par value 320,000,000 shares authorized; 223,231,546 shares issued as of December 31, 2025 and December 31, 2024	$2.0M	$2.0M
Additional capital	$6.0B	$6.0B
Retained earnings	$5.4B	$5.2B
Accumulated other comprehensive loss (Note 17)	-$26.0M	-$47.0M
Common stock held in treasury, at cost - 41,443,642 and 34,826,009 shares as of December 31, 2025 and December 31, 2024	-$2.2B	-$1.8B
Total HF Sinclair stockholders equity	$9.2B	$9.3B
Noncontrolling interest	$65.0M	$68.0M
Total equity	$9.2B	$9.3B	$10.2B	$10.0B
Total liabilities and equity	$16.5B	$16.6B
Preferred stock par value (in USD per share)	$1.00	$1.00
Preferred stock, shares authorized (in shares)	5.0M shares	5.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Common stock, par value (in USD per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	320.0M shares	320.0M shares
Common stock, shares issued (in shares)	223.2M shares	223.2M shares
Common stock held in treasury (in shares)	41.4M shares	34.8M shares

Cash from operations¹⁰¹¹¹²⁹$1.3B in 2025+187% since 2020

Capital spending¹⁰¹¹¹²⁹$449.0M in 2025+66% since 2020

Free cash flow¹⁰¹¹¹²⁹$866.0M in 2025+363% since 2020

Dividends paid¹⁰¹¹¹²⁹$376.0M in 2025+64% since 2020

Share buybacks¹⁰¹¹¹²⁹$354.0M in 2025+4532% since 2020

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income	$586.0M	$184.0M	$1.7B
Depreciation and amortization	$909.0M	$832.0M	$771.0M
Asset impairments	$3.0M	$17.0M	$0
Lower of cost or market inventory valuation adjustments	$417.0M	-$43.0M	$271.0M
Earnings of equity method investments, net of distributions	-$1.0M	$1.0M	$8.0M
Loss on early extinguishment of debt	$24.0M	$0	$0
Gain on sale of assets	-$2.0M	-$2.0M	-$7.0M
Loss on sale of equity method investment	$47.0M	$0	$0
Deferred income tax expense (benefit)	$7.0M	-$49.0M	$193.0M
Equity-based compensation expense	$33.0M	$23.0M	$41.0M
Change in fair value of derivative instruments	$64.0M	-$34.0M	$17.0M
Accounts receivable	$123.0M	$463.0M	-$17.0M
Inventories	-$171.0M	$138.0M	$30.0M
Income taxes receivable	$24.0M	-$14.0M	-$3.0M
Prepayments and other	$2.0M	$11.0M	$8.0M
Accounts payable	-$345.0M	$25.0M	-$109.0M
Income taxes payable	$2.0M	-$6.0M	$1.0M
Accrued liabilities	$62.0M	-$63.0M	-$30.0M
Turnaround expenditures	-$437.0M	-$413.0M	-$556.0M
Other, net	-$32.0M	$40.0M	-$32.0M
Net cash provided by operating activities	$1.3B	$1.1B	$2.3B
Additions to properties, plants and equipment	-$449.0M	-$470.0M	-$385.0M
Purchase of precious metals	-$72.0M	$0	$0
Proceeds from sale of assets	$6.0M	$4.0M	$17.0M
Other, net	-$1.0M	-$2.0M	-$3.0M
Net cash used for investing activities	-$516.0M	-$468.0M	-$371.0M
Borrowings under credit agreements	$0	$0	$60.0M
Repayments under credit agreements	-$350.0M	-$106.0M	-$273.0M
Proceeds from issuance of senior notes	$1.9B	$0	$0
Redemption of senior notes	-$1.4B	$0	-$308.0M
Purchase of treasury stock, inclusive of excise tax	-$354.0M	-$672.0M	-$999.0M
Dividends	-$376.0M	-$386.0M	-$341.0M
Distributions to noncontrolling interest	-$10.0M	-$7.0M	-$102.0M
Proceeds from financing arrangements	$133.0M	$0	$0
Payments on financing arrangements	-$109.0M	$0	$0
Payments on finance leases	-$11.0M	-$11.0M	-$12.0M
HEP Merger Transaction consideration	$0	$0	-$268.0M
Deferred financing costs	-$25.0M	$0	-$1.0M
Other, net	-$3.0M	$0	$0
Net cash used for financing activities	-$631.0M	-$1.2B	-$2.2B
Effect of exchange rate on cash flow	$10.0M	-$14.0M	$7.0M
Net change for the period	$178.0M	-$554.0M	-$311.0M
Cash paid for interest	-$139.0M	-$164.0M	-$203.0M
Increase (decrease) in accrued and unpaid capital expenditures	$16.0M	-$1.0M	-$6.0M

Compare HF Sinclair with another company

Corporate structure

HF Sinclair sits at the top of its group. 112 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of HF Sinclair

DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on HF Sinclair, latest Oct 8, 2026 (2 filings since Apr 9, 2026)
REH Advisors Inc. Filed SCHEDULE 13D/A on HF Sinclair, latest Aug 4, 2026 (5 filings since Sep 18, 2025)
VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G/A on HF Sinclair, latest Jul 31, 2026 (2 filings since Apr 29, 2026)
VANGUARD GROUP INC Filed SCHEDULE 13G/A on HF Sinclair, latest Mar 27, 2026 (5 filings since Feb 9, 2023)
BlackRock Filed SCHEDULE 13G/A on HF Sinclair, latest Apr 3, 2025 (3 filings since Feb 3, 2023)
Capital World Investors Filed SC 13G/A on HF Sinclair, latest Nov 13, 2024 (2 filings since Feb 9, 2024)
REH Co Filed SC 13D/A on HF Sinclair, latest Jun 14, 2024 (24 filings since Mar 24, 2022)

HF Sinclair Dallas, Texas, United States
- HOLLY ENERGY PARTNERS LP Stake · Dallas, Texas, United States
- 7037619 Canada Inc. Subsidiary · Canada
- Artesia PTU LLC Subsidiary · Delaware, United States
- Artesia Renewable Diesel Company LLC Subsidiary · Delaware, United States
- Black Eagle LLC Subsidiary · Delaware, United States
- Cheyenne Logistics LLC Subsidiary · Delaware, United States
- Cheyenne Renewable Diesel Company LLC Subsidiary · Delaware, United States
- Cushing Connect Pipeline & Terminal LLC (joint venture) Subsidiary · Delaware, United States
- Cushing Connect Pipeline Holdings LLC (joint venture subsidiary) Subsidiary · Delaware, United States
- Cushing Connect Terminal Holdings LLC (joint venture subsidiary) Subsidiary · Delaware, United States
- Eagle Consolidation LLC Subsidiary · Delaware, United States
- EDR Realty LLC Subsidiary · Delaware, United States
- El Dorado Logistics LLC Subsidiary · Delaware, United States
- El Dorado Osage LLC Subsidiary · Delaware, United States
- El Paso Operating LLC Subsidiary · Delaware, United States
- Ethanol Management Company LLC Subsidiary · Delaware, United States
- Frontier Aspen LLC (f/k/a HEP Casper SLC LLC) Subsidiary · Delaware, United States
- Frontier Pipeline LLC Subsidiary · Delaware, United States
- Frontier Refining & Marketing LLC Subsidiary · Delaware, United States
- Green Trail Fuels, LLC (joint venture) Subsidiary · Delaware, United States
- HEP Cheyenne LLC Subsidiary · Delaware, United States
- HEP Cushing LLC (f/k/a HEP Cheyenne Shortline LLC) Subsidiary · Delaware, United States
- HEP El Dorado LLC Subsidiary · Delaware, United States
- HEP Fin-Tex/Trust-River, L.P. Subsidiary · Texas, United States
- HEP Logistics GP, L.L.C Subsidiary · Delaware, United States
- and 86 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What HF Sinclair reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Finance-lease assets	$83.0M⁹ Dec 31, 2025	$78.0M⁹ Dec 31, 2024	+6.4%
Operating-lease assets (leased space)	$349.0M⁹ Dec 31, 2025	$355.0M⁹ Dec 31, 2024	−1.7%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$978.0M⁹ Dec 31, 2025	$800.0M⁹ Dec 31, 2024	+22.2%
Stakes in other companies (equity method)	$226.0M⁹ Dec 31, 2025	$265.0M⁹ Dec 31, 2024	−14.7%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$3.0B⁹ Dec 31, 2025	$3.0B⁹ Dec 31, 2024	0%
Intangible assets, net (excluding goodwill)	$301.0M⁹ Dec 31, 2025	$351.0M⁹ Dec 31, 2024	−14.2%
Accumulated amortization	$370.0M⁹ Dec 31, 2025	$311.0M⁹ Dec 31, 2024	+19.0%
Finite-lived intangibles, net	$301.0M⁹ Dec 31, 2025	$351.0M¹² Dec 31, 2024	−14.2%

Inventory

Item	Latest	A year before	Change
Inventory, total	$2.6B⁹ Dec 31, 2025	$2.8B⁹ Dec 31, 2024	−8.0%
Raw materials	$874.0M⁹ Dec 31, 2025	$799.0M⁹ Dec 31, 2024	+9.4%
Finished goods	$1.3B⁹ Dec 31, 2025	$1.3B⁹ Dec 31, 2024	+0.6%
Supplies	$305.0M⁹ Dec 31, 2025	$260.0M⁹ Dec 31, 2024	+17.3%

The story

General Appliance Corporation incorporated in 1947 and changed its name to Holly Corporation in 1952.

In 2003, Frontier Oil agreed to acquire Holly but Holly later cancelled the merger, leading to litigation.

In 2009, Holly Corporation acquired 2 refineries in Tulsa, Oklahoma: one from Sinclair Oil Corporation for $128 million and one from Sunoco.

In July 2011, Holly Corporation and Frontier Oil merged forming HollyFrontier Corporation.

In February 2017, the company acquired Suncor Energy's Petro-Canada Lubricants unit in Mississauga, Ontario, Canada for C$1.125 billion.

In early 2019, HollyFrontier acquired Sonneborn, a manufacturer of food grade white mineral oils and waxes in Petrolia, Pennsylvania, for $655 million.

In June 2020, HollyFrontier announced its Cheyenne refinery will cease processing petroleum, instead shifting production solely to renewable fuel, with the loss of approximately 200 workers.

In May 2021, HollyFrontier agreed to purchase the Shell Anacortes Refinery near Anacortes, Washington, with capacity of 149,000 bbl/d, for $350 million.

Read the full text

In August 2021, HollyFrontier agreed to purchase the assets of Sinclair Oil Corporation, including its two refineries near Casper, Wyoming, and Sinclair, Wyoming, for $2.6 billion. The succeeding company, HF Sinclair Corporation, finalized the merger in December 2023.

In March 14, 2022, HollyFrontier and Holly Energy Partners announced the completion of transactions with The Sinclair Companies and the establishment of the new parent company, HF Sinclair Corporation (NYSE:DINO).

In July 2022, HF Sinclair announced the layoff of approximately 87 people in the Sinclair, Wyoming refinery.

In December 2023, HF Sinclair Corporation announced the complete acquisition of Holly Energy Partners for a combination of HF Sinclair common stock and cash. As a result of the transaction, HEP Common Units will no longer be listed on the New York Stock Exchange and Holly Energy Partners ceased to be a publicly traded partnership.

From Wikipedia’s article on HF Sinclair, shared under CC BY-SA 4.0.⁷

Leadership

Who has led HF Sinclair, and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Chief operating officer

Timothy Go2022

197019801990200020102020

Chief executive officerFranklin Myers Mar 26, 2026 to now¹⁶
Chief executive officerTimothy Go May 9, 2023 to Mar 26, 2026¹⁷
Chief executive officerMichael Jennings Mar 25, 2022 to Mar 8, 2023¹⁸
PresidentFranklin Myers Mar 26, 2026 to now¹⁶
PresidentThomas G. Creery Jun 7, 2022 to Jun 7, 2022¹⁹
PresidentTimothy Go Jun 13, 2022 to Mar 26, 2026²⁰
Chief financial officerVivek Garg Mar 4, 2026 to now²¹
Chief financial officerRichard Lawrence Voliva Iii. Jun 2, 2022 to Jun 2, 2022²²
Chief financial officerAtanas H. Atanasov Oct 4, 2022 to Mar 4, 2026²³
Chief operating officerTimothy Go Jun 13, 2022 to Dec 5, 2022²⁰

Board members and other officers (25)

SVP, Lubricants & SpecialtiesMatthew Joyce May 13, 2026 to now²⁴
EVP, CommercialCraig Linington Jul 16, 2026 to now²⁵
SVP, EHSEric Kaysen Jul 16, 2026 to now²⁶
SVP and CHRODale Kunneman Jul 21, 2026 to now²⁷
VP, CAO and ControllerVivek Garg Jul 30, 2024 to now²⁸
EVP, OperationsValerie Pompa Apr 3, 2023 to now²⁹
EVP, CorporateMichael Jennings Sep 26, 2023 to Sep 26, 2023³⁰
VP, Controller and CAOIndira Agarwal Jun 3, 2022 to Dec 12, 2023³¹
Board memberJeanne M. Johns Feb 14, 2024 to now³²
Board memberTimothy Go Jun 12, 2023 to now³³
Board memberCarol Orme Holding Aug 2, 2023 to May 16, 2024³⁴
Board memberFranklin Myers Mar 21, 2022 to now³⁵
Board memberNorman J. Szydlowski Mar 24, 2022 to Nov 9, 2023³⁶
Board memberRoss B. Matthews Mar 24, 2022 to now³⁷
Board memberMichael Jennings Mar 25, 2022 to Mar 8, 2023¹⁸
Board memberRhoman J. Hardy Jul 6, 2022 to now³⁸
Board memberManuel J. Fernandez Aug 26, 2022 to now³⁹
Board memberAnna C. Catalano Nov 9, 2022 to now⁴⁰
Board memberAnne-Marie Ainsworth Nov 9, 2022 to now⁴¹
Board memberLeldon E. Echols Nov 9, 2022 to now⁴²
Board memberR. Craig Knocke Nov 9, 2022 to now⁴³
Board memberRobert J. Kostelnik Nov 9, 2022 to now⁴⁴
General counselMatthew H. Marchant Aug 5, 2026 to now⁴⁵
General counselEric L. Nitcher Jul 11, 2024 to now⁴⁶
General counselVaishali S. Bhatia Aug 22, 2022 to Dec 5, 2023⁴⁷

Products and brands

gasoline

Listed on Wikidata.¹

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

7037619 Canada Inc. Canada⁸
Artesia PTU LLC Delaware⁸
Artesia Renewable Diesel Company LLC Delaware⁸
Black Eagle LLC Delaware⁸
Cheyenne Logistics LLC Delaware⁸
Cheyenne Renewable Diesel Company LLC Delaware⁸
Cushing Connect Pipeline & Terminal LLC (joint venture) Delaware⁸
Cushing Connect Pipeline Holdings LLC (joint venture subsidiary) Delaware⁸
Cushing Connect Terminal Holdings LLC (joint venture subsidiary) Delaware⁸
EDR Realty LLC Delaware⁸
Eagle Consolidation LLC Delaware⁸
El Dorado Logistics LLC Delaware⁸
El Dorado Osage LLC Delaware⁸
El Paso Operating LLC Delaware⁸
Ethanol Management Company LLC Delaware⁸
Frontier Aspen LLC (f/k/a HEP Casper SLC LLC) Delaware⁸
Frontier Pipeline LLC Delaware⁸
Frontier Refining & Marketing LLC Delaware⁸
Green Trail Fuels, LLC (joint venture) Delaware⁸
HEP Cheyenne LLC Delaware⁸
HEP Cushing LLC (f/k/a HEP Cheyenne Shortline LLC) Delaware⁸
HEP El Dorado LLC Delaware⁸
HEP Fin-Tex/Trust-River, L.P. Texas⁸
HEP Logistics GP, L.L.C Delaware⁸

All 108 listed subsidiaries

HEP Logistics Holdings, L.P. Delaware⁸
HEP Mountain Home, L.L.C. Delaware⁸
HEP Navajo Southern, L.P. Delaware⁸
HEP Oklahoma LLC Delaware⁸
HEP Pipeline Assets, Limited Partnership Delaware⁸
HEP Pipeline GP, L.L.C. Delaware⁸
HEP Pipeline, L.L.C. Delaware⁸
HEP Refining Assets, L.P. Delaware⁸
HEP Refining GP, L.L.C. Delaware⁸
HEP Refining, L.L.C. Delaware⁸
HEP Tulsa LLC Delaware⁸
HEP Woods Cross, L.L.C. Delaware⁸
HF Sinclair Asphalt Company LLC (f/k/a HollyFrontier Asphalt Company LLC) Delaware⁸
HF Sinclair Casper Refining LLC (f/k/a Sinclair Casper Refining Company LLC) Delaware⁸
HF Sinclair Cheyenne Refining LLC (f/k/a HollyFrontier Cheyenne Refining LLC) Delaware⁸
HF Sinclair El Dorado Refining LLC (f/k/a HollyFrontier El Dorado Refining LLC) Delaware⁸
HF Sinclair Field Services LLC (f/k/a Sinclair Field Services LLC) Delaware⁸
HF Sinclair Golf Course LLC (f/k/a Sinclair Golf Course LLC) Delaware⁸
HF Sinclair Navajo Refining LLC (f/k/a HollyFrontier Navajo Refining LLC) Delaware⁸
HF Sinclair Parco Refining LLC (f/k/a Sinclair Wyoming Refining Company LLC) Delaware⁸
HF Sinclair Payroll Services, Inc. (f/k/a HollyFrontier Payroll Services, Inc.) Delaware⁸
HF Sinclair Puget Sound Refining LLC (f/k/a HollyFrontier Puget Sound Refining LLC) Delaware⁸
HF Sinclair Refining & Marketing LLC (f/k/a HollyFrontier Refining & Marketing LLC) Delaware⁸
HF Sinclair Renewables Holding Company LLC (f/k/a HollyFrontier Renewables Holding Company LLC) Delaware⁸
HF Sinclair Renewables Marketing LLC (f/k/a HollyFrontier Renewables Marketing LLC) Delaware⁸
HF Sinclair Retail JV 1 LLC Delaware⁸
HF Sinclair Transportation LLC (f/k/a HollyFrontier Transportation LLC) Delaware⁸
HF Sinclair Tulsa Refining LLC (f/k/a HollyFrontier Tulsa Refining LLC) Delaware⁸
HF Sinclair Woods Cross Refining LLC (f/k/a HollyFrontier Woods Refining LLC) Delaware⁸
HRM Realty, LLC Delaware⁸
Holly Energy Finance Corp. Delaware⁸
Holly Energy Holdings LLC Delaware⁸
Holly Energy Partners – Operating, L.P. Delaware⁸
Holly Energy Partners, L.P. Delaware⁸
Holly Energy Storage – Lovington LLC Delaware⁸
Holly Logistic Services, L.L.C. Delaware⁸
Holly Logistics Limited LLC Delaware⁸
Holly Petroleum, Inc. Delaware⁸
Holly Refining Communications, Inc. Delaware⁸
HollyFrontier Corporation Delaware⁸
HollyFrontier Holdings LLC Delaware⁸
HollyFrontier LSP Brand Strategies LLC Delaware⁸
HollyFrontier LSP Europe B. V. (f/k/a Petro-Canada Lubricants Netherlands B.V.) Netherlands⁸
HollyFrontier LSP Holdings LLC Delaware⁸
HollyFrontier LSP Latin America Holdings LLC Delaware⁸
HollyFrontier LSP Mexico S. de R.L. de C.V. Mexico⁸
HollyFrontier LSP Services LLC Delaware⁸
HollyFrontier LSP US Holdings LLC Delaware⁸
HollyFrontier Luxembourg Holding Company Luxembourg⁸
HollyFrontier Netherlands B.V. Netherlands⁸
HollyFrontier Services LLC Delaware⁸
Hollymarks, LLC Delaware⁸
Industrial Oils Unlimited LLC Delaware⁸
Jia Shi Lubricants Trading (Shanghai) Co. Ltd. China⁸
Lea Refining Company Delaware⁸
Lovington-Artesia, L.L.C. Delaware⁸
NWNAL LLC Delaware⁸
Navajo Holdings, Inc. New Mexico⁸
Navajo Pipeline Co., Inc. (f/k/a Navajo Pipeline Co., L.P.) Delaware⁸
Navajo Pipeline GP, L.L.C. Delaware⁸
Navajo Pipeline LP, L.L.C. Delaware⁸
Osage Pipe Line Company, LLC (joint venture) Delaware⁸
Petro-Canada America Lubricants LLC Delaware⁸
Petro-Canada Lubricants Inc. Canada⁸
Rawlins PTU LLC Delaware⁸
Red Giant Oil Company LLC Delaware⁸
Roadrunner Pipeline, L.L.C. Delaware⁸
SLC Pipeline LLC (f/k/a HEP SLC, LLC) Delaware⁸
Sinclair Crude Company LLC Delaware⁸
Sinclair Holding LLC (f/k/a Hippo Holding LLC) Delaware⁸
Sinclair Logistics LLC Delaware⁸
Sinclair Oil LLC (f/k/a Sinclair Oil Corporation) Delaware⁸
Sinclair Pipeline Company LLC Delaware⁸
Sinclair Transportation Company LLC Delaware⁸
Sinclair Trucking Company LLC Delaware⁸
Sinclair Tulsa Refining Company LLC Wyoming⁸
Sonneborn Refined Products B.V. Netherlands⁸
Sonneborn US Holdings LLC Delaware⁸
Sonneborn do Brasil Representacoes Comerciais LTDA Brazil⁸
Sonneborn, LLC Delaware⁸
UNEV Pipeline, LLC Delaware⁸
Wainoco Oil and Gas Company Delaware⁸
Wainoco Resources, Inc. Delaware⁸
Wyoming Renewable Diesel Company LLC Wyoming⁸

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

Aug 26, 20268-K Other events⁴⁸
Aug 5, 20268-K Entered a material agreement⁴⁹
Jul 28, 20268-K Results of operations; Regulation FD disclosure⁵⁰
Jul 28, 20268-K Executive or director change⁵¹
Jul 8, 20268-K Executive or director change; Regulation FD disclosure⁵²
May 19, 20268-K Entered a material agreement⁵³
May 13, 20268-K Shareholder vote⁵⁴
May 13, 20268-K Executive or director change⁵⁵
May 12, 20268-K Executive or director change⁵⁶
May 1, 20268-K Results of operations⁵⁷
Mar 31, 20268-K Executive or director change⁵⁸
Mar 26, 2026New chief executive Franklin Myers becomes CEO¹⁶
Mar 6, 20268-K Executive or director change⁵⁹
May 9, 2023New chief executive Timothy Go becomes CEO¹⁷
Mar 25, 2022New chief executive Michael Jennings becomes CEO¹⁸
1947Founded Founded¹

Calendar

Coming up

Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $2.44 a share, on Oct 30, 2025.⁶⁰

When it reported results

Jul 28, 2026Reported quarterly or annual results⁵⁰
May 1, 2026Reported quarterly or annual results⁵⁷
Feb 18, 2026Reported quarterly or annual results⁶¹
Oct 30, 2025Reported quarterly or annual results⁶²
Jul 31, 2025Reported quarterly or annual results⁶³
May 1, 2025Reported quarterly or annual results⁶⁴
Feb 20, 2025Reported quarterly or annual results⁶⁵
Oct 31, 2024Reported quarterly or annual results⁶⁶

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

485 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 124 major events, 203 insider forms, 43 large holders, 97 other. The latest 20:

Oct 8, 2026SCHEDULE 13G/A EDGAR
Sep 21, 20264 EDGAR
Sep 2, 2026S-8 EDGAR
Aug 26, 20268-K EDGAR
Aug 18, 20264 EDGAR
Aug 11, 20264 EDGAR
Aug 6, 20264 EDGAR
Aug 5, 20268-K EDGAR
Aug 5, 2026144 EDGAR
Aug 5, 20263 EDGAR
Aug 4, 20264 EDGAR
Aug 4, 2026SCHEDULE 13D/A EDGAR
Jul 31, 2026SCHEDULE 13G/A EDGAR
Jul 30, 202610-Q EDGAR
Jul 28, 20268-K EDGAR
Jul 28, 20268-K EDGAR
Jul 21, 20263 EDGAR
Jul 20, 20264 EDGAR
Jul 16, 20263 EDGAR
Jul 16, 20263 EDGAR

The 485 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

51 open-market trades by officers, directors and large owners since October 2021: 21 buys and 30 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Aug 11, 2026	MYERS FRANKLINCEO	Buy	15,000	$85.30	$1.3M	Form 4
Aug 5, 2026	Kunneman DaleSVP and CHRO	Sale	8,936	$84.59	$755.9K	Form 4
Jun 16, 2026	Hardy Rhoman JDirector	Buy	1,508	$66.32	$100.0K	Form 4
Jun 2, 2026	Fernandez Manuel JDirector	Sale	635	$73.09	$46.4K	Form 4
May 26, 2026	Joyce MatthewSVP, Lubricants & Specialties	Sale	2,384	$69.73	$166.2K	Form 4
May 19, 2026	Garg VivekActing CFO, VP, CAO & CONTR	Sale	717	$71.89	$51.5K	Form 4
May 18, 2026	MYERS FRANKLINCEO	Buy	15,000	$69.11	$1.0M	Form 4
May 15, 2026	Pompa ValerieEVP, Operations	Sale	10,000	$69.05	$690.5K	Form 4
Nov 5, 2025	Garg VivekActing CFO, VP, CAO & CONTR	Sale	314	$53.28	$16.7K	Form 4
Aug 1, 2025	Pompa ValerieEVP, Operations	Sale	11,000	$42.53	$467.8K	Form 4
Mar 4, 2025	Fernandez Manuel JDirector	Buy	635	$31.48	$20.0K	Form 4
Feb 26, 2025	MYERS FRANKLINCEO	Buy	5,000	$35.66	$178.3K	Form 4
Dec 19, 2024	Atanasov Atanas HEVP and CFO	Buy	5,000	$33.77	$168.8K	Form 4
Dec 16, 2024	Knocke R CraigDirector	Buy	5,000	$36.15	$180.8K	Form 4
Dec 13, 2024	Atanasov Atanas HEVP and CFO	Buy	2,000	$37.46	$74.9K	Form 4
Dec 12, 2024	Atanasov Atanas HEVP and CFO	Buy	7,000	$37.96	$265.7K	Form 4
Nov 5, 2024	Go TimothyCEO and President	Buy	2,500	$39.97	$99.9K	Form 4
Nov 1, 2024	MYERS FRANKLINCEO	Buy	5,000	$38.76	$193.8K	Form 4
Jun 12, 2024	MYERS FRANKLINCEO	Buy	2,000	$52.04	$104.1K	Form 4
May 20, 2024	MYERS FRANKLINCEO	Buy	6,500	$57.37	$372.9K	Form 4

All 51 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 2 filings Apr 9, 2026 to Oct 8, 2026⁶⁷
REH Advisors Inc.SCHEDULE 13D/A, 5 filings Sep 18, 2025 to Aug 4, 2026⁶⁸
VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 29, 2026 to Jul 31, 2026⁶⁹
VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2023 to Mar 27, 2026⁷⁰
BlackRockSCHEDULE 13G/A, 3 filings Feb 3, 2023 to Apr 3, 2025⁷¹
Capital World InvestorsSC 13G/A, 2 filings Feb 9, 2024 to Nov 13, 2024⁷²
REH CoSC 13D/A, 24 filings Mar 24, 2022 to Jun 14, 2024⁷³

Stakes it holds

HF Sinclair has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

HOLLY ENERGY PARTNERS LPSC 13D/A Mar 17, 2022 to Dec 4, 2023⁷⁴

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Age	Salary	Total pay
2025	Timothy Go		$1.2M	$14.3M⁷⁵
2025	Atanas H. Atanasov		$742.8K	$4.5M⁷⁵
2025	Eric L. Nitcher	63	$641.8K	$3.2M⁷⁵
2025	Valerie Pompa	57	$630.7K	$3.1M⁷⁵
2025	Steven C. Ledbetter	50	$541.6K	$2.6M⁷⁵
2024	Former ChiefExecutive Officer		$1.1M	$12.8M⁷⁵
2024	Former Executive VicePresident		$680.2K	$4.2M⁷⁵
2024	Executive VicePresident,		$274.2K	$3.0M⁷⁵
2023	and President		$1.0M	$15.5M⁷⁵
2023	and Chief Financial Officer		$600.0K	$4.1M⁷⁵
2023	Operations		$500.0K	$2.5M⁷⁵
2023	Commercial		$376.9K	$2.3M⁷⁵

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	18,544,173	$1.3B	0.0%	−178,103
TCTC Holdings, LLC	12,330,782	$858.8M	22.6%	−496
Dimensional Fund Advisors LP	9,532,887	$664.0M	0.1%	+282,948
Vanguard Portfolio Management LLC	8,856,765	$616.9M	0.0%	−239,870
Vanguard Capital Management LLC	6,906,593	$481.0M	0.0%	−101,491
State Street Corp	6,422,156	$447.3M	0.0%	−241,137
Charles Schwab Investment Management Inc	5,574,305	$388.3M	0.1%	+298,939
Aqr Capital Management LLC	4,644,694	$323.5M	0.1%	−497,926
Victory Capital Management Inc	4,636,623	$322.9M	0.2%	+413,851
Citadel Advisors LLC	4,263,228	$296.9M	0.2%	+3,981,383
Geode Capital Management, LLC	3,116,787	$217.2M	0.0%	−2,799
Invesco Ltd.	2,854,426	$198.8M	0.0%	+51,671
Fuller & Thaler Asset Management, Inc.	2,687,030	$187.2M	0.5%	+436,845
Morgan Stanley	2,298,249	$160.1M	0.0%	−74,536
Fmr LLC	2,057,756	$143.3M	0.0%	+545,502
Bank of New York Mellon Corp	2,019,443	$140.7M	0.0%	−44,347
Northern Trust Corp	1,404,846	$97.8M	0.0%	+18,776
Nfj Investment Group, LLC	1,398,736	$97.4M	3.3%	−139,938
Allianz Asset Management GmbH	1,365,873	$91.4M	0.1%	+510,621
Bank Of America Corp /de/	1,289,961	$89.8M	0.0%	−88,585
Norges Bank	1,271,870	$88.6M	0.0%	New
Los Angeles Capital Management LLC	1,163,432	$81.0M	0.3%	+707,376
Qube Research & Technologies Ltd	1,116,198	$77.7M	0.1%	+808,291
Goldman Sachs Group Inc	1,024,164	$71.3M	0.0%	−104,197
Citigroup Inc	969,545	$67.5M	0.0%	+673,405

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Feb 20, 2026	Julia LetlowRepublican, House	Sale	$1,001 - $15,000	−134.3%	Report
Aug 8, 2025	Julia LetlowRepublican, House	Partial sale	$1,001 - $15,000	−166.6%	Report
Oct 23, 2024	Julia LetlowRepublican, House	Buy	$1,001 - $15,000	+158.6%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How HF Sinclair is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARHF Sinclair Corp²
CIK0001915657
Employer ID (EIN)87-2092143⁷⁶
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁷⁶
Incorporated inDelaware⁷⁶
Fiscal year endsDecember 31²
Industry code (SIC)4610 Pipe Lines (No Natural Gas)²
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance²
Business address2323 Victory Avenue, Suite 1400, Dallas, TX 75219²
Phone214-954-6696²
Shares outstanding177,783,849 as of Jul 24, 2026¹⁴
Public float$7.7B as of Jun 30, 2025⁷⁶
AuditorErnst & Young LLP, Dallas, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting⁷⁶
On EDGAR sinceMar 14, 2022²
Filings490 in all: 4 (183), 8-K (118), SC 13D/A (27), 144 (22), 3 (18), 10-Q (14), 425 (10), CORRESP (9)²
All 37 form types
DEFA14A (6), 8-K/A (5), DEF 14A (5), SCHEDULE 13D/A (5), SCHEDULE 13G/A (5), SD (5), UPLOAD (5), 10-K (4), 424B5 (4), S-3ASR (4), SC 13G/A (4), 144/A (3), 424B3 (3), ARS (3), EFFECT (3), S-4 (3), S-8 (3), SC 13G (3), 4/A (2), FWP (2), PRE 14A (2), S-4/A (2), SCHEDULE 13G (2), 5 (1), 8-A12B (1), 8-K12B (1), CERT (1), PX14A6G (1), SC 13D (1)
Latest filingsAnnual report (10-K) Feb 27, 2026
Quarterly report (10-Q) Jul 30, 2026
Proxy statement (DEF 14A) Mar 31, 2026
Latest 8-K (8-K) Aug 26, 2026

Securities registered for trading

Class	Symbol	Exchange
Common Stock $0.01 par value	DINO	New York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).⁷⁶

Risk factors and legal proceedings

The risks HF Sinclair names in Item 1A of its 10-K filed Feb 27, 2026: 40 risks under these headings, as written.⁷⁶

Risks Related to our Business/Industry
Risks Related to Government Regulation
Risks Related to Cybersecurity, Data Security and Privacy, Information Technology and Intellectual Property
Risks Related to Liquidity, Financial Instruments and Credit
RISKS RELATED TO OUR BUSINESS/INDUSTRY
The prices of crude oil, renewable feedstocks, refined, finished lubricant and renewable diesel products materially affect our operating results and are dependent upon many factors that are beyond our control, including general market demand and economic conditions, seasonal and weather-related factors, regional and grade differentials and governmental regulations and policies.
Our operations are subject to catastrophic losses, operational hazards, unforeseen interruptions and other disruptive risks for which we may not be adequately insured.
A disruption to or proration of the product distribution systems or manufacturing facilities we utilize could negatively impact our profitability.
A material decrease in the supply, or a material increase in the price, of crude oil, renewable feedstocks or other raw materials or equipment available to our refineries and other facilities could significantly reduce our production levels and negatively affect our operations.
To successfully operate our facilities, we are required to expend significant amounts for capital outlays and operating expenditures. If we are unable to complete capital projects at their expected costs or in a timely manner, or if the market conditions assumed in our project economics deteriorate, our financial condition, results of operations, or cash flows could be materially and adversely affected.
Competition in the refining and marketing industry is intense, and an increase in competition in the markets in which we sell our products could adversely affect our earnings and profitability.
The market for our Lubricants & Specialties segment is highly competitive and requires us to continuously develop and introduce new products and product enhancements.

The other 32 risks

Negative publicity or an erosion of our business reputation could have a material adverse effect on our earnings, cash flows and financial condition.
Potential product, service or other related liability claims and litigation could adversely affect our business, reputation and results of operations.
Terrorist attacks, and the threat of terrorist attacks or vandalism, have resulted in increased costs to our business. Continued global hostilities or other sustained military campaigns may adversely impact our results of operations.
Our business may suffer due to a change in the composition of our Board of Directors, or the departure of any of our key executives or other key employees. A shortage of skilled labor may make it difficult for us to maintain labor productivity.
In the most recent reporting cycle, we reviewed certain issues relating to our disclosure processes that had the potential to impair our ability to make appropriate and timely disclosure decisions. In the event of any failure of the Company to accurately report our financial results or to maintain effective internal control over financial reporting or disclosure controls and procedures, investors could lose confidence in our financial and other public reporting, which could have a material adverse effect.
A portion of our workforce is unionized, and any disruptions in our labor force or adverse employee relations could adversely affect our business.
Acquisitions involve numerous risks, any of which could adversely affect us.
Certain of our facilities, pipelines and assets are located on or adjacent to Native American tribal lands or on other lands that we do not own. Our operations are subject to potentially disruptive activity by those concerned with our industry.
General economic conditions may adversely affect our business, operating results and financial condition.
An impairment of our goodwill or assets could reduce our earnings or negatively impact our financial condition and results of operations.
We sell many of our lubricants and specialties products through distributors, which presents risks that could adversely affect our operating results.
The market price of our common stock may fluctuate significantly, and the value of a stockholder’s investment could be impacted.
RISKS RELATED TO GOVERNMENT REGULATION
We are subject to significant regulation and oversight by governmental agencies.
We incur significant costs and liabilities, and expect to incur additional costs and liabilities in the future, resulting from compliance with existing, new and changing environmental, health and safety laws and regulations, and we face potential exposure for environmental matters.
We may incur significant costs and liabilities resulting from the performance of pipeline integrity programs and related repairs.
There are various risks associated with GHGs and climate change that could result in increased operating and compliance costs, increased litigation and reduced demand for the refined products we produce and investment in our industry.
Evolving attention to ESG matters may adversely impact our business, financial results, stock price or price of debt securities.
Compliance with, or developments with respect to, renewable and low-carbon fuel blending programs, and other regulations, policies, and standards impacting the demand for low-carbon fuels could have an adverse effect on our financial condition and results of operations.
Increases in required fuel economy and regulation of GHG emissions from motor vehicles may reduce demand for petroleum-based transportation fuels.
State regulation of petroleum product markets and reporting requirements could adversely impact our business, costs of operation and financial results.
Physical or transitional risks of climate change could have an adverse effect on our financial condition and results of operations.
Compliance with and changes in tax laws could materially and adversely impact our financial condition, results of operations and cash flows.
RISKS RELATED TO CYBERSECURITY, DATA SECURITY AND PRIVACY, INFORMATION TECHNOLOGY AND INTELLECTUAL PROPERTY
We may be subject to information and operational technology system failures, communications network disruptions and data breaches that are generally beyond our control.
We may be unable to adequately maintain, enforce and protect our intellectual property and may not be able to prevent third parties from unauthorized access or use of our intellectual property, which may increase our cost of doing business or otherwise hurt our ability to compete in the market.
If we fail to comply with our obligations under license or technology agreements with third parties or are unable to license rights to use technologies on reasonable terms or at all, we may be required to pay damages or could potentially lose license rights that are critical to our business.
RISKS RELATED TO LIQUIDITY, FINANCIAL INSTRUMENTS AND CREDIT
Changes in our credit profile, or a significant increase in the price of crude oil, may affect our relationship with our suppliers, which could have a material adverse effect on our liquidity and limit our ability to purchase sufficient quantities of crude oil to operate our refineries at desired capacity.
We may not be able to obtain funding on acceptable terms or at all because of volatility and uncertainty in the credit and capital markets. This may hinder or prevent us from meeting our future capital needs.
We are exposed to the credit risks and certain other risks of our key customers and vendors.
Our credit facilities contain certain covenants and restrictions that may constrain our business and financing activities.
Our hedging transactions may limit our gains and expose us to other risks.
We may be unable to pay future dividends.

Legal proceedings

Commitment and Contingency Reserves

In the ordinary course of business, we may become party to legal, regulatory or administrative proceedings or governmental investigations, including environmental and other matters. Damages or penalties may be sought from us in some matters and certain matters may require years to resolve. While the outcome and impact of these proceedings and investigations on us cannot be predicted with certainty, based on advice of counsel and information currently available to us, management believes that the resolution of these proceedings and investigations through settlement or adverse judgment will not either individually or in the aggregate have a material adverse effect on our financial condition, results of operations or cash flows.

The environmental proceedings are reported to comply with SEC regulations which require us to disclose proceedings arising under provisions regulating the discharge of materials into the environment or protecting the environment when a governmental authority is party to the proceedings and such proceedings involve potential monetary sanctions that we reasonably believe could exceed $1 million or more.

Environmental Matters

The opening of Item 3, Legal Proceedings.⁷⁶

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataHF Sinclair on Wikidata
2
SEC EDGARHF Sinclair filings on SEC EDGAR
3
WikipediaHF Sinclair on Wikipedia
4
GLEIFHF Sinclair LEI record (549300J3U2WK73C9ZK26)
5
Yahoo FinanceDINO quote
6
SEC EDGARHF Sinclair filings on SEC EDGAR
7
WikipediaHF Sinclair on Wikipedia (revision used)
8
SEC EDGARHF Sinclair annual report, Exhibit 21 (subsidiaries)
9
SEC EDGARHF Sinclair 10-K for fiscal 2025
10
SEC EDGARHF Sinclair 10-K for fiscal 2020
11
SEC EDGARHF Sinclair 10-K for fiscal 2021
12
SEC EDGARHF Sinclair 10-K for fiscal 2022
13
SEC EDGARHF Sinclair 10-Q for fiscal 2026
14
SEC EDGARHF Sinclair 10-Q for fiscal 2026
15
SEC EDGARHF Sinclair 10-K for fiscal 2022
16
SEC EDGARFranklin Myers, Chief executive officer
17
SEC EDGARTimothy Go, Chief executive officer
18
SEC EDGARMichael Jennings, Chief executive officer
19
SEC EDGARThomas G. Creery, President
20
SEC EDGARTimothy Go, President
21
SEC EDGARVivek Garg, Chief financial officer
22
SEC EDGARRichard Lawrence Voliva Iii., Chief financial officer
23
SEC EDGARAtanas H. Atanasov, Chief financial officer
24
SEC EDGARMatthew Joyce, SVP, Lubricants & Specialties
25
SEC EDGARCraig Linington, EVP, Commercial
26
SEC EDGAREric Kaysen, SVP, EHS
27
SEC EDGARDale Kunneman, SVP and CHRO
28
SEC EDGARVivek Garg, VP, CAO and Controller
29
SEC EDGARValerie Pompa, EVP, Operations
30
SEC EDGARMichael Jennings, EVP, Corporate
31
SEC EDGARIndira Agarwal, VP, Controller and CAO
32
SEC EDGARJeanne M. Johns, Board member
33
SEC EDGARTimothy Go, Board member
34
SEC EDGARCarol Orme Holding, Board member
35
SEC EDGARFranklin Myers, Board member
36
SEC EDGARNorman J. Szydlowski, Board member
37
SEC EDGARRoss B. Matthews, Board member
38
SEC EDGARRhoman J. Hardy, Board member
39
SEC EDGARManuel J. Fernandez, Board member
40
SEC EDGARAnna C. Catalano, Board member
41
SEC EDGARAnne-Marie Ainsworth, Board member
42
SEC EDGARLeldon E. Echols, Board member
43
SEC EDGARR. Craig Knocke, Board member
44
SEC EDGARRobert J. Kostelnik, Board member
45
SEC EDGARMatthew H. Marchant, General counsel
46
SEC EDGAREric L. Nitcher, General counsel
47
SEC EDGARVaishali S. Bhatia, General counsel
48
SEC EDGAROther events
49
SEC EDGAREntered a material agreement
50
SEC EDGARResults of operations; Regulation FD disclosure
51
SEC EDGARExecutive or director change
52
SEC EDGARExecutive or director change; Regulation FD disclosure
53
SEC EDGAREntered a material agreement
54
SEC EDGARShareholder vote
55
SEC EDGARExecutive or director change
56
SEC EDGARExecutive or director change
57
SEC EDGARResults of operations
58
SEC EDGARExecutive or director change
59
SEC EDGARExecutive or director change
60
NasdaqNasdaq calendar
61
SEC EDGARHF Sinclair 8-K, Item 2.02 (results of operations)
62
SEC EDGARHF Sinclair 8-K, Item 2.02 (results of operations)
63
SEC EDGARHF Sinclair 8-K, Item 2.02 (results of operations)
64
SEC EDGARHF Sinclair 8-K, Item 2.02 (results of operations)
65
SEC EDGARHF Sinclair 8-K, Item 2.02 (results of operations)
66
SEC EDGARHF Sinclair 8-K, Item 2.02 (results of operations)
67
SEC EDGARDIMENSIONAL FUND ADVISORS LP SCHEDULE 13G/A on HF Sinclair
68
SEC EDGARREH Advisors Inc. SCHEDULE 13D/A on HF Sinclair
69
SEC EDGARVANGUARD PORTFOLIO MANAGEMENT LLC SCHEDULE 13G/A on HF Sinclair
70
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on HF Sinclair
71
SEC EDGARBlackRock SCHEDULE 13G/A on HF Sinclair
72
SEC EDGARCapital World Investors SC 13G/A on HF Sinclair
73
SEC EDGARREH Co SC 13D/A on HF Sinclair
74
SEC EDGARHF Sinclair SC 13D/A on HOLLY ENERGY PARTNERS LP
75
SEC EDGARHF Sinclair proxy statement (DEF 14A), 2025 pay
76
SEC EDGARHF Sinclair 10-K filed Feb 27, 2026: cover page