v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,262 $ 978
Accounts receivable, net: Product and transportation 1,595 1,033
Crude oil resales 150 103
Total Accounts receivable, net 1,745 1,136
Inventories: Crude oil and refined products (Note 9) 2,917 2,214
Materials, supplies and other 359 359
Total inventories 3,276 2,573
Income taxes receivable 2 47
Prepayments and other 102 78
Total current assets 7,387 4,812
Properties, plants and equipment, at cost 11,518 11,392
Less: accumulated depreciation (5,088) (4,859)
Total properties, plants and equipment 6,430 6,533
Operating lease right-of-use assets 362 349
Other assets: Turnaround costs 876 883
Goodwill 2,978 2,978
Equity method investments 259 226
Intangibles and other 702 729
Total other assets 4,815 4,816
Total assets 18,994 16,510
Current liabilities:    
Accounts payable 2,489 1,902
Income taxes payable 149 5
Operating lease liabilities 90 85
Accrued liabilities (Note 10) 1,020 493
Total current liabilities 3,748 2,485
Long-term debt, net (Note 12) 2,772 2,769
Noncurrent operating lease liabilities 297 289
Deferred income taxes 1,356 1,240
Other long-term liabilities (Note 10) 471 478
Total liabilities 8,644 7,261
Commitments and Contingencies (Note 16)
HF Sinclair stockholders’ equity:    
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 June 30, 2026 and December 31, 2025 2 2
Additional capital 6,021 6,008
Retained earnings 6,733 5,373
Accumulated other comprehensive loss (Note 15) (46) (26)
Common stock held in treasury, at cost – 45,447,697 and 41,443,642 shares as of June 30, 2026 and December 31, 2025 (2,425) (2,173)
Total HF Sinclair stockholders’ equity 10,285 9,184
Noncontrolling interests 65 65
Total equity 10,350 9,249
Total liabilities and equity $ 18,994 $ 16,510