ADDED
dino-20251231 0001915657 12/31 2025 FY false Chicago Stock Exchange, Inc.
Business and Properties 7 Company Overview 7 Refinery Operations 8 Renewables Operations 11 Marketing Operations 11 Lubricants and Specialties Operations 12 Midstream Operations 12 Additional Operations and Other Information 14 Item 1A.
Management s Discussion and Analysis of Financial Condition and Results of Operations 59 Overview 60 Results of Operations 62 Liquidity and Capital Resources 70 Critical Accounting Policies and Estimates 74 Risk Management 75 Reconciliations to Amounts Reported Under Generally Accepted Accounting Principles 77 Item 7A.
Ethanol means a high-octane gasoline blend stock that is used to make various grades of gasoline.
Light crude oil means a relatively expensive crude oil with a high API gravity characterized by low relative density and viscosity.
MSAT2 means Control of Hazardous Air Pollutants from Mobile Sources, a rule issued by the EPA to reduce hazardous emissions from motor vehicles and motor vehicle fuels.
Our telephone number is 214-871-3555, and our internet website address is www.hfsinclair.com.
Our common stock is traded on the New York Stock Exchange and NYSE Texas, Inc.
HEP Merger Transaction On December 1, 2023, we completed the merger of HEP into an indirect wholly owned subsidiary of HF Sinclair pursuant to an Agreement and Plan of Merger dated August 15, 2023 (the HEP Merger Transaction ).
Consideration paid in connection with the merger included cash and shares of HF Sinclair common stock.
REMOVED
Business and Properties 7 C ompany Overview 7 R efinery Operations 8 R enewables Ope rations 12 M arketing Operations 12 L ubricants and Specialties Operations 12 M idstream Operations 13 A dditional Ope rations and Other Information 15 Item 1A.
Management s Discussion and Analysis of Financial Condition and Results of Operations 58 O verview 58 R esults of Operations 61 Liquidity and Capital Resources 70 C ritical Accounting Policies and Estimates 75 R isk Management 76 R econciliations to Amou nts Reported Under Generally Accept ed Accounting Principles 77 Item 7A.
( HEP ) with respect to time periods prior to completion of the merger of HEP with a wholly owned subsidiary of HF Sinclair on December 1, 2023 refer to HEP and its consolidated subsidiaries.
Ethanol means a high octane gasoline blend stock that is used to make various grades of gasoline.
5 Table of Content s Light crude oil means a relatively expensive crude oil with a high API gravity characterized by low relative density and viscosity.
MSAT2 means Control of Hazardous Air Pollutants from Mobile Sources, a rule issued by the U.S.
Environmental Protection Agency (the EPA ) to reduce hazardous emissions from motor vehicles and motor vehicle fuels.
Our telephone number is 214-871-3555, and our internet website address is www.hfsinclair.com .
Our common stock is traded on the New York Stock Exchange under the trading symbol DINO.
Under the terms of the Merger Agreement, each outstanding common unit representing a limited partner interest in HEP (an HEP common unit ), other than the HEP common units already owned by HF Sinclair and its subsidiaries, was converted into the right to receive 0.315 shares of HF Sinclair common stock and $4.00 in cash, without interest.