HF Sinclair (NYSE:DINO) posted a fourth-quarter 2025 net loss attributable to stockholders of $28 million, or $0.16 per diluted share, primarily due to non-cash charges and other adjustments typical in the refining sector.
Adjusted net income attributable to stockholders reached $221 million, or $1.20 per diluted share, demonstrating solid underlying profitability.
Reported EBITDA for the quarter was $235 million, while adjusted EBITDA rose to $564 million, supported by favorable crack spreads in key product categories, operational reliability across the refining network, and contributions from midstream and renewables segments.
The company returned $230 million to stockholders in the fourth quarter through a combination of regular dividends and opportunistic share repurchases.
HF Sinclair also announced its regular quarterly cash dividend of $0.50 per share, payable in the first quarter of 2026.
For the full year 2025, net income attributable to stockholders totaled $579 million, or $3.08 per diluted share.
Adjusted net income was $951 million, or $5.06 per diluted share.
Reported EBITDA reached $1.8 billion, with adjusted EBITDA at $2.3 billion.
Total shareholder returns for the year amounted to $724 million via dividends and share repurchases, highlighting HF Sinclair's focus on balancing growth investments, debt management, and direct returns to investors.