HF Sinclair (DINO) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-41325
Entity Registrant Name	HF SINCLAIR CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-2092143
Entity Address, Address Line One	2828 N. Harwood,
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75201
City Area Code	214
Local Phone Number	871-3555
Title of 12(b) Security	Common Stock $0.01 par value
Trading Symbol	DINO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		188,151,863
Entity Central Index Key	0001915657
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,229,482	$ 1,353,747
Accounts receivable, net: Product and transportation	1,187,864	1,527,950
Crude oil resales	139,696	197,169
Total Accounts receivable, net	1,327,560	1,725,119
Inventories: Crude oil and refined products	2,412,431	2,645,724
Materials, supplies and other	275,249	276,107
Total inventories	2,687,680	2,921,831
Income taxes receivable	47,907	56,528
Prepayments and other	63,513	89,229
Total current assets	5,356,142	6,146,454
Properties, plants and equipment, at cost	10,814,724	10,533,432
Less: accumulated depreciation	(4,271,458)	(3,906,600)
Total properties, plants and equipment	6,543,266	6,626,832
Operating lease right-of-use assets	363,507	348,006
Other assets: Turnaround costs	701,795	644,957
Goodwill	2,977,842	2,977,744
Intangibles and other	945,109	972,272
Total other assets	4,624,746	4,594,973
Total assets	16,887,661	17,716,265
Current liabilities:
Accounts payable	2,016,049	2,205,759
Income taxes payable	19,891	8,772
Operating lease liabilities	78,181	106,973
Current debt	350,000	0
Accrued liabilities	498,718	453,045
Total current liabilities	2,962,839	2,774,549
Long-term debt, net	2,286,805	2,739,083
Noncurrent operating lease liabilities	309,967	249,479
Deferred income taxes	1,239,463	1,297,130
Other long-term liabilities	418,177	418,726
Total liabilities	7,217,251	7,478,967
Commitments and Contingencies
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 September 30, 2024 and December 31, 2023, respectively	2,232	2,232
Additional capital	6,001,233	5,993,661
Retained earnings	5,479,152	5,379,182
Accumulated other comprehensive loss	(19,296)	(11,784)
Common stock held in treasury, at cost – 35,079,683 and 23,235,599 shares as of September 30, 2024 and December 31, 2023, respectively	(1,859,638)	(1,194,201)
Total HF Sinclair stockholders’ equity	9,603,683	10,169,090
Noncontrolling interest	66,727	68,208
Total equity	9,670,410	10,237,298
Total liabilities and equity	$ 16,887,661	$ 17,716,265

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock par value (in USD per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock par value (in USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	320,000,000	320,000,000
Common stock, shares issued (in shares)	223,231,546	223,231,546
Common stock held in treasury (in shares)	35,079,683	23,235,599

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Sales and other revenues:		$ 7,207,140	$ 8,905,471	$ 22,080,116	$ 24,304,259
Cost of sales:
Cost of materials and other	[1]	6,158,294	6,935,650	18,835,319	19,313,312
Lower of cost or market inventory valuation adjustments		202,307	(43,848)	(20,186)	(4,114)
Operating expenses		629,573	622,532	1,828,002	1,808,715
Total cost of sales	[2]	6,990,174	7,514,334	20,643,135	21,117,913
Selling, general and administrative expenses	[2]	118,014	124,213	326,246	347,514
Depreciation and amortization		209,716	195,562	613,765	558,905
Asset impairments		9,984	0	9,984	0
Total operating costs and expenses		7,327,888	7,834,109	21,593,130	22,024,332
Income (loss) from operations		(120,748)	1,071,362	486,986	2,279,927
Other income (expense):
Earnings of equity method investments		8,151	3,009	23,612	10,436
Interest income		18,309	24,577	58,983	62,103
Interest expense		(40,396)	(48,686)	(126,536)	(141,490)
Gain on foreign currency transactions		1,401	860	1,475	2,478
Gain on sale of assets and other		1,936	8,954	3,691	11,737
Total other income (expense)		(10,599)	(11,286)	(38,775)	(54,736)
Income (loss) before income taxes:		(131,347)	1,060,076	448,211	2,225,191
Income tax expense (benefit)
Current		7,662	208,265	106,533	393,089
Deferred		(64,928)	26,750	(54,343)	87,551
Total income tax expense		(57,266)	235,015	52,190	480,640
Net income (loss)		(74,081)	825,061	396,021	1,744,551
Less: net income attributable to noncontrolling interest		1,863	34,139	5,513	92,702
Net income (loss) attributable to HF Sinclair stockholders		$ (75,944)	$ 790,922	$ 390,508	$ 1,651,849
Earnings (loss) per share attributable to HF Sinclair stockholders:
Basic (in USD per share)		$ (0.40)	$ 4.23	$ 2.01	$ 8.57
Diluted (in USD per share)		$ (0.40)	$ 4.23	$ 2.01	$ 8.57
Average number of common shares outstanding:
Basic (in shares)		189,840	185,456	193,341	191,047
Diluted (in shares)		189,840	185,456	193,341	191,047
[1] Exclusive of Lower of cost or market inventory valuation adjustments. Exclusive of Depreciation and amortization .

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income (loss)	$ (74,081)	$ 825,061	$ 396,021	$ 1,744,551
Other comprehensive income (loss):
Foreign currency translation adjustment	10,188	(13,471)	(7,659)	(693)
Change in fair value of cash flow hedging instruments	(62)	(3,506)	(5,110)	(3,236)
Loss reclassified to net income on settlement of cash flow hedging instruments	518	3,506	5,110	3,236
Net unrealized gain on hedging instruments	456	0	0	0
Retirement restoration plan loss reclassified to net income	6	3	16	9
Net change in pension and other post-retirement benefit obligations	(490)	(960)	(1,905)	(2,880)
Other comprehensive income (loss) before income taxes	10,154	(14,431)	(9,564)	(3,573)
Income tax expense (benefit)	2,137	(3,067)	(2,052)	(843)
Other comprehensive income (loss)	8,017	(11,364)	(7,512)	(2,730)
Total comprehensive income (loss)	(66,064)	813,697	388,509	1,741,821
Less: noncontrolling interest in comprehensive income	1,863	34,139	5,513	92,702
Comprehensive income (loss) attributable to HF Sinclair stockholders	(67,927)	779,558	382,996	1,649,119
Pension obligations
Other comprehensive income (loss):
Plan (gain) loss reclassified to net income	437	(45)	869	(135)
Post-retirement healthcare obligations
Other comprehensive income (loss):
Plan (gain) loss reclassified to net income	$ (933)	$ (918)	$ (2,790)	$ (2,754)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ 396,021	$ 1,744,551
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	613,765	558,905
Asset impairments	9,984	0
Lower of cost or market inventory valuation adjustments	(20,186)	(4,114)
Earnings of equity method investments, net of distributions	(6,874)	6,646
Gain on sale of assets	(1,503)	(7,718)
Deferred income taxes	(54,343)	87,551
Equity-based compensation expense	15,835	26,368
Change in fair value – derivative instruments	(10,284)	4,396
(Increase) decrease in current assets:
Accounts receivable	395,294	(245,337)
Inventories	247,960	83,068
Income taxes receivable	8,548	24,568
Prepayments and other	22,750	27,729
Increase (decrease) in current liabilities:
Accounts payable	(184,042)	42,547
Income taxes payable	11,117	129,346
Accrued liabilities	43,483	82,123
Turnaround expenditures	(258,771)	(471,076)
Other, net	21,640	(22,982)
Net cash provided by operating activities	1,250,394	2,066,571
Cash flows from investing activities:
Additions to properties, plants and equipment	(296,921)	(261,437)
Proceeds from sale of assets	2,275	16,474
Investment in Osage Pipe Line Company, LLC	(6,000)	(4,750)
Distributions from equity method investments in excess of equity earnings	6,043	1,993
Net cash used for investing activities	(294,603)	(247,720)
Cash flows from financing activities:
Borrowings under credit agreements	0	60,000
Repayments under credit agreements	(105,500)	(149,500)
Purchase of treasury stock	(667,340)	(833,623)
Dividends	(290,538)	(258,856)
Distributions to noncontrolling interests	(6,994)	(76,961)
Payments on finance leases	(8,044)	(9,332)
Other, net	(310)	(1)
Net cash used for financing activities	(1,078,726)	(1,268,273)
Effect of exchange rate on cash flow	(1,330)	(893)
Cash and cash equivalents:
Net change for the period	(124,265)	549,685
Cash and cash equivalents at beginning of period	1,353,747	1,665,066
Cash and cash equivalents at end of period	1,229,482	2,214,751
Cash paid during the period for:
Interest	(105,196)	(119,752)
Income taxes, net	(85,960)	(240,347)
Decrease in accrued and unpaid capital expenditures	$ (10,396)	$ (12,187)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Capital	Retained Earnings	Accumulated other comprehensive loss	Treasury Stock	Non-controlling Interest
Common stock outstanding at beginning of period (in shares) at Dec. 31, 2022		223,231,000
Stockholders' equity at beginning of period at Dec. 31, 2022	$ 10,017,572	$ 2,232	$ 6,468,775	$ 4,130,252	$ (22,013)	$ (1,335,431)	$ 773,757
Treasury stock outstanding at beginning of period (in shares) at Dec. 31, 2022						26,152,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,744,551			1,651,849			92,702
Dividends	(258,856)			(258,856)
Other comprehensive income (loss), net of tax	(2,730)				(2,730)
Issuance of common shares under incentive compensation plans (in shares)						(47,000)
Issuance of common shares under incentive compensation plans	0		(2,413)			$ 2,413
Equity-based compensation	$ 26,368		25,280				1,088
Purchase of treasury stock, inclusive of excise tax (in shares)	16,068,774					16,087,000
Purchase of treasury stock, inclusive of excise tax	$ (834,676)					$ (834,676)
Distributions to noncontrolling interest holders	(76,961)						(76,961)
Purchase of HEP units for equity grants	(1)						(1)
Common stock outstanding at end of period (in shares) at Sep. 30, 2023		223,231,000
Stockholders' equity at end of period at Sep. 30, 2023	10,615,267	$ 2,232	6,491,642	5,523,245	(24,743)	$ (2,167,694)	790,585
Treasury stock outstanding at end of period (in shares) at Sep. 30, 2023						42,192,000
Common stock outstanding at beginning of period (in shares) at Jun. 30, 2023		223,231,000
Stockholders' equity at beginning of period at Jun. 30, 2023	10,490,704	$ 2,232	6,480,581	4,815,908	(13,379)	$ (1,576,390)	781,752
Treasury stock outstanding at beginning of period (in shares) at Jun. 30, 2023						30,918,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	825,061			790,922			34,139
Dividends	(83,585)			(83,585)
Other comprehensive income (loss), net of tax	(11,364)				(11,364)
Issuance of common shares under incentive compensation plans (in shares)						(1,000)
Issuance of common shares under incentive compensation plans	0		(43)			$ 43
Equity-based compensation	$ 11,474		11,104				370
Purchase of treasury stock, inclusive of excise tax (in shares)	11,274,917					11,275,000
Purchase of treasury stock, inclusive of excise tax	$ (591,347)					$ (591,347)
Distributions to noncontrolling interest holders	(25,676)						(25,676)
Common stock outstanding at end of period (in shares) at Sep. 30, 2023		223,231,000
Stockholders' equity at end of period at Sep. 30, 2023	10,615,267	$ 2,232	6,491,642	5,523,245	(24,743)	$ (2,167,694)	790,585
Treasury stock outstanding at end of period (in shares) at Sep. 30, 2023						42,192,000
Common stock outstanding at beginning of period (in shares) at Dec. 31, 2023		223,231,000
Stockholders' equity at beginning of period at Dec. 31, 2023	$ 10,237,298	$ 2,232	5,993,661	5,379,182	(11,784)	$ (1,194,201)	68,208
Treasury stock outstanding at beginning of period (in shares) at Dec. 31, 2023	23,235,599					23,236,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 396,021			390,508			5,513
Dividends	(290,538)			(290,538)
Other comprehensive income (loss), net of tax	(7,512)				(7,512)
Issuance of common shares under incentive compensation plans (in shares)						(161,000)
Issuance of common shares under incentive compensation plans	0		(8,263)			$ 8,263
Equity-based compensation	$ 15,835		15,835
Purchase of treasury stock, inclusive of excise tax (in shares)	11,944,177					12,005,000
Purchase of treasury stock, inclusive of excise tax	$ (673,700)					$ (673,700)
Distributions to noncontrolling interest holders	(6,994)						(6,994)
Common stock outstanding at end of period (in shares) at Sep. 30, 2024		223,231,000
Stockholders' equity at end of period at Sep. 30, 2024	$ 9,670,410	$ 2,232	6,001,233	5,479,152	(19,296)	$ (1,859,638)	66,727
Treasury stock outstanding at end of period (in shares) at Sep. 30, 2024	35,079,683					35,080,000
Common stock outstanding at beginning of period (in shares) at Jun. 30, 2024		223,231,000
Stockholders' equity at beginning of period at Jun. 30, 2024	$ 9,957,114	$ 2,232	5,996,600	5,650,373	(27,313)	$ (1,731,960)	67,182
Treasury stock outstanding at beginning of period (in shares) at Jun. 30, 2024						32,416,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(74,081)			(75,944)			1,863
Dividends	(95,277)			(95,277)
Other comprehensive income (loss), net of tax	8,017				8,017
Issuance of common shares under incentive compensation plans (in shares)						(2,000)
Issuance of common shares under incentive compensation plans	0		(117)			$ 117
Equity-based compensation	$ 4,750		4,750
Purchase of treasury stock, inclusive of excise tax (in shares)	2,665,000					2,666,000
Purchase of treasury stock, inclusive of excise tax	$ (127,795)					$ (127,795)
Distributions to noncontrolling interest holders	(2,318)						(2,318)
Common stock outstanding at end of period (in shares) at Sep. 30, 2024		223,231,000
Stockholders' equity at end of period at Sep. 30, 2024	$ 9,670,410	$ 2,232	$ 6,001,233	$ 5,479,152	$ (19,296)	$ (1,859,638)	$ 66,727
Treasury stock outstanding at end of period (in shares) at Sep. 30, 2024	35,079,683					35,080,000

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in USD per share)	$ 0.50	$ 0.45	$ 1.50	$ 1.35

Description of Business and Pre

Description of Business and Presentation of Financial Statements	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Presentation of Financial Statements	Description of Business and Presentation of Financial Statements Description of Business References herein to HF Sinclair, “we,” “our,” “ours,” and “us” refer only to HF Sinclair and its consolidated subsidiaries or to HF Sinclair or an individual subsidiary and not to any other person, with certain exceptions. References herein to Holly Energy Partners, L.P. (“HEP”) with respect to time periods prior to the closing of the HEP Merger Transaction (as defined below) on December 1, 2023 refer to HEP and its consolidated subsidiaries. We are an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and lubricants and specialty products. We own and operate refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah. We provide petroleum product and crude oil transportation, terminalling, storage and throughput services to our refineries and the petroleum industry. We market our refined products principally in the Southwest United States, the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states and we supply high-quality fuels to more t han 1,500 branded stations and license the use of the Sinclair brand at more than 300 additional locations throughout the country. We produce renewable diesel at two of our facilities in Wyoming and our facility in New Mexico. In addition, our subsidiaries produce and market base oils and other specialized lubricants in the United States, Canada and the Netherlands, and export products to more than 80 countries. Basis of Presentation The interim consolidated financial statements are unaudited. In management’s opinion, these consolidated financial statements include all normal recurring adjustments necessary for a fair presentation of our consolidated financial position as of September 30, 2024, the consolidated statements of operations, comprehensive income and equity for the three and nine months ended September 30, 2024 and 2023, and consolidated statements of cash flows for the nine months ended September 30, 2024 and 2023 have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Although certain notes and other information required by generally accepted accounting principles in the United States (“GAAP”) have been omitted, we believe that the disclosures in these consolidated financial statements are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2023, which were recast to reflect changes in our reportable segments as described in Note 16 hereto, and are included in Exhibit 99.1 to the Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 filed on May 8, 2024. HEP Merger On December 1, 2023, pursuant to the Agreement and Plan of Merger, dated as of August 15, 2023 (the “Merger Agreement”), by and among HEP, HF Sinclair, Navajo Pipeline Co., L.P., a Delaware limited partnership and an indirect wholly owned subsidiary of HF Sinclair (“HoldCo”), Holly Apple Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of HoldCo (“Merger Sub”), HEP Logistics Holdings, L.P., a Delaware limited partnership and the general partner of HEP (“HLH”), and Holly Logistic Services, L.L.C., a Delaware limited liability company and the general partner of HLH (the “General Partner”), Merger Sub merged with and into HEP, with HEP surviving as an indirect, wholly owned subsidiary of HF Sinclair (the “HEP Merger Transaction”). 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. The Merger Agreement consideration totaled $267.6 million in cash and resulted in the issuance of 21,072,326 shares of HF Sinclair common stock from treasury stock. The HEP Merger Transaction was accounted for in accordance with Financial Accounting Standards Board Accounting Standards Codification ( “ ASC ” ) 810, “ Consolidation. ” Since we controlled HEP both before and after the HEP Merger Transaction, the changes in our ownership interest in HEP resulting from the HEP Merger Transaction were accounted for as an equity transaction, and no gain or loss was recognized in our consolidated statements of operations. The tax effects of the HEP Merger Transaction were recorded as adjustments to Deferred income taxes and Additional capital consistent with ASC 740, “Income Taxes.” For a description of our existing indebtedness, as well as associated changes in connection with the HEP Merger Transaction, see Note 11. Accounting Pronouncements - Not Yet Adopted In November 2023, Accounting Standards Update (“ASU”) 2023-07, “Improvements to Reportable Segment Disclosures” was issued. ASU 2023-07 requires, among other updates, enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker, as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. This aims to provide more decision-useful information to stakeholders by giving a clearer picture of the costs incurred by each reportable segment. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective adoption. Early adoption is permitted. The adoption of ASU 2023-07 will not affect our financial position or our results of operations, but will result in additional disclosures for annual periods beginning with our fiscal year ending December 31, 2024 and for interim periods thereafter.

Cushing Connect Joint Venture

Cushing Connect Joint Venture	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Cushing Connect Joint Venture	Cushing Connect Joint Venture In 2019, HEP Cushing LLC (“HEP Cushing”), then a wholly owned subsidiary of HEP and now a wholly owned subsidiary of HF Sinclair, and Plains Marketing, L.P., a wholly owned subsidiary of Plains All American Pipeline, L.P. (“Plains”), formed a 50/50 joint venture, Cushing Connect Pipeline & Terminal LLC (“Cushing Connect”), for (i) the development, construction, ownership and operation of a new 160,000 barrel per day common carrier crude oil pipeline (the “Cushing Connect Pipeline”) that connects the Cushing, Oklahoma crude oil hub to our Tulsa refineries and (ii) the ownership and operation of 1.5 million barrels of crude oil storage in Cushing, Oklahoma (the “Cushing Connect Terminal”). Cushing Connect entered into a contract with an affiliate of HEP, now a subsidiary of HF Sinclair, to manage the operation of the Cushing Connect Pipeline and with an affiliate of Plains to manage the operation of the Cushing Connect Terminal. The total investment in Cushing Connect was generally shared proportionately among the partners. However, HEP was solely responsible for any Cushing Connect Pipeline construction costs that exceeded the budget by more than 10%. Cushing Connect and its two subsidiaries (the “Cushing Connect Entities”), are variable interest entities (“VIE”) as defined under GAAP. A VIE is a legal entity whose equity owners do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or, as a group, the equity holders lack the power, through voting rights, to direct the activities that most significantly impact the entity’s financial performance, the obligation to absorb the entity’s expected losses or rights to expected residual returns. The Cushing Connect Entities are VIEs because they did not originally have sufficient equity at risk to finance their activities without additional financial support. We are the primary beneficiary of two of these entities as HEP constructed and operates the Cushing Connect Pipeline, and we have more ability to direct the activities that most significantly impact the financial performance of Cushing Connect and the Cushing Connect Pipeline. Therefore, we consolidate Cushing Connect and the related Cushing Connect Pipeline subsidiary. We are not the primary beneficiary of the Cushing Connect Terminal, which we account for using the equity method of accounting. Our maximum exposure to loss as a result of our involvement with Cushing Connect Terminal is not expected to be material due to the long-term terminalling agreements in place to support operations. With the exception of the assets of HEP Cushing, creditors of the Cushing Connect Entities have no recourse to our assets. Any recourse to HEP Cushing would be limited to the extent of HEP Cushing’s assets, which other than its investment in Cushing Connect, are not significant. Furthermore, our creditors have no recourse to the assets of the Cushing Connect Entities. The most significant assets of Cushing Connect and the Cushing Connect Pipeline that are available to settle only their obligations, along with their most significant liabilities for which their creditors do not have recourse to our general credit, were: September 30, 2024 December 31, 2023 (In thousands) Cash and cash equivalents $ 1,919 $ 1,536 Properties, plants and equipment, at cost $ 102,977 $ 102,936 Less: accumulated depreciation $ (10,681) $ (8,022) Intangibles and other $ 29,842 $ 32,473

Revenues

Revenues	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Substantially all revenue-generating activities relate to sales of refined products, branded fuel, lubricants and specialty products, renewable diesel and excess crude oil inventories that are sold at market prices (variable consideration) under contracts with customers. Additionally, we have revenues attributable to our logistics services provided under petroleum product and crude oil pipeline transportation, processing, storage and terminalling agreements with third parties. Disaggregated revenues were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands) Revenues by type: Refined product revenues Transportation fuels (1) $ 4,480,825 $ 5,737,557 $ 14,114,991 $ 14,970,620 Lubricants and specialty products (2) 609,772 612,817 1,868,156 1,928,054 Asphalt, fuel oil and other products (3) 540,179 576,274 1,592,455 1,589,133 Total refined product revenues 5,630,776 6,926,648 17,575,602 18,487,807 Excess crude oil revenues (4) 360,347 440,851 1,064,239 1,773,498 Renewable diesel revenues (5) 194,110 213,144 563,916 590,620 Transportation and logistics services 27,753 29,073 77,946 85,322 Marketing revenues (6) 950,050 1,259,205 2,668,219 3,237,523 Other revenues (7) 44,104 36,550 130,194 129,489 Total sales and other revenues $ 7,207,140 $ 8,905,471 $ 22,080,116 $ 24,304,259 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands) Refined product revenues by market: United States: Mid-Continent $ 2,201,377 $ 2,598,477 $ 6,827,071 $ 6,882,470 Southwest 931,098 1,117,275 2,989,695 2,840,563 Rocky Mountains 1,959,195 2,653,603 6,103,557 7,059,200 Northeast 209,394 236,010 641,463 733,609 Canada 266,653 261,841 810,701 767,517 Europe, Asia and Latin America 63,059 59,442 203,115 204,448 Total refined product revenues $ 5,630,776 $ 6,926,648 $ 17,575,602 $ 18,487,807 (1) Transportation fuels revenues are attributable to our Refining segment’s wholesale marketing of gasoline, diesel and jet fuel. (2) Lubricants and specialty products consist of base oil, waxes, finished lubricants and other specialty fluids. (3) Revenues from asphalt, fuel oil and other products include amounts attributable to our Refining and Lubricants & Specialties segments of $471.6 million and $68.5 million, respectively, for the three months ended September 30, 2024, $1,381.8 million and $210.7 million, respectively, for the nine months ended September 30, 2024, $504.3 million and $72.0 million, respectively, for the three months ended September 30, 2023, and $1,413.3 and $175.8 million, respectively, for the nine months ended September 30, 2023. (4) Excess crude oil revenues represent sales of purchased crude oil inventory that at times exceeds the supply needs of our refineries. (5) Renewable diesel revenues are principally attributable to our Renewables segment. (6) Marketing revenues consist primarily of branded gasoline and diesel fuel. (7) Other revenues are principally attributable to our Refining segment. Our consolidated balance sheets reflect contract liabilities related to unearned revenues attributable to future service obligations under our third-party transportation agreements and production agreements from our Sonneborn operation s. The following table present s changes to our contract liabilities: Nine Months Ended September 30, 2024 2023 (In thousands) Balance at January 1 $ 7,533 $ 10,722 Increase 17,145 15,216 Recognized as revenue (17,191) (17,925) Balance at September 30 $ 7,487 $ 8,013 As of September 30, 2024, we have long-term contracts with customers that specify minimum volumes of gasoline, diesel and lubricants and specialty products to be sold ratably at market prices through 2034. F uture prices are subject to market fluctuations and therefore, we have elected the exemption to exclude variable consideration under these contracts under ASC 606-10-50-14A. Aggregate minimum volumes expected to be sold (future performance obligations) under our long-term product sales contracts with customers are as follows: Contractual Minimum Remainder of 2024 2025 2026 Thereafter Total (In thousands) Refined product sales volumes (barrels) 8,586 28,272 19,857 49,954 106,669 Additionally, we have long-term contracts with third-party customers that specify minimum volumes of product to be transported through our pipelines and terminals that result in fixed-minimum annual revenues throug h 2033. Annual minimum revenues attributable to our third-party contracts as of September 30, 2024, are presented below: Contractual Minimum Remainder of 2024 2025 2026 Thereafter Total (In thousands) Midstream operations revenues $ 5,213 $ 11,242 $ 7,782 $ 43,308 $ 67,545

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value measurements are derived using inputs (assumptions that market participants would use in pricing an asset or liability, including assumptions about risk). GAAP categorizes inputs used in fair value measurements into three broad levels as follows: • (Level 1) Quoted prices in active markets for identical assets or liabilities. • (Level 2) Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, similar assets and liabilities in markets that are not active or can be corroborated by observable market data. • (Level 3) Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes valuation techniques that involve significant unobservable inputs. The carrying amounts of derivative instruments and RINs credit obligations at September 30, 2024 and December 31, 2023 were as follows: Fair Value by Input Level Carrying Amount Level 1 Level 2 Level 3 (In thousands) September 30, 2024 Assets: NYMEX futures contracts $ 840 $ 840 $ — $ — Commodity forward contracts 72 — 72 — Total assets $ 912 $ 840 $ 72 $ — Liabilities: Commodity price swaps $ 674 $ — $ 674 $ — Commodity forward contracts 21 — 21 — Foreign currency forward contracts 4,270 — 4,270 — RINs credit obligations (1) 27,471 — 27,471 — Total liabilities $ 32,436 $ — $ 32,436 $ — Fair Value by Input Level Carrying Amount Level 1 Level 2 Level 3 (In thousands) December 31, 2023 Assets: NYMEX futures contracts $ 836 $ 836 $ — $ — Commodity forward contracts 2,908 — 2,908 — Total assets $ 3,744 $ 836 $ 2,908 $ — Liabilities: Commodity price swaps $ 7,808 $ — $ 7,808 $ — Commodity forward contracts 1,848 — 1,848 — Foreign currency forward contracts 7,893 — 7,893 — Total liabilities $ 17,549 $ — $ 17,549 $ — (1) Represent obligations for RINs credits for which we did not have sufficient quantities at September 30, 2024 to satisfy our Environmental Protection Agency (“EPA”) regulatory blending requirements. Level 1 Fair Value Measurements Our New York Mercantile Exchange (“NYMEX”) futures contracts are exchange-traded and are measured and recorded at fair value using quoted market prices, a Level 1 input. Level 2 Fair Value Measurements Derivative instruments consisting of foreign currency forward contracts, commodity price swaps and forward sales and purchase contracts are measured and recorded at fair value using Level 2 inputs. The fair value of the commodity price swap contracts is based on the net present value of expected future cash flows related to both variable and fixed rate legs of the respective swap agreements. The measurements are computed using market-based observable input and quoted forward commodity prices with respect to our commodity price swaps. The fair value of the forward sales and purchase contracts is computed using quoted forward commodity prices. The fair value of foreign currency forward contracts is based on values provided by a third party, which were derived using market quotes for similar type instruments, a Level 2 input. RINs credit obligations are valued based on quoted prices from an independent pricing service.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share is calculated as Net income (loss) attributable to HF Sinclair stockholders , adjusted for participating securities’ share in earnings divided by the average number of shares of common stock outstanding. Diluted earnings (loss) per share includes the incremental shares resulting from certain share-based awards. The following is a reconciliation of the denominators of the basic and diluted per share computations for net income attributable to HF Sinclair stockholders: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except per share data) Net income (loss) attributable to HF Sinclair stockholders $ (75,944) $ 790,922 $ 390,508 $ 1,651,849 Participating securities’ share in earnings (1) 526 7,188 2,255 14,340 Net income (loss) attributable to common shares $ (76,470) $ 783,734 $ 388,253 $ 1,637,509 Average number of shares of common stock outstanding 189,840 185,456 193,341 191,047 Average number of shares of common stock outstanding assuming dilution 189,840 185,456 193,341 191,047 Basic earnings (loss) per share $ (0.40) $ 4.23 $ 2.01 $ 8.57 Diluted earnings (loss) per share $ (0.40) $ 4.23 $ 2.01 $ 8.57 (1) Unvested restricted stock unit awards and unvested performance share units that settle in HF Sinclair common stock represent participating securities because they participate in nonforfeitable dividends or distributions with the common stockholders of HF Sinclair. Participating earnings represent the distributed and undistributed earnings of HF Sinclair attributable to the participating securities. Unvested restricted stock unit awards and performance share units do not participate in undistributed net losses as they are not contractually obligated to do so.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation We have a principal share-based compensation plan, the HF Sinclair Corporation Amended and Restated 2020 Long Term Incentive Plan (the “2020 Plan”). The 2020 Plan provides for the grant of unrestricted and restricted stock, restricted stock units, other stock-based awards, stock options, performance awards, substitute awards, cash awards and stock appreciation rights. The restricted stock unit awards generally vest over a period of one The compensation cost for these plans was $4.5 million and $12.8 million for the three months ended September 30, 2024 and 2023 , respectively, and $16.1 million and $27.4 million for the nine months ended September 30, 2024 and 2023, respectively. Additionally, prior to the HEP Merger Transaction, HEP maintained an equity-based compensation plan for the General Partner’s non-employee directors and certain executives and employees. Compensation costs attributable to HEP’s equity-based compensation plan were $0.4 million and $1.1 million for the three and nine months ended September 30, 2023, respectively. A summary of restricted stock units and performance share units activity during the nine months ended September 30, 2024, is presented below: Restricted Stock Units Performance Share Units Outstanding at January 1, 2024 1,102,755 485,531 Granted (1) 21,421 3,093 Vested (158,927) (1,859) Forfeited (227,804) (80,074) Outstanding at September 30, 2024 737,445 406,691 (1) Weighted average grant date fair value per unit. $ 49.19 $ 51.22

Inventories

Inventories	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components: September 30, 2024 December 31, 2023 (In thousands) Crude oil $ 763,486 $ 858,411 Other raw materials and unfinished products (1) 699,643 683,066 Finished products (2) 1,260,686 1,435,817 Lower of cost or market reserve (311,384) (331,570) Crude oil and refined products 2,412,431 2,645,724 Process chemicals (3) 44,701 50,917 Repair and maintenance supplies and other (4) 230,548 225,190 Materials, supplies and other 275,249 276,107 Total inventories $ 2,687,680 $ 2,921,831 (1) Other raw materials and unfinished products include feedstocks and blendstocks, other than crude. (2) Finished products include gasolines, jet fuels, diesels, renewable diesels, lubricants, asphalts, LPG’s and residual fuels. (3) Process chemicals include additives and other chemicals. (4) Includes RINs. Our Refining segment inventories that are valued at the lower of last-in, first out (“LIFO”) cost or market reflect a valuation reserve of $198.8 million and $220.6 million at September 30, 2024 and December 31, 2023, respectively. A new market reserve of $198.8 million as of September 30, 2024 was based on market conditions and prices at that time. The effect of the change in the lower of cost or market reserve was an increase to Cost of sales totaling $198.8 million for the three months ended September 30, 2024 and a decrease of $21.8 million for the nine months ended September 30, 2024. The June 30, 2023 market reserve of $26.8 million reversed resulting in a decrease to Cost of sales totaling $26.8 million for the three months ended September 30, 2023. Our Renewables segment inventories that are valued at the lower of LIFO cost or market reflect a valuation reserve of $112.6 million and $111.0 million at September 30, 2024 and December 31, 2023, respectively. A new market reserve of $112.6 million as of September 30, 2024 was based on market conditions and prices at that time. The effect of the change in the lower of cost or market reserve was an increase to Cost of sales totaling $3.5 million for the three months ended September 30, 2024 and a decrease to Cost of sales totaling $17.0 million for the three months ended September 30, 2023. The effect of the change in the lower of cost or market reserve was an increase to Cost of sales totaling $1.6 million for the nine months ended September 30, 2024 and a decrease to Cost of sales totaling $4.1 million for the nine months ended September 30, 2023 .

Accrued Liabilities and Other L

Accrued Liabilities and Other Long-Term Liabilities	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Accrued Liabilities and Other Long-Term Liabilities	Accrued Liabilities and Other Long-Term Liabilities Accrued liabilities consist of the following: September 30, 2024 December 31, 2023 (In thousands) Accrued interest expense $ 56,370 $ 38,251 Accrued taxes other than income 45,916 29,172 Derivatives 4,965 17,549 Environmental liabilities 27,216 34,002 Precious metal financing 34,872 37,009 Right-of-use (“ROU”) financing lease liabilities 10,767 10,842 Wage and other employee-related liabilities 154,634 84,565 Environmental credit obligations 41,567 6,400 Other 122,411 195,255 Total accrued liabilities $ 498,718 $ 453,045 Other long-term liabilities consist of the following: September 30, 2024 December 31, 2023 (In thousands) Environmental liabilities $ 160,169 $ 161,375 ROU financing lease liabilities 71,343 74,860 Other 186,665 182,491 Total other long-term liabilities $ 418,177 $ 418,726

Environmental

Environmental	9 Months Ended
	Sep. 30, 2024
Environmental Expense and Liabilities [Abstract]
Environmental	Environmental Environmental costs are charged to Operating expenses if they relate to an existing condition caused by past operations and do not contribute to current or future revenue generation. We have ongoing investigations of environmental matters at various locations and routinely assess our recorded environmental obligations, if any, with respect to such matters. Liabilities are recorded when site restoration, environmental remediation, cleanup and other obligations are known or considered probable and can be reasonably estimated. Such estimates are undiscounted and require judgment with respect to costs, time frame and extent of required remedial and cleanup activities and are subject to periodic adjustments based on currently available information. Recoveries of environmental costs through insurance, indemnification arrangements or other sources are included in Other assets to the extent such recoveries are considered probable. We incurred expenses of $3.2 million and $1.6 million for the three months ended September 30, 2024 and 2023 , respectively, and $5.6 million and $17.1 million for the nine months ended September 30, 2024 and 2023, respectively, for environmental remediation obligations. The accrued environmental liability reflected on our consolidated balance sheets was $187.4 million and $195.4 million at September 30, 2024 and December 31, 2023, respectively, of which $160.2 million and $161.4 million, respectively, were classified as Other long-term liabilities . These accruals include remediation and monitoring costs expected to be incurred over an extended period of time. Estimated liabilities could increase in the future when the results of ongoing investigations become known, are considered probable and can be reasonably estimated.

Taxes

Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Taxes	Taxes For the nine months ended September 30, 2024, we recorded income tax expense of $52.2 million compared to $480.6 million for the nine months ended September 30, 2023. This decrease was principally due to lower pre-tax income during the nine months ended September 30, 2024, compared to the same period of 2023. Our effective tax rates were 11.6% and 21.6% for the nine months ended September 30, 2024 and 2023, respectively. The difference between the U.S. federal statutory rate and the effective tax rate for the nine months ended September 30, 2024 is primarily due to the relationship between pre-tax results and non-taxable permanent differences. The difference in the U.S. federal statutory rate and the effective tax rate for the nine months ended September 30, 2023 was primarily due to the impact of federal tax credits and the relationship between pre-tax results and the earnings attributable to the noncontrolling interest that is not included in income for tax purposes.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt HF Sinclair and HEP Credit Agreements We have a $1.65 billion senior unsecured revolving credit facility m aturing in April 2026 (the “HF Sinclair Credit Agreement”). The HF Sinclair Credit Agreement may be used for revolving credit loans and letters of credit from time to time and is available to fund general corporate purposes. At September 30, 2024, we were in compliance with all covenants, had no outstanding borrowings and had outstanding letters of credit totaling $0.2 million under the HF Sinclair Credit Agreement. Additionally, our wholly owned subsidiary, HEP, has a $1.2 billion seni or secured revolving credit facility maturing in July 2025 (the “HEP Credit Agreement” and, together with the HF Sinclair Credit Agreement, the “Credit Agreements”). In connection with the consummation of the HEP Merger Transaction, we amended the HEP Credit Agreement to, among other things, (a) provide a guaranty from us and terminate all guaranties from subsidiaries of HEP, (b) amend the definition of “Investment Grade Rating” (as defined in the HEP Credit Agreement) to reference the credit rating of our senior unsecured indebtedness, (c) eliminate the requirement to deliver separate audited and unaudited financial statements for HEP and its subsidiaries and only provide certain segment-level reporting for HEP with any compliance certificate delivered in accordance with the HEP Credit Agreement and (d) amend certain covenants to eliminate certain restrictions on (i) amendments to intercompany contracts, (ii) transactions with us and our subsidiaries and (iii) investments in and contributions, dividends, transfers and distributions to us and our subsidiaries. The HEP Credit Agreement is available to fund capital expenditures, investments, acquisitions, distribution payments, working capital and for general corporate purposes. It is also available to fund letters of credit up to a $50 million sub-limit and has an accordion feature that allows us to increase the commitments under the HEP Credit Agreement up to a maximum amount of $1.7 billion. At September 30, 2024, we were in compliance with all of its covenants, had outstanding borrowings of $350.0 million an d no outstanding letters of credit under the HEP Credit Agreement. Indebtedness under the Credit Agreements bears interest, at our option, for borrowings in U.S. dollars at either (a) a base rate equal to the sum of (1) the highest of (i) the prime rate (as publicly announced from time to time by the applicable administrative agent), (ii) the Federal Funds Effective Rate (as defined in the HF Sinclair Credit Agreement and as defined as the “Federal Funds Rate” in the HEP Credit Agreement) plus 0.5%, and (iii) Spread Adjusted Term SOFR (as defined in the HF Sinclair Credit Agreement and as defined as “Adjusted Term SOFR” in the HEP Credit Agreement) for a one-month interest period plus 1%, plus (2) an applicable margin for base rate loans ranging from 0.25% to 1.125%, or (b) the sum of (1) Spread Adjusted Term SOFR (as defined in the HF Sinclair Credit Agreement and as defined as “Adjusted Term SOFR” in the HEP Credit Agreement) for the applicable interest period, plus (2) an applicable margin for term SOFR loans ranging from 1.25% to 2.125%. The HF Sinclair Credit Agreement allows for borrowings in Sterling and Euros with similar interest rates. In each case and each Credit Agreement, the applicable margin is based on HF Sinclair’s debt rating assigned by Standard & Poor’s Rating Services and Moody’s Investors Service, Inc. The weighted average interest rate in effect under the HEP Credit Agreement on our borrowings was 6.58% as of September 30, 2024. During the nine months ended September 30, 2024, we had net repayments of $105.5 million under the HEP Credit Agreement. Restricted HF Sinclair Senior Notes Exchange On December 4, 2023, we completed our offers to exchange any and all outstanding HEP 5.000% senior notes maturing February 2028 (the “HEP 5.000% Senior Notes”) and HEP 6.375% senior notes maturing April 2027 (the “HEP 6.375% Senior Notes” and, together with the HEP 5.000% Senior Notes, the “HEP Senior Notes”) for HF Sinclair 5.000% senior notes maturing February 2028 (the “HF Sinclair 5.000% Senior Notes”) and HF Sinclair 6.375% senior notes maturing April 2027 (the “HF Sinclair 6.375% Senior Notes” and, together with the HF Sinclair 5.000% Senior Notes, the “Restricted HF Sinclair Senior Notes”) to be issued by HF Sinclair with registration rights and cash. In connection with the exchange offers, we amended the indenture governing the HEP Senior Notes to eliminate (i) substantially all of the restrictive covenants, (ii) certain of the events which may lead to an “Event of Default,” (iii) the SEC reporting covenant and (iv) the requirement of HEP to offer to purchase the HEP Senior Notes upon a change of control. The Restricted HF Sinclair Senior Notes were issued in exchange for the HEP Senior Notes pursuant to a private exchange offer exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). This exchange was part of a broader corporate strategy, including the HEP Merger Transaction. On May 10, 2024, HF Sinclair filed a registration statement, as amended, which was declared effective on August 5, 2024, to exchange the Restricted HF Sinclair Senior Notes for an equal principal amount of each respective series of the Restricted HF Sinclair Senior Notes (such notes offered in exchange, the “Registered HF Sinclair Senior Notes”). The Registered HF Sinclair Senior Notes are substantially identical to the Restricted HF Sinclair Senior Notes in all material respects except the Registered HF Sinclair Senior Notes are registered under the Securities Act and are not subject to restrictions on transfer or to any increase in annual interest rate for failure to comply with the Registration Rights Agreement, dated December 4, 2023, and do not have the registration rights applicable to the Restricted HF Sinclair Senior Notes. On September 5, 2024, HF Sinclair completed its offers to exchange the Restricted HF Sinclair Senior Notes for the Registered HF Sinclair Senior Notes. The Registered HF Sinclair Senior Notes are unsecured and unsubordinated obligations of ours and rank equally with all our other existing and future unsecured and unsubordinated indebtedness. Each series of the Registered HF Sinclair Senior Notes has the same interest rate, interest payment dates, maturity date and redemption terms as the corresponding series of Restricted HF Sinclair Senior Notes. Senior Notes Our unsecured senior notes and unsubordinated obligations (as set forth in the table below under “HF Sinclair Financing Arrangements”) rank equally with all future unsecured and unsubordinated indebtedness. Further, we may from time to time seek to retire some or all of our outstanding debt agreements through cash purchases, and/or exchanges, open market purchases, privately negotiated transactions, tender offers or otherwise. Such transactions, if any, may be material and will depend on prevailing market conditions, our liquidity requirements and other factors. HF Sinclair Financing Arrangements Certain of our wholly owned subsidiaries entered into financing arrangements whereby such subsidiaries sold a portion of their precious metals catalyst to a financial institution in exchange for cash and then financed the use of the precious metals catalyst for a term not to exceed one year. The volume of the precious metals catalyst and the interest rate are fixed over the term of each agreement, and the payments are recorded as Interest expense . Upon maturity of the financing arrangement, we must either satisfy the obligation at fair market value or refinance to extend the maturity. These financing arrangements are recorded at a Level 2 fair value totaling $34.4 million and $37.0 million at September 30, 2024 and December 31, 2023, respectively, and are included in Accrued liabilities on our consolidated balance sheets. See Note 4 for additional information on Level 2 inputs. HF Sinclair may, from time to time, issue letters of credit pursuant to uncommitted letters of credit facilities with its lenders. At September 30, 2024, there were no letters of credit outstanding under such credit facilities. The principal and carrying amounts of Long-term debt are as follows: Carrying Amount (1) Maturity Date September 30, 2024 December 31, 2023 HollyFrontier Corporation Senior Notes: 5.875% Senior Notes April 2026 $ 202,900 $ 202,900 4.500% Senior Notes October 2030 74,966 74,966 277,866 277,866 HF Sinclair Senior Notes: 5.875% Senior Notes April 2026 797,100 797,100 6.375% Senior Notes April 2027 399,875 399,875 5.000% Senior Notes February 2028 498,879 498,879 4.500% Senior Notes October 2030 325,034 325,034 2,020,888 2,020,888 HEP Senior Notes: 6.375% Senior Notes April 2027 125 125 5.000% Senior Notes February 2028 1,121 1,121 1,246 1,246 Total Senior Notes 2,300,000 2,300,000 HEP Credit Agreement July 2025 350,000 455,500 HF Sinclair Credit Agreement April 2026 — — Total Credit Agreements 350,000 455,500 Less current debt (2) (350,000) — Unamortized discount and debt issuance costs (13,195) (16,417) Total long-term debt, net $ 2,286,805 $ 2,739,083 (1) As of September 30, 2024 and December 31, 2023, the carrying amounts of our Senior Notes equaled the principal amounts. (2) The HEP Credit Agreement matures in July 2025 and is classified as Current debt on our consolidated balance sheets as of September 30, 2024. The fair values of the senior notes are as follows: September 30, 2024 December 31, 2023 (In thousands) HollyFrontier Corporation, HF Sinclair and HEP Senior Notes $ 2,310,949 $ 2,271,856 These fair values are based on a Level 2 input. See Note 4 for additional information on Level 2 inputs. We capitalized $1.2 million and $1.1 million for the three months ended September 30, 2024 and 2023, respectively, and $2.7 million and $3.5 million for the nine months ended September 30, 2024 and 2023, respectively, of interest attributable to construction projects.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Commodity Price Risk Management Our primary market risk is commodity price risk. We are exposed to market risks related to the volatility in the price of crude oil and refined products, as well as volatility in the price of natural gas used in our refining operations. We periodically enter into derivative contracts in the form of commodity price swaps, collar contracts, forward contracts and futures contracts to mitigate price exposure with respect to our inventory positions, natural gas purchases, sales prices of refined products and crude oil costs. Foreign Currency Risk Management We are exposed to market risk related to the volatility in foreign currency exchange rates. We periodically enter into derivative contracts in the form of foreign exchange forward contracts to mitigate the exposure associated with fluctuations on intercompany notes with our foreign subsidiaries that are not denominated in the U.S. dollar. Accounting Hedges We periodically have swap contracts to lock in basis spread differentials on forecasted purchases of crude oil and forward sales contracts that lock in the prices of future sales of crude oil and refined product. These contracts have been designated as accounting hedges and are measured at fair value with offsetting adjustments (gains/losses) recorded directly to other comprehensive income (“OCI”). These fair value adjustments are later reclassified to earnings as the hedging instruments mature. The following tables present the pre-tax effect on OCI and earnings due to fair value adjustments and maturities of hedging instruments under hedge accounting: Net Unrealized Gain Loss Reclassified Derivatives Designated as Cash Flow Hedging Instruments Three Months Ended September 30, Statement of Operations Location Three Months Ended September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Commodity contracts $ 456 $ — Sales and other revenues $ (518) $ (3,506) Total $ 456 $ — $ (518) $ (3,506) Net Unrealized Loss Loss Reclassified Derivatives Designated as Cash Flow Hedging Instruments Nine Months Ended September 30, Statement of Operations Location Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Commodity contracts $ — $ — Sales and other revenues $ (5,110) $ (3,236) Total $ — $ — $ (5,110) $ (3,236) Economic Hedges We have commodity contracts, including NYMEX futures contracts, to lock in prices on forecasted inventory purchases and sales. We have basis swap contracts to mitigate exposure to natural gas price volatility. We periodically have forward purchase and sale contracts to lock in basis spread differentials on forecasted crude oil and refined products purchases. We periodically use collar contracts to mitigate exposure to natural gas price volatility; these contracts serve as economic hedges (derivatives used for risk management but not designated as accounting hedges). We also have forward currency contracts to fix the rate of foreign currency. In addition, our precious metals catalyst financing arrangements discussed in Note 11 could require repayment under certain conditions based on the future pricing of platinum, which is an embedded derivative. These contracts are measured at fair value with offsetting adjustments (gains/losses) recorded directly to earnings. The following table presents the pre-tax effect on income due to maturities and fair value adjustments of our economic hedges: Gain (Loss) Recognized in Earnings Derivatives Not Designated as Hedging Instruments Statement of Operations Location Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands) Commodity contracts Cost of materials and other $ 14,978 $ (29,041) $ (4,149) $ (9,139) Operating expenses (1,059) 3,304 (2,937) (7,106) Interest expense 1,201 133 (29) 5,053 Foreign currency contracts Gain on foreign currency transactions (4,145) 10,185 9,526 1,583 Total $ 10,975 $ (15,419) $ 2,411 $ (9,609) As of September 30, 2024, we have the following notional contract volumes related to outstanding derivative instruments: Notional Contract Volumes Total Outstanding Notional 2024 2025 Unit of Measure Derivatives Not Designated as Hedging Instruments: NYMEX futures (WTI) - short 1,400,000 1,400,000 — Barrels Forward gasoline and diesel contracts - long 60,000 60,000 — Barrels Foreign currency forward contracts 383,114,375 102,186,063 280,928,312 U.S. dollar Forward commodity contracts (platinum) 34,628 2,047 32,581 Troy ounces Natural gas price swaps (basis spread) - long 1,104,000 1,104,000 — MMBTU The following tables present the fair value and the locations of our outstanding derivative instruments in the consolidated balance sheets. These amounts are presented on a gross basis with offsetting balances that reconcile to a net asset or liability position in our consolidated balance sheets. We present on a net basis to reflect the net settlement of these positions in accordance with provisions of our master netting arrangements. Derivatives in Net Asset Position Derivatives in Net Liability Position Gross Assets Gross Liabilities Offset in Balance Sheet Net Assets Recognized in Balance Sheet Gross Liabilities Gross Assets Offset in Balance Sheet Net Liabilities Recognized in Balance Sheet (In thousands) September 30, 2024 Derivatives not designated as cash flow hedging instruments: NYMEX futures contracts $ 840 $ — $ 840 $ — $ — $ — Commodity price swap contracts — — — 674 — 674 Commodity forward contracts 72 — 72 21 — 21 Foreign currency forward contracts — — — 4,950 (680) 4,270 $ 912 $ — $ 912 $ 5,645 $ (680) $ 4,965 Total net balance $ 912 $ 4,965 Balance sheet classification: Prepayments and other $ 912 Accrued liabilities $ 4,965 Derivatives in Net Asset Position Derivatives in Net Liability Position Gross Assets Gross Liabilities Offset in Balance Sheet Net Assets Recognized in Balance Sheet Gross Liabilities Gross Assets Offset in Balance Sheet Net Liabilities Recognized in Balance Sheet (In thousands) December 31, 2023 Derivatives not designated as cash flow hedging instruments: NYMEX futures contracts $ 836 $ — $ 836 $ — $ — $ — Commodity price swap contracts — — — 7,808 — 7,808 Commodity forward contracts 2,908 — 2,908 1,848 — 1,848 Foreign currency forward contracts — — — 7,893 — 7,893 $ 3,744 $ — $ 3,744 $ 17,549 $ — $ 17,549 Total net balance $ 3,744 $ 17,549 Balance sheet classification: Prepayments and other $ 3,744 Accrued liabilities $ 17,549

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Stockholders' Equity	Stockholders ’ Equity On May 7, 2024, our Board of Directors approved a new $1.0 billion share repurchase program (the “May 2024 Share Repurchase Program”), which replaced all existing share repurchase programs, including the approximately $214.2 million remaining under the share repurchase program approved by our Board of Directors in August 2023 . The May 2024 Share Repurchase Program authorizes us to repurchase common stock in the open market or through privately negotiated transactions. Privately negotiated repurchases from REH are also authorized under the May 2024 Share Repurchase Program, subject to REH’s interest in selling its shares and other limitations. The timing and amount of share repurchases, including those from REH, will depend on market conditions and corporate, tax, regulatory and other relevant considerations. In addition, we are authorized by our Board of Directors to repurchase shares in an amount sufficient to offset shares issued under our compensation programs. The May 2024 Share Repurchase Program may be discontinued at any time by our Board of Directors. The following table presents the total open market and privately negotiated purchases of shares under our share repurchase programs for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except share data) Number of shares repurchased (1) 2,665,000 11,274,917 11,944,177 16,068,774 Cash paid for shares repurchased $ 126,456 $ 585,574 $ 663,684 $ 825,897 (1) During the nine months ended September 30, 2024, 7,864,761 shares were repurchased for $456.1 million, pursuant to privately negotiated repurchases from REH Company. No such privately negotiated repurchases were made during the three months ended September 30, 2024. During the three and nine months ended September 30, 2023, 11,274,917 and 13,244,196 shares were repurchased for $585.6 million and $685.6 million, respectively, pursuant to privately negotiated repurchases from REH Company. As of September 30, 2024, we had remaining authorization to repurchase up to $798.5 million under the May 2024 Share Repurchase Program. During the nine months ended September 30, 2024 and 2023, we withheld 60,116 and 18,648 shares, respectively, of our common stock under the terms of stock-based compensation agreements to provide funds for the payment of payroll and income taxes due at the vesting of share-based awards. On October 31, 2024, our Board of Directors announced that it declared a regular quarterly dividend in the amount of $0.50 per share, payable on December 4, 2024 to holders of record of common stock on November 21, 2024.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2024
Other Comprehensive Income (Loss), before Tax [Abstract]
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) The components and allocated tax effects of other comprehensive income (loss) are as follows: Before-Tax Tax Expense After-Tax (In thousands) Three Months Ended September 30, 2024 Net change in foreign currency translation adjustment $ 10,188 $ 2,136 $ 8,052 Net unrealized gain on hedging instruments 456 110 346 Net change in pension and other post-retirement benefit obligations (490) (109) (381) Other comprehensive income attributable to HF Sinclair stockholders $ 10,154 $ 2,137 $ 8,017 Three Months Ended September 30, 2023 Net change in foreign currency translation adjustment $ (13,471) $ (2,834) $ (10,637) Net change in pension and other post-retirement benefit obligations (960) (233) (727) Other comprehensive loss attributable to HF Sinclair stockholders $ (14,431) $ (3,067) $ (11,364) Before-Tax Tax Benefit After-Tax (In thousands) Nine Months Ended September 30, 2024 Net change in foreign currency translation adjustment $ (7,659) $ (1,608) $ (6,051) Net change in pension and other post-retirement benefit obligations (1,905) (444) (1,461) Other comprehensive loss attributable to HF Sinclair stockholders $ (9,564) $ (2,052) $ (7,512) Nine Months Ended September 30, 2023 Net change in foreign currency translation adjustment $ (693) $ (144) $ (549) Net change in pension and other post-retirement benefit obligations (2,880) (699) (2,181) Other comprehensive loss attributable to HF Sinclair stockholders $ (3,573) $ (843) $ (2,730) The following table presents the line item effects for reclassifications out of accumulated other comprehensive income (“AOCI”) and into the consolidated statements of operations: Three Months Ended September 30, AOCI Component 2024 2023 Statement of Operations Line Item (In thousands) Hedging instruments: Commodity price swaps $ (518) $ (3,506) Sales and other revenues (125) (850) Income tax benefit (393) (2,656) Net of tax Other post-retirement benefit obligations: Pension obligations (437) 45 Gain (loss) on sale of assets and other (116) 11 Income tax expense (benefit) (321) 34 Net of tax Post-retirement healthcare obligations 933 918 Gain on sale of assets and other 226 223 Income tax expense 707 695 Net of tax Retirement restoration plan (6) (3) Loss on sale of assets and other (1) (1) Income tax benefit (5) (2) Net of tax Total reclassifications for the period $ (12) $ (1,929) Nine Months Ended September 30, AOCI Component 2024 2023 Statement of Operations Line Item (In thousands) Hedging instruments: Commodity price swaps $ (5,110) $ (3,236) Sales and other revenues (1,238) (785) Income tax benefit (3,872) (2,451) Net of tax Other post-retirement benefit obligations: Pension obligations (869) 135 Gain (loss) on sale of assets and other (230) 33 Income tax expense (benefit) (639) 102 Net of tax Post-retirement healthcare obligations 2,790 2,754 Gain on sale of assets and other 677 668 Income tax expense 2,113 2,086 Net of tax Retirement restoration plan (16) (9) Gain on sale of assets and other (3) (2) Income tax benefit (13) (7) Net of tax Total reclassifications for the period $ (2,411) $ (270) Accumulated other comprehensive loss in the equity section of our consolidated balance sheets includes: September 30, 2024 December 31, 2023 (In thousands) Foreign currency translation adjustment $ (29,077) $ (23,026) Unrealized gain on pension obligations 1,489 619 Unrealized gain on post-retirement benefit obligations 8,292 10,623 Accumulated other comprehensive loss $ (19,296) $ (11,784)

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies 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 the 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. During 2017 and 2019, the EPA granted the Cheyenne, Wyoming refinery (the “Cheyenne Refinery”) and the refinery in Woods Cross, Utah (the “Woods Cross Refinery”) each a one-year small refinery exemption from the Renewable Fuel Standard program requirements for the 2016 and 2018, compliance years. As a result, the Cheyenne Refinery’s and Woods Cross Refinery’s gasoline and diesel production were not subject to the renewable volume obligation for the respective years. Upon each exemption granted, we increased our inventory of RINs and reduced our Cost of sales . On April 7, 2022, the EPA issued a decision reversing the grant of small refinery exemptions for our Woods Cross Refinery and Cheyenne Refinery for the 2018 compliance year. On June 3, 2022, the EPA issued a decision reversing the grant of small refinery exemptions for our Woods Cross Refinery and Cheyenne Refinery for the 2016 compliance year and denying small refinery exemption petitions for our Woods Cross Refinery and Cheyenne Refinery for the 2019 and 2020 compliance years. Certain of our subsidiaries pursued legal challenges to the EPA’s decisions to deny small refinery exemptions for the 2016, 2018, 2019 and 2020 compliance years. The first lawsuit, filed against the EPA on May 6, 2022, before the U.S. Court of Appeals for the DC Circuit (the “DC Circuit”), sought to have the EPA’s reversal of our 2018 small refinery exemption petitions overturned. The second lawsuit, filed against the EPA on August 5, 2022, before the DC Circuit, sought to have the EPA’s reversal of our 2016 small refinery exemption petitions overturned and to have the EPA’s denial of our 2019 and 2020 small refinery exemption petitions reversed. In addition, pursuant to the June 2022 and April 2022 decisions, respectively, the EPA established an alternative compliance demonstration to not impose obligations on small refineries that had exemptions reversed for the 2016 and 2018 compliance years. On June 24, 2022, Growth Energy filed two lawsuits in the DC Circuit against the EPA, challenging the alternative compliance demonstration for the 2016 and 2018 compliance years. On July 25, 2022, certain of our subsidiaries intervened on behalf of the EPA to aid the defense of the EPA’s alternative compliance demonstration decision. On July 26, 2024, the DC Circuit issued a favorable decision vacating the EPA’s denial of all of our small refinery exemption petitions, finding the denial to be unlawful. The DC Circuit remanded the small refinery exemption petitions to the EPA for new determination. The DC Circuit also upheld the alternative compliance demonstration and denied Growth Energy’s challenge. It is too early to determine the final impact of the DC Circuit’s decisions. We are unable to estimate the costs we may incur, if any, at this time. HF Sinclair Navajo Refining LLC (“HFS Navajo”) has been engaged in discussions with, and has responded to document requests from, the EPA, the United States Department of Justice (the “DOJ”) and the New Mexico Environment Department (the “NMED”) (collectively, the “Navajo Matter Government Agencies”) regarding HFS Navajo’s compliance with the Clean Air Act (“CAA”) and underlying regulations, and similar New Mexico laws and regulations, at its Artesia and Lovington, New Mexico refineries. The discussions have included the following topics: (a) alleged noncompliance with CAA’s National Emission Standards for Hazardous Air Pollutants (“NESHAP”) and New Source Performance Standards (“NSPS”) at the Artesia refinery, which were set forth in a Notice of Violation (“May 2020 NOV”) issued by the EPA in May 2020; (b) a Post Inspection Notice issued in June 2020 by the NMED, alleging noncompliance issues similar to those alleged by the EPA in its May 2020 NOV as well as alleged noncompliance with the State Implementation Plan (“SIP”) and the Title V permit operating programs; (c) an information request issued in September 2020 by the EPA, pursuant to CAA Section 114, related to benzene fenceline monitoring, flare fuel gas, leak detection and repair, storage vessels and tanks, and other information regarding the Artesia refinery; (d) an information request issued by the EPA in May 2021, pursuant to CAA Section 114, requesting additional information and testing related to certain tanks at the Artesia refinery; and (e) informal information requests related to, among other things, the Artesia refinery’s wastewater treatment plant, oil water separators and heat exchangers. In each of April 2022, June 2023 and August 2023, the EPA alleged additional CAA noncompliance at the Artesia refinery beyond the allegations in the May 2020 NOV, including alleged noncompliance with NESHAP, NSPS, SIP, Title V and other requirements. Beginning in the spring of 2021, HFS Navajo and the Navajo Matter Government Agencies began monthly meetings to discuss potential injunctive relief measures to address the alleged noncompliance at the Artesia refinery. In September 2021 and August 2023, the EPA presented to HFS Navajo potential claims for alleged noncompliance with a 2002 consent decree. In September 2024, the Navajo Matter Government Agencies presented to HFS Navajo a proposed penalty demand for the alleged noncompliance at the Artesia refinery. HFS Navajo continues to assess the factual basis for the alleged noncompliance and the proposed penalty demand and continues to engage in work with the Navajo Matter Government Agencies to resolve these issues. It is too early to predict the outcome of this matter or the timing of resolution. We are unable to estimate the costs we may incur, if any, at this time.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information Our operations are organized into five reportable segments: Refining, Renewables, Marketing, Lubricants & Specialties and Midstream. Our operations that are not included in one of these five reportable segments are included in Corporate and Other. Intersegment transactions are eliminated in our consolidated financial statements and are included in Eliminations. Corporate and Other and Eliminations are aggregated and presented under the Corporate, Other and Eliminations column. The Refining segment represents the operations of our El Dorado, Tulsa, Navajo, Woods Cross, Puget Sound, Parco and Casper refineries and HF Sinclair Asphalt Company LLC (“Asphalt”). Refining activities involve the purchase and refining of crude oil and wholesale marketing of refined products, such as gasoline, diesel fuel and jet fuel. These petroleum products are primarily marketed in the Mid-Continent, Southwest and Rocky Mountains extending into the Pacific Northwest geographic regions of the United States. Asphalt operates various asphalt terminals in Arizona, New Mexico and Oklahoma. The Renewables segment represents the operations of our Cheyenne renewable diesel unit (“RDU”), Artesia RDU, Sinclair RDU and the pre-treatment unit at our Artesia, New Mexico facility. The Marketing segment represents branded fuel sales to Sinclair branded sites in the United States and licensing fees for the use of the Sinclair brand at additional locations throughout the country. The Marketing segment also includes branded fuel sales to non-Sinclair branded sites from legacy HollyFrontier Corporation (“HollyFrontier”) agreements and revenues from other marketing activities. Our branded sites are located in several states across the United States with the highest concentration of the sites located in our West and Mid-Continent regions. The Lubricants & Specialties segment represents Petro-Canada Lubricants Inc.’s production operations, located in Mississauga, Ontario, which includes lubricant products such as base oils, white oils, specialty products and finished lubricants, and the operations of our Petro-Canada Lubricants Inc.’s business that includes the marketing of products to both retail and wholesale outlets through a global sales network with locations in Canada, the United States and Europe. Additionally, the Lubricants & Specialties segment includes specialty lubricant products produced at our Tulsa refineries that are marketed throughout North America and are distributed in Central and South America and the operations of Red Giant Oil Company LLC, one of the leading suppliers of locomotive engine oil in North America. Also, the Lubricants & Specialties segment includes Sonneborn, a producer of specialty hydrocarbon chemicals such as white oils, petrolatums and waxes with manufacturing facilities in the United States and Europe. The Midstream segment includes all of the operations of HEP, which owns and operates logistics and refinery assets consisting of petroleum product and crude oil pipelines, and terminals, tankage and loading rack facilities in the Mid-Continent, Southwest and Rocky Mountains geographic regions of the United States. The Midstream segment also includes 50% ownership interests in each of Osage Pipeline Company, LLC, the owner of a pipeline running from Cushing, Oklahoma to El Dorado, Kansas, Cheyenne Pipeline, LLC, the owner of a pipeline running from Fort Laramie, Wyoming to Cheyenne, Wyoming, and Cushing Connect, a 25.12% ownership interest in Saddle Butte Pipeline III, LLC, the owner of a pipeline running from the Powder River Basin to Casper, Wyoming, and a 49.995% ownership interest in Pioneer Investments Corp., the owner of a pipeline running from Sinclair, Wyoming to the North Salt Lake City, Utah Terminal. Revenues and other income from the Midstream segment are earned through transactions with unaffiliated parties for pipeline transportation, rental and terminalling operations as well as revenues relating to pipeline transportation, terminalling operations and tankage facilities provided for our refining operations. Beginning in the first quarter of 2024, our Refining segment acquired from our Midstream segment the refinery processing units at our El Dorado and Woods Cross refineries. Additionally, we amended an intercompany agreement between certain of our subsidiaries within the Refining, Lubricants & Specialties and Midstream segments. As a result, we have revised our Refining, Lubricants & Specialties and Midstream segment information for the periods presented. The accounting policies for our segments are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the year ended December 31, 2023. Refining Renewables Marketing Lubricants & Specialties Midstream Corporate, Other Consolidated (In thousands) Three Months Ended September 30, 2024 Sales and other revenues: Revenues from external customers $ 5,386,710 $ 160,038 $ 950,050 $ 682,589 $ 27,753 $ — $ 7,207,140 Intersegment revenues and other (1) 995,001 105,320 — 3,278 136,115 (1,239,714) — 6,381,711 265,358 950,050 685,867 163,868 (1,239,714) 7,207,140 Cost of sales: (2) Cost of materials and other (3) 5,731,823 237,321 918,432 509,204 — (1,238,486) 6,158,294 Lower of cost or market inventory valuation adjustments 198,759 3,548 — — — — 202,307 Operating expenses 485,231 24,959 — 60,404 58,702 277 629,573 6,415,813 265,828 918,432 569,608 58,702 (1,238,209) 6,990,174 Selling, general and administrative expenses (2) 54,632 1,281 9,476 38,832 3,820 9,973 118,014 Depreciation and amortization 123,348 21,409 6,588 21,661 17,824 18,886 209,716 Asset impairments — — — — 9,984 — 9,984 Income (loss) from operations $ (212,082) $ (23,160) $ 15,554 $ 55,766 $ 73,538 $ (30,364) $ (120,748) Earnings of equity method investments $ — $ — $ — $ — $ 7,353 $ 798 $ 8,151 Capital expenditures $ 70,655 $ 1,268 $ 12,874 $ 10,580 $ 15,996 $ 12,231 $ 123,604 Three Months Ended September 30, 2023 Sales and other revenues: Revenues from external customers $ 6,717,926 $ 213,144 $ 1,259,205 $ 686,123 $ 29,073 $ — $ 8,905,471 Intersegment revenues and other (1) 1,333,008 118,033 — 565 123,540 (1,575,146) — 8,050,934 331,177 1,259,205 686,688 152,613 (1,575,146) 8,905,471 Cost of sales: (2) Cost of materials and other (3) 6,518,402 294,682 1,230,372 466,459 — (1,574,265) 6,935,650 Lower of cost or market inventory valuation adjustments (26,842) (17,006) — — — — (43,848) Operating expenses 478,847 30,198 — 64,965 50,489 (1,967) 622,532 6,970,407 307,874 1,230,372 531,424 50,489 (1,576,232) 7,514,334 Selling, general and administrative expenses (2) 50,345 1,336 7,731 40,051 7,947 16,803 124,213 Depreciation and amortization 118,077 18,904 6,002 22,366 20,274 9,939 195,562 Income (loss) from operations $ 912,105 $ 3,063 $ 15,100 $ 92,847 $ 73,903 $ (25,656) $ 1,071,362 Earnings of equity method investments $ — $ — $ — $ — $ 3,581 $ (572) $ 3,009 Capital expenditures $ 44,866 $ 2,812 $ 4,223 $ 10,070 $ 5,672 $ 13,544 $ 81,187 Refining Renewables Marketing Lubricants & Specialties Midstream Corporate, Other Consolidated (In thousands) Nine Months Ended September 30, 2024 Sales and other revenues: Revenues from external customers $ 16,729,833 $ 519,935 $ 2,668,219 $ 2,084,183 $ 77,946 $ — $ 22,080,116 Intersegment revenues and other (1) 2,833,932 233,260 — 11,070 399,118 (3,477,380) — 19,563,765 753,195 2,668,219 2,095,253 477,064 (3,477,380) 22,080,116 Cost of sales: (2) Cost of materials and other (3) 17,497,374 687,650 2,590,573 1,533,440 — (3,473,718) 18,835,319 Lower of cost or market inventory valuation adjustments (21,799) 1,613 — — — — (20,186) Operating expenses 1,406,414 76,125 — 188,849 155,309 1,305 1,828,002 18,881,989 765,388 2,590,573 1,722,289 155,309 (3,472,413) 20,643,135 Selling, general and administrative expenses (2) 154,089 4,067 24,577 111,609 10,674 21,230 326,246 Depreciation and amortization 362,933 61,467 19,265 66,888 52,887 50,325 613,765 Asset impairments — — — — 9,984 — 9,984 Income (loss) from operations $ 164,754 $ (77,727) $ 33,804 $ 194,467 $ 248,210 $ (76,522) $ 486,986 Earnings of equity method investments $ — $ — $ — $ — $ 21,899 $ 1,713 $ 23,612 Capital expenditures $ 161,374 $ 7,188 $ 33,365 $ 23,064 $ 35,246 $ 36,684 $ 296,921 Nine Months Ended September 30, 2023 Sales and other revenues: Revenues from external customers $ 18,284,853 $ 590,620 $ 3,237,523 $ 2,105,941 $ 85,322 $ — $ 24,304,259 Intersegment revenues and other (1) 3,524,078 311,758 — 10,890 339,596 (4,186,322) — 21,808,931 902,378 3,237,523 2,116,831 424,918 (4,186,322) 24,304,259 Cost of sales: (2) Cost of materials and other (3) 18,002,106 816,226 3,162,727 1,515,900 — (4,183,647) 19,313,312 Lower of cost or market inventory valuation adjustments — (4,114) — — — — (4,114) Operating expenses 1,391,930 85,942 — 192,592 138,021 230 1,808,715 19,394,036 898,054 3,162,727 1,708,492 138,021 (4,183,417) 21,117,913 Selling, general and administrative expenses (2) 142,461 3,587 22,821 124,229 18,094 36,322 347,514 Depreciation and amortization 330,702 57,846 17,889 62,113 61,855 28,500 558,905 Income (loss) from operations $ 1,941,732 $ (57,109) $ 34,086 $ 221,997 $ 206,948 $ (67,727) $ 2,279,927 Earnings of equity method investments $ — $ — $ — $ — $ 11,008 $ (572) $ 10,436 Capital expenditures $ 157,827 $ 11,193 $ 15,678 $ 24,453 $ 21,936 $ 30,350 $ 261,437 (1) Includes income earned by certain of our subsidiaries in the Midstream segment related to intercompany transportation agreements with certain of our subsidiaries in the Refining and Lubricants & Specialties segments that represent leases. These transactions eliminate in consolidation. (2) Exclusive of Depreciation and amortization . (3) Exclusive of Lower of cost or market inventory valuation adjustments.

Description of Business and P_2

Description of Business and Presentation of Financial Statements (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business References herein to HF Sinclair, “we,” “our,” “ours,” and “us” refer only to HF Sinclair and its consolidated subsidiaries or to HF Sinclair or an individual subsidiary and not to any other person, with certain exceptions. References herein to Holly Energy Partners, L.P. (“HEP”) with respect to time periods prior to the closing of the HEP Merger Transaction (as defined below) on December 1, 2023 refer to HEP and its consolidated subsidiaries. We are an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and lubricants and specialty products. We own and operate refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah. We provide petroleum product and crude oil transportation, terminalling, storage and throughput services to our refineries and the petroleum industry. We market our refined products principally in the Southwest United States, the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states and we supply high-quality fuels to more t han 1,500 branded stations and license the use of the Sinclair brand at more than 300 additional locations throughout the country. We produce renewable diesel at two of our facilities in Wyoming and our facility in New Mexico. In addition, our subsidiaries produce and market base oils and other specialized lubricants in the United States, Canada and the Netherlands, and export products to more than 80 countries.
Basis of Presentation	Basis of Presentation The interim consolidated financial statements are unaudited. In management’s opinion, these consolidated financial statements include all normal recurring adjustments necessary for a fair presentation of our consolidated financial position as of September 30, 2024, the consolidated statements of operations, comprehensive income and equity for the three and nine months ended September 30, 2024 and 2023, and consolidated statements of cash flows for the nine months ended September 30, 2024 and 2023 have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Although certain notes and other information required by generally accepted accounting principles in the United States (“GAAP”) have been omitted, we believe that the disclosures in these consolidated financial statements are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2023, which were recast to reflect changes in our reportable segments as described in Note 16 hereto, and are included in Exhibit 99.1 to the Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 filed on May 8, 2024.
Accounting Pronouncements - Not Yet Adopted	Accounting Pronouncements - Not Yet Adopted In November 2023, Accounting Standards Update (“ASU”) 2023-07, “Improvements to Reportable Segment Disclosures” was issued. ASU 2023-07 requires, among other updates, enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker, as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. This aims to provide more decision-useful information to stakeholders by giving a clearer picture of the costs incurred by each reportable segment. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective adoption. Early adoption is permitted. The adoption of ASU 2023-07 will not affect our financial position or our results of operations, but will result in additional disclosures for annual periods beginning with our fiscal year ending December 31, 2024 and for interim periods thereafter.
Fair Value Measurements	Fair value measurements are derived using inputs (assumptions that market participants would use in pricing an asset or liability, including assumptions about risk). GAAP categorizes inputs used in fair value measurements into three broad levels as follows: • (Level 1) Quoted prices in active markets for identical assets or liabilities. • (Level 2) Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, similar assets and liabilities in markets that are not active or can be corroborated by observable market data. • (Level 3) Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes valuation techniques that involve significant unobservable inputs.

Cushing Connect Joint Venture (

Cushing Connect Joint Venture (Tables)	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Variable Interest Entities	The most significant assets of Cushing Connect and the Cushing Connect Pipeline that are available to settle only their obligations, along with their most significant liabilities for which their creditors do not have recourse to our general credit, were: September 30, 2024 December 31, 2023 (In thousands) Cash and cash equivalents $ 1,919 $ 1,536 Properties, plants and equipment, at cost $ 102,977 $ 102,936 Less: accumulated depreciation $ (10,681) $ (8,022) Intangibles and other $ 29,842 $ 32,473

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenues	Disaggregated revenues were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands) Revenues by type: Refined product revenues Transportation fuels (1) $ 4,480,825 $ 5,737,557 $ 14,114,991 $ 14,970,620 Lubricants and specialty products (2) 609,772 612,817 1,868,156 1,928,054 Asphalt, fuel oil and other products (3) 540,179 576,274 1,592,455 1,589,133 Total refined product revenues 5,630,776 6,926,648 17,575,602 18,487,807 Excess crude oil revenues (4) 360,347 440,851 1,064,239 1,773,498 Renewable diesel revenues (5) 194,110 213,144 563,916 590,620 Transportation and logistics services 27,753 29,073 77,946 85,322 Marketing revenues (6) 950,050 1,259,205 2,668,219 3,237,523 Other revenues (7) 44,104 36,550 130,194 129,489 Total sales and other revenues $ 7,207,140 $ 8,905,471 $ 22,080,116 $ 24,304,259 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands) Refined product revenues by market: United States: Mid-Continent $ 2,201,377 $ 2,598,477 $ 6,827,071 $ 6,882,470 Southwest 931,098 1,117,275 2,989,695 2,840,563 Rocky Mountains 1,959,195 2,653,603 6,103,557 7,059,200 Northeast 209,394 236,010 641,463 733,609 Canada 266,653 261,841 810,701 767,517 Europe, Asia and Latin America 63,059 59,442 203,115 204,448 Total refined product revenues $ 5,630,776 $ 6,926,648 $ 17,575,602 $ 18,487,807 (1) Transportation fuels revenues are attributable to our Refining segment’s wholesale marketing of gasoline, diesel and jet fuel. (2) Lubricants and specialty products consist of base oil, waxes, finished lubricants and other specialty fluids. (3) Revenues from asphalt, fuel oil and other products include amounts attributable to our Refining and Lubricants & Specialties segments of $471.6 million and $68.5 million, respectively, for the three months ended September 30, 2024, $1,381.8 million and $210.7 million, respectively, for the nine months ended September 30, 2024, $504.3 million and $72.0 million, respectively, for the three months ended September 30, 2023, and $1,413.3 and $175.8 million, respectively, for the nine months ended September 30, 2023. (4) Excess crude oil revenues represent sales of purchased crude oil inventory that at times exceeds the supply needs of our refineries. (5) Renewable diesel revenues are principally attributable to our Renewables segment. (6) Marketing revenues consist primarily of branded gasoline and diesel fuel. (7) Other revenues are principally attributable to our Refining segment.
Schedule of Changes to Contract Liabilities	The following table present s changes to our contract liabilities: Nine Months Ended September 30, 2024 2023 (In thousands) Balance at January 1 $ 7,533 $ 10,722 Increase 17,145 15,216 Recognized as revenue (17,191) (17,925) Balance at September 30 $ 7,487 $ 8,013
Schedules of Aggregate Minimum Volumes Expected to Be Sold Under Long-term Sales Contracts	Aggregate minimum volumes expected to be sold (future performance obligations) under our long-term product sales contracts with customers are as follows: Contractual Minimum Remainder of 2024 2025 2026 Thereafter Total (In thousands) Refined product sales volumes (barrels) 8,586 28,272 19,857 49,954 106,669 Annual minimum revenues attributable to our third-party contracts as of September 30, 2024, are presented below: Contractual Minimum Remainder of 2024 2025 2026 Thereafter Total (In thousands) Midstream operations revenues $ 5,213 $ 11,242 $ 7,782 $ 43,308 $ 67,545

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Asset and Liability Instruments	The carrying amounts of derivative instruments and RINs credit obligations at September 30, 2024 and December 31, 2023 were as follows: Fair Value by Input Level Carrying Amount Level 1 Level 2 Level 3 (In thousands) September 30, 2024 Assets: NYMEX futures contracts $ 840 $ 840 $ — $ — Commodity forward contracts 72 — 72 — Total assets $ 912 $ 840 $ 72 $ — Liabilities: Commodity price swaps $ 674 $ — $ 674 $ — Commodity forward contracts 21 — 21 — Foreign currency forward contracts 4,270 — 4,270 — RINs credit obligations (1) 27,471 — 27,471 — Total liabilities $ 32,436 $ — $ 32,436 $ — Fair Value by Input Level Carrying Amount Level 1 Level 2 Level 3 (In thousands) December 31, 2023 Assets: NYMEX futures contracts $ 836 $ 836 $ — $ — Commodity forward contracts 2,908 — 2,908 — Total assets $ 3,744 $ 836 $ 2,908 $ — Liabilities: Commodity price swaps $ 7,808 $ — $ 7,808 $ — Commodity forward contracts 1,848 — 1,848 — Foreign currency forward contracts 7,893 — 7,893 — Total liabilities $ 17,549 $ — $ 17,549 $ — (1) Represent obligations for RINs credits for which we did not have sufficient quantities at September 30, 2024 to satisfy our Environmental Protection Agency (“EPA”) regulatory blending requirements.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule Of Earnings (Loss) Per Share	The following is a reconciliation of the denominators of the basic and diluted per share computations for net income attributable to HF Sinclair stockholders: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except per share data) Net income (loss) attributable to HF Sinclair stockholders $ (75,944) $ 790,922 $ 390,508 $ 1,651,849 Participating securities’ share in earnings (1) 526 7,188 2,255 14,340 Net income (loss) attributable to common shares $ (76,470) $ 783,734 $ 388,253 $ 1,637,509 Average number of shares of common stock outstanding 189,840 185,456 193,341 191,047 Average number of shares of common stock outstanding assuming dilution 189,840 185,456 193,341 191,047 Basic earnings (loss) per share $ (0.40) $ 4.23 $ 2.01 $ 8.57 Diluted earnings (loss) per share $ (0.40) $ 4.23 $ 2.01 $ 8.57 (1) Unvested restricted stock unit awards and unvested performance share units that settle in HF Sinclair common stock represent participating securities because they participate in nonforfeitable dividends or distributions with the common stockholders of HF Sinclair. Participating earnings represent the distributed and undistributed earnings of HF Sinclair attributable to the participating securities. Unvested restricted stock unit awards and performance share units do not participate in undistributed net losses as they are not contractually obligated to do so.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule Of Restricted Stock Activity	A summary of restricted stock units and performance share units activity during the nine months ended September 30, 2024, is presented below: Restricted Stock Units Performance Share Units Outstanding at January 1, 2024 1,102,755 485,531 Granted (1) 21,421 3,093 Vested (158,927) (1,859) Forfeited (227,804) (80,074) Outstanding at September 30, 2024 737,445 406,691 (1) Weighted average grant date fair value per unit. $ 49.19 $ 51.22
Schedule Of Performance Share Activity	A summary of restricted stock units and performance share units activity during the nine months ended September 30, 2024, is presented below: Restricted Stock Units Performance Share Units Outstanding at January 1, 2024 1,102,755 485,531 Granted (1) 21,421 3,093 Vested (158,927) (1,859) Forfeited (227,804) (80,074) Outstanding at September 30, 2024 737,445 406,691 (1) Weighted average grant date fair value per unit. $ 49.19 $ 51.22

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory Components	Inventories consist of the following components: September 30, 2024 December 31, 2023 (In thousands) Crude oil $ 763,486 $ 858,411 Other raw materials and unfinished products (1) 699,643 683,066 Finished products (2) 1,260,686 1,435,817 Lower of cost or market reserve (311,384) (331,570) Crude oil and refined products 2,412,431 2,645,724 Process chemicals (3) 44,701 50,917 Repair and maintenance supplies and other (4) 230,548 225,190 Materials, supplies and other 275,249 276,107 Total inventories $ 2,687,680 $ 2,921,831 (1) Other raw materials and unfinished products include feedstocks and blendstocks, other than crude. (2) Finished products include gasolines, jet fuels, diesels, renewable diesels, lubricants, asphalts, LPG’s and residual fuels. (3) Process chemicals include additives and other chemicals. (4) Includes RINs.

Accrued Liabilities and Other_2

Accrued Liabilities and Other Long-Term Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following: September 30, 2024 December 31, 2023 (In thousands) Accrued interest expense $ 56,370 $ 38,251 Accrued taxes other than income 45,916 29,172 Derivatives 4,965 17,549 Environmental liabilities 27,216 34,002 Precious metal financing 34,872 37,009 Right-of-use (“ROU”) financing lease liabilities 10,767 10,842 Wage and other employee-related liabilities 154,634 84,565 Environmental credit obligations 41,567 6,400 Other 122,411 195,255 Total accrued liabilities $ 498,718 $ 453,045
Schedule of Other Long-Term Liabilities	Other long-term liabilities consist of the following: September 30, 2024 December 31, 2023 (In thousands) Environmental liabilities $ 160,169 $ 161,375 ROU financing lease liabilities 71,343 74,860 Other 186,665 182,491 Total other long-term liabilities $ 418,177 $ 418,726

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Carrying Amounts	The principal and carrying amounts of Long-term debt are as follows: Carrying Amount (1) Maturity Date September 30, 2024 December 31, 2023 HollyFrontier Corporation Senior Notes: 5.875% Senior Notes April 2026 $ 202,900 $ 202,900 4.500% Senior Notes October 2030 74,966 74,966 277,866 277,866 HF Sinclair Senior Notes: 5.875% Senior Notes April 2026 797,100 797,100 6.375% Senior Notes April 2027 399,875 399,875 5.000% Senior Notes February 2028 498,879 498,879 4.500% Senior Notes October 2030 325,034 325,034 2,020,888 2,020,888 HEP Senior Notes: 6.375% Senior Notes April 2027 125 125 5.000% Senior Notes February 2028 1,121 1,121 1,246 1,246 Total Senior Notes 2,300,000 2,300,000 HEP Credit Agreement July 2025 350,000 455,500 HF Sinclair Credit Agreement April 2026 — — Total Credit Agreements 350,000 455,500 Less current debt (2) (350,000) — Unamortized discount and debt issuance costs (13,195) (16,417) Total long-term debt, net $ 2,286,805 $ 2,739,083 (1) As of September 30, 2024 and December 31, 2023, the carrying amounts of our Senior Notes equaled the principal amounts. (2) The HEP Credit Agreement matures in July 2025 and is classified as Current debt on our consolidated balance sheets as of September 30, 2024. The fair values of the senior notes are as follows: September 30, 2024 December 31, 2023 (In thousands) HollyFrontier Corporation, HF Sinclair and HEP Senior Notes $ 2,310,949 $ 2,271,856

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Unrealized Gain (Loss) Recognized in OCI and Gain (Loss) Reclassified into Earnings	The following tables present the pre-tax effect on OCI and earnings due to fair value adjustments and maturities of hedging instruments under hedge accounting: Net Unrealized Gain Loss Reclassified Derivatives Designated as Cash Flow Hedging Instruments Three Months Ended September 30, Statement of Operations Location Three Months Ended September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Commodity contracts $ 456 $ — Sales and other revenues $ (518) $ (3,506) Total $ 456 $ — $ (518) $ (3,506) Net Unrealized Loss Loss Reclassified Derivatives Designated as Cash Flow Hedging Instruments Nine Months Ended September 30, Statement of Operations Location Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands) (In thousands) Commodity contracts $ — $ — Sales and other revenues $ (5,110) $ (3,236) Total $ — $ — $ (5,110) $ (3,236)
Schedule of Gain (Loss) Recognized in Earnings	The following table presents the pre-tax effect on income due to maturities and fair value adjustments of our economic hedges: Gain (Loss) Recognized in Earnings Derivatives Not Designated as Hedging Instruments Statement of Operations Location Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands) Commodity contracts Cost of materials and other $ 14,978 $ (29,041) $ (4,149) $ (9,139) Operating expenses (1,059) 3,304 (2,937) (7,106) Interest expense 1,201 133 (29) 5,053 Foreign currency contracts Gain on foreign currency transactions (4,145) 10,185 9,526 1,583 Total $ 10,975 $ (15,419) $ 2,411 $ (9,609)
Schedule of Notional Amounts of Outstanding Derivatives Serving as Economic Hedges	As of September 30, 2024, we have the following notional contract volumes related to outstanding derivative instruments: Notional Contract Volumes Total Outstanding Notional 2024 2025 Unit of Measure Derivatives Not Designated as Hedging Instruments: NYMEX futures (WTI) - short 1,400,000 1,400,000 — Barrels Forward gasoline and diesel contracts - long 60,000 60,000 — Barrels Foreign currency forward contracts 383,114,375 102,186,063 280,928,312 U.S. dollar Forward commodity contracts (platinum) 34,628 2,047 32,581 Troy ounces Natural gas price swaps (basis spread) - long 1,104,000 1,104,000 — MMBTU
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following tables present the fair value and the locations of our outstanding derivative instruments in the consolidated balance sheets. These amounts are presented on a gross basis with offsetting balances that reconcile to a net asset or liability position in our consolidated balance sheets. We present on a net basis to reflect the net settlement of these positions in accordance with provisions of our master netting arrangements. Derivatives in Net Asset Position Derivatives in Net Liability Position Gross Assets Gross Liabilities Offset in Balance Sheet Net Assets Recognized in Balance Sheet Gross Liabilities Gross Assets Offset in Balance Sheet Net Liabilities Recognized in Balance Sheet (In thousands) September 30, 2024 Derivatives not designated as cash flow hedging instruments: NYMEX futures contracts $ 840 $ — $ 840 $ — $ — $ — Commodity price swap contracts — — — 674 — 674 Commodity forward contracts 72 — 72 21 — 21 Foreign currency forward contracts — — — 4,950 (680) 4,270 $ 912 $ — $ 912 $ 5,645 $ (680) $ 4,965 Total net balance $ 912 $ 4,965 Balance sheet classification: Prepayments and other $ 912 Accrued liabilities $ 4,965 Derivatives in Net Asset Position Derivatives in Net Liability Position Gross Assets Gross Liabilities Offset in Balance Sheet Net Assets Recognized in Balance Sheet Gross Liabilities Gross Assets Offset in Balance Sheet Net Liabilities Recognized in Balance Sheet (In thousands) December 31, 2023 Derivatives not designated as cash flow hedging instruments: NYMEX futures contracts $ 836 $ — $ 836 $ — $ — $ — Commodity price swap contracts — — — 7,808 — 7,808 Commodity forward contracts 2,908 — 2,908 1,848 — 1,848 Foreign currency forward contracts — — — 7,893 — 7,893 $ 3,744 $ — $ 3,744 $ 17,549 $ — $ 17,549 Total net balance $ 3,744 $ 17,549 Balance sheet classification: Prepayments and other $ 3,744 Accrued liabilities $ 17,549

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Purchases of Shares under Share Repurchase Program	The following table presents the total open market and privately negotiated purchases of shares under our share repurchase programs for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (In thousands, except share data) Number of shares repurchased (1) 2,665,000 11,274,917 11,944,177 16,068,774 Cash paid for shares repurchased $ 126,456 $ 585,574 $ 663,684 $ 825,897 (1) During the nine months ended September 30, 2024, 7,864,761 shares were repurchased for $456.1 million, pursuant to privately negotiated repurchases from REH Company. No such privately negotiated repurchases were made during the three months ended September 30, 2024. During the three and nine months ended September 30, 2023, 11,274,917 and 13,244,196 shares were repurchased for $585.6 million and $685.6 million, respectively, pursuant to privately negotiated repurchases from REH Company.

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2024
Other Comprehensive Income (Loss), before Tax [Abstract]
Schedule of Components and Allocated Tax Effects of OCI	The components and allocated tax effects of other comprehensive income (loss) are as follows: Before-Tax Tax Expense After-Tax (In thousands) Three Months Ended September 30, 2024 Net change in foreign currency translation adjustment $ 10,188 $ 2,136 $ 8,052 Net unrealized gain on hedging instruments 456 110 346 Net change in pension and other post-retirement benefit obligations (490) (109) (381) Other comprehensive income attributable to HF Sinclair stockholders $ 10,154 $ 2,137 $ 8,017 Three Months Ended September 30, 2023 Net change in foreign currency translation adjustment $ (13,471) $ (2,834) $ (10,637) Net change in pension and other post-retirement benefit obligations (960) (233) (727) Other comprehensive loss attributable to HF Sinclair stockholders $ (14,431) $ (3,067) $ (11,364) Before-Tax Tax Benefit After-Tax (In thousands) Nine Months Ended September 30, 2024 Net change in foreign currency translation adjustment $ (7,659) $ (1,608) $ (6,051) Net change in pension and other post-retirement benefit obligations (1,905) (444) (1,461) Other comprehensive loss attributable to HF Sinclair stockholders $ (9,564) $ (2,052) $ (7,512) Nine Months Ended September 30, 2023 Net change in foreign currency translation adjustment $ (693) $ (144) $ (549) Net change in pension and other post-retirement benefit obligations (2,880) (699) (2,181) Other comprehensive loss attributable to HF Sinclair stockholders $ (3,573) $ (843) $ (2,730)
Schedule of Income Statement Line Items Effects Out of AOCI	The following table presents the line item effects for reclassifications out of accumulated other comprehensive income (“AOCI”) and into the consolidated statements of operations: Three Months Ended September 30, AOCI Component 2024 2023 Statement of Operations Line Item (In thousands) Hedging instruments: Commodity price swaps $ (518) $ (3,506) Sales and other revenues (125) (850) Income tax benefit (393) (2,656) Net of tax Other post-retirement benefit obligations: Pension obligations (437) 45 Gain (loss) on sale of assets and other (116) 11 Income tax expense (benefit) (321) 34 Net of tax Post-retirement healthcare obligations 933 918 Gain on sale of assets and other 226 223 Income tax expense 707 695 Net of tax Retirement restoration plan (6) (3) Loss on sale of assets and other (1) (1) Income tax benefit (5) (2) Net of tax Total reclassifications for the period $ (12) $ (1,929) Nine Months Ended September 30, AOCI Component 2024 2023 Statement of Operations Line Item (In thousands) Hedging instruments: Commodity price swaps $ (5,110) $ (3,236) Sales and other revenues (1,238) (785) Income tax benefit (3,872) (2,451) Net of tax Other post-retirement benefit obligations: Pension obligations (869) 135 Gain (loss) on sale of assets and other (230) 33 Income tax expense (benefit) (639) 102 Net of tax Post-retirement healthcare obligations 2,790 2,754 Gain on sale of assets and other 677 668 Income tax expense 2,113 2,086 Net of tax Retirement restoration plan (16) (9) Gain on sale of assets and other (3) (2) Income tax benefit (13) (7) Net of tax Total reclassifications for the period $ (2,411) $ (270)
Schedule of AOCI in Equity	Accumulated other comprehensive loss in the equity section of our consolidated balance sheets includes: September 30, 2024 December 31, 2023 (In thousands) Foreign currency translation adjustment $ (29,077) $ (23,026) Unrealized gain on pension obligations 1,489 619 Unrealized gain on post-retirement benefit obligations 8,292 10,623 Accumulated other comprehensive loss $ (19,296) $ (11,784)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information	Refining Renewables Marketing Lubricants & Specialties Midstream Corporate, Other Consolidated (In thousands) Three Months Ended September 30, 2024 Sales and other revenues: Revenues from external customers $ 5,386,710 $ 160,038 $ 950,050 $ 682,589 $ 27,753 $ — $ 7,207,140 Intersegment revenues and other (1) 995,001 105,320 — 3,278 136,115 (1,239,714) — 6,381,711 265,358 950,050 685,867 163,868 (1,239,714) 7,207,140 Cost of sales: (2) Cost of materials and other (3) 5,731,823 237,321 918,432 509,204 — (1,238,486) 6,158,294 Lower of cost or market inventory valuation adjustments 198,759 3,548 — — — — 202,307 Operating expenses 485,231 24,959 — 60,404 58,702 277 629,573 6,415,813 265,828 918,432 569,608 58,702 (1,238,209) 6,990,174 Selling, general and administrative expenses (2) 54,632 1,281 9,476 38,832 3,820 9,973 118,014 Depreciation and amortization 123,348 21,409 6,588 21,661 17,824 18,886 209,716 Asset impairments — — — — 9,984 — 9,984 Income (loss) from operations $ (212,082) $ (23,160) $ 15,554 $ 55,766 $ 73,538 $ (30,364) $ (120,748) Earnings of equity method investments $ — $ — $ — $ — $ 7,353 $ 798 $ 8,151 Capital expenditures $ 70,655 $ 1,268 $ 12,874 $ 10,580 $ 15,996 $ 12,231 $ 123,604 Three Months Ended September 30, 2023 Sales and other revenues: Revenues from external customers $ 6,717,926 $ 213,144 $ 1,259,205 $ 686,123 $ 29,073 $ — $ 8,905,471 Intersegment revenues and other (1) 1,333,008 118,033 — 565 123,540 (1,575,146) — 8,050,934 331,177 1,259,205 686,688 152,613 (1,575,146) 8,905,471 Cost of sales: (2) Cost of materials and other (3) 6,518,402 294,682 1,230,372 466,459 — (1,574,265) 6,935,650 Lower of cost or market inventory valuation adjustments (26,842) (17,006) — — — — (43,848) Operating expenses 478,847 30,198 — 64,965 50,489 (1,967) 622,532 6,970,407 307,874 1,230,372 531,424 50,489 (1,576,232) 7,514,334 Selling, general and administrative expenses (2) 50,345 1,336 7,731 40,051 7,947 16,803 124,213 Depreciation and amortization 118,077 18,904 6,002 22,366 20,274 9,939 195,562 Income (loss) from operations $ 912,105 $ 3,063 $ 15,100 $ 92,847 $ 73,903 $ (25,656) $ 1,071,362 Earnings of equity method investments $ — $ — $ — $ — $ 3,581 $ (572) $ 3,009 Capital expenditures $ 44,866 $ 2,812 $ 4,223 $ 10,070 $ 5,672 $ 13,544 $ 81,187 Refining Renewables Marketing Lubricants & Specialties Midstream Corporate, Other Consolidated (In thousands) Nine Months Ended September 30, 2024 Sales and other revenues: Revenues from external customers $ 16,729,833 $ 519,935 $ 2,668,219 $ 2,084,183 $ 77,946 $ — $ 22,080,116 Intersegment revenues and other (1) 2,833,932 233,260 — 11,070 399,118 (3,477,380) — 19,563,765 753,195 2,668,219 2,095,253 477,064 (3,477,380) 22,080,116 Cost of sales: (2) Cost of materials and other (3) 17,497,374 687,650 2,590,573 1,533,440 — (3,473,718) 18,835,319 Lower of cost or market inventory valuation adjustments (21,799) 1,613 — — — — (20,186) Operating expenses 1,406,414 76,125 — 188,849 155,309 1,305 1,828,002 18,881,989 765,388 2,590,573 1,722,289 155,309 (3,472,413) 20,643,135 Selling, general and administrative expenses (2) 154,089 4,067 24,577 111,609 10,674 21,230 326,246 Depreciation and amortization 362,933 61,467 19,265 66,888 52,887 50,325 613,765 Asset impairments — — — — 9,984 — 9,984 Income (loss) from operations $ 164,754 $ (77,727) $ 33,804 $ 194,467 $ 248,210 $ (76,522) $ 486,986 Earnings of equity method investments $ — $ — $ — $ — $ 21,899 $ 1,713 $ 23,612 Capital expenditures $ 161,374 $ 7,188 $ 33,365 $ 23,064 $ 35,246 $ 36,684 $ 296,921 Nine Months Ended September 30, 2023 Sales and other revenues: Revenues from external customers $ 18,284,853 $ 590,620 $ 3,237,523 $ 2,105,941 $ 85,322 $ — $ 24,304,259 Intersegment revenues and other (1) 3,524,078 311,758 — 10,890 339,596 (4,186,322) — 21,808,931 902,378 3,237,523 2,116,831 424,918 (4,186,322) 24,304,259 Cost of sales: (2) Cost of materials and other (3) 18,002,106 816,226 3,162,727 1,515,900 — (4,183,647) 19,313,312 Lower of cost or market inventory valuation adjustments — (4,114) — — — — (4,114) Operating expenses 1,391,930 85,942 — 192,592 138,021 230 1,808,715 19,394,036 898,054 3,162,727 1,708,492 138,021 (4,183,417) 21,117,913 Selling, general and administrative expenses (2) 142,461 3,587 22,821 124,229 18,094 36,322 347,514 Depreciation and amortization 330,702 57,846 17,889 62,113 61,855 28,500 558,905 Income (loss) from operations $ 1,941,732 $ (57,109) $ 34,086 $ 221,997 $ 206,948 $ (67,727) $ 2,279,927 Earnings of equity method investments $ — $ — $ — $ — $ 11,008 $ (572) $ 10,436 Capital expenditures $ 157,827 $ 11,193 $ 15,678 $ 24,453 $ 21,936 $ 30,350 $ 261,437 (1) Includes income earned by certain of our subsidiaries in the Midstream segment related to intercompany transportation agreements with certain of our subsidiaries in the Refining and Lubricants & Specialties segments that represent leases. These transactions eliminate in consolidation. (2) Exclusive of Depreciation and amortization . (3) Exclusive of Lower of cost or market inventory valuation adjustments.

Description of Business and P_3

Description of Business and Presentation of Financial Statements (Details)		9 Months Ended
	Dec. 01, 2023 USD ($) shares	Sep. 30, 2024 branded_station location facility country
Ownership Interest By Project Type [Line Items]
Number of branded stations | branded_station		1,500
Number of locations licensed to use brand | location		300
Number of countries entity licensed to exports products | country		80
HEP
Ownership Interest By Project Type [Line Items]
Conversion ratio	0.315
Common stock in cash	$ 4
Transaction cash consideration transferred	$ 267,600,000
Shares issued (in shares) | shares	21,072,326
WYOMING
Ownership Interest By Project Type [Line Items]
Number of facilities producing renewable diesel | facility		2

Cushing Connect Joint Venture -

Cushing Connect Joint Venture - Narrative (Details) - HEP - Cushing Connect bbl in Thousands	12 Months Ended
	Dec. 31, 2019 bbl
Holly Energy Partners Entity [Line Items)
Barrels of crude oil per day	160
Barrels of crude oil, value	1,500
Percent of budget which construction costs payable by HEP	10%

Cushing Connect Joint Venture_2

Cushing Connect Joint Venture - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Holly Energy Partners Entity [Line Items)
Cash and cash equivalents	$ 1,229,482	$ 1,353,747
Properties, plants and equipment, at cost	10,814,724	10,533,432
Less: accumulated depreciation	(4,271,458)	(3,906,600)
Intangibles and other	945,109	972,272
Variable Interest Entity, Not Primary Beneficiary | Cushing Connect
Holly Energy Partners Entity [Line Items)
Cash and cash equivalents	1,919	1,536
Properties, plants and equipment, at cost	102,977	102,936
Less: accumulated depreciation	(10,681)	(8,022)
Intangibles and other	$ 29,842	$ 32,473

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregated Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Sales and other revenues:	$ 7,207,140	$ 8,905,471	$ 22,080,116	$ 24,304,259
Refining
Disaggregation of Revenue [Line Items]
Sales and other revenues:	5,386,710	6,717,926	16,729,833	18,284,853
Lubricants & Specialties
Disaggregation of Revenue [Line Items]
Sales and other revenues:	682,589	686,123	2,084,183	2,105,941
Total refined product revenues
Disaggregation of Revenue [Line Items]
Sales and other revenues:	5,630,776	6,926,648	17,575,602	18,487,807
Total refined product revenues | Mid-Continent
Disaggregation of Revenue [Line Items]
Sales and other revenues:	2,201,377	2,598,477	6,827,071	6,882,470
Total refined product revenues | Southwest
Disaggregation of Revenue [Line Items]
Sales and other revenues:	931,098	1,117,275	2,989,695	2,840,563
Total refined product revenues | Rocky Mountains
Disaggregation of Revenue [Line Items]
Sales and other revenues:	1,959,195	2,653,603	6,103,557	7,059,200
Total refined product revenues | Northeast
Disaggregation of Revenue [Line Items]
Sales and other revenues:	209,394	236,010	641,463	733,609
Total refined product revenues | Canada
Disaggregation of Revenue [Line Items]
Sales and other revenues:	266,653	261,841	810,701	767,517
Total refined product revenues | Europe, Asia and Latin America
Disaggregation of Revenue [Line Items]
Sales and other revenues:	63,059	59,442	203,115	204,448
Transportation fuels
Disaggregation of Revenue [Line Items]
Sales and other revenues:	4,480,825	5,737,557	14,114,991	14,970,620
Lubricants and specialty products
Disaggregation of Revenue [Line Items]
Sales and other revenues:	609,772	612,817	1,868,156	1,928,054
Asphalt, fuel oil and other products
Disaggregation of Revenue [Line Items]
Sales and other revenues:	540,179	576,274	1,592,455	1,589,133
Asphalt, fuel oil and other products | Refining
Disaggregation of Revenue [Line Items]
Sales and other revenues:	471,600	504,300	1,381,800	1,413,300
Asphalt, fuel oil and other products | Lubricants & Specialties
Disaggregation of Revenue [Line Items]
Sales and other revenues:	68,500	72,000	210,700	175,800
Excess crude oil revenues
Disaggregation of Revenue [Line Items]
Sales and other revenues:	360,347	440,851	1,064,239	1,773,498
Renewable diesel revenues
Disaggregation of Revenue [Line Items]
Sales and other revenues:	194,110	213,144	563,916	590,620
Transportation and logistics services
Disaggregation of Revenue [Line Items]
Sales and other revenues:	27,753	29,073	77,946	85,322
Marketing revenues
Disaggregation of Revenue [Line Items]
Sales and other revenues:	950,050	1,259,205	2,668,219	3,237,523
Other revenues
Disaggregation of Revenue [Line Items]
Sales and other revenues:	$ 44,104	$ 36,550	$ 130,194	$ 129,489

Revenues - Schedule Contract Li

Revenues - Schedule Contract Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Change In Contract With Customer, Liability [Roll Forward]
Balance at beginning of period	$ 7,533	$ 10,722
Increase	17,145	15,216
Recognized as revenue	(17,191)	(17,925)
Balance at end of period	$ 7,487	$ 8,013

Revenues - Schedule of Performa

Revenues - Schedule of Performance Obligations (Details) bbl in Thousands, $ in Thousands	Sep. 30, 2024 USD ($) bbl
Third-Party Customer | Midstream
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation revenues | $	$ 67,545
Refined product sales volumes (barrels)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, sale of refined product barrels | bbl	106,669
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01 | Third-Party Customer | Midstream
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation revenues | $	$ 5,213
Remaining performance obligation satisfaction period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01 | Refined product sales volumes (barrels)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, sale of refined product barrels | bbl	8,586
Remaining performance obligation satisfaction period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Third-Party Customer | Midstream
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation revenues | $	$ 11,242
Remaining performance obligation satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Refined product sales volumes (barrels)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, sale of refined product barrels | bbl	28,272
Remaining performance obligation satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Third-Party Customer | Midstream
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation revenues | $	$ 7,782
Remaining performance obligation satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Refined product sales volumes (barrels)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, sale of refined product barrels | bbl	19,857
Remaining performance obligation satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Third-Party Customer | Midstream
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation revenues | $	$ 43,308
Remaining performance obligation satisfaction period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Refined product sales volumes (barrels)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, sale of refined product barrels | bbl	49,954
Remaining performance obligation satisfaction period

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Derivative assets	$ 912	$ 3,744
Liabilities:
Derivative liabilities	4,965	17,549
NYMEX futures contracts
Assets:
Derivative assets	840	836
Liabilities:
Derivative liabilities	0	0
Commodity forward contracts
Assets:
Derivative assets	72	2,908
Liabilities:
Derivative liabilities	21	1,848
Foreign currency forward contracts
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	4,270	7,893
Level 1
Assets:
Total assets	840	836
Liabilities:
RINs credit obligations	0
Total liabilities	0	0
Level 1 | NYMEX futures contracts
Assets:
Derivative assets	840	836
Level 1 | Commodity forward contracts
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Level 1 | Commodity price swaps
Liabilities:
Derivative liabilities	0	0
Level 1 | Foreign currency forward contracts
Liabilities:
Derivative liabilities	0	0
Level 2
Assets:
Total assets	72	2,908
Liabilities:
RINs credit obligations	27,471
Total liabilities	32,436	17,549
Level 2 | NYMEX futures contracts
Assets:
Derivative assets	0	0
Level 2 | Commodity forward contracts
Assets:
Derivative assets	72	2,908
Liabilities:
Derivative liabilities	21	1,848
Level 2 | Commodity price swaps
Liabilities:
Derivative liabilities	674	7,808
Level 2 | Foreign currency forward contracts
Liabilities:
Derivative liabilities	4,270	7,893
Level 3
Assets:
Total assets	0	0
Liabilities:
RINs credit obligations	0
Total liabilities	0	0
Level 3 | NYMEX futures contracts
Assets:
Derivative assets	0	0
Level 3 | Commodity forward contracts
Assets:
Derivative assets	0	0
Liabilities:
Derivative liabilities	0	0
Level 3 | Commodity price swaps
Liabilities:
Derivative liabilities	0	0
Level 3 | Foreign currency forward contracts
Liabilities:
Derivative liabilities	0	0
Carrying Amount
Assets:
Total assets	912	3,744
Liabilities:
RINs credit obligations	27,471
Total liabilities	32,436	17,549
Carrying Amount | NYMEX futures contracts
Assets:
Derivative assets	840	836
Carrying Amount | Commodity forward contracts
Assets:
Derivative assets	72	2,908
Liabilities:
Derivative liabilities	21	1,848
Carrying Amount | Commodity price swaps
Liabilities:
Derivative liabilities	674	7,808
Carrying Amount | Foreign currency forward contracts
Liabilities:
Derivative liabilities	$ 4,270	$ 7,893

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income (loss) attributable to HF Sinclair stockholders	$ (75,944)	$ 790,922	$ 390,508	$ 1,651,849
Participating securities' share in earnings	526	7,188	2,255	14,340
Net income (loss) attributable to common shares	$ (76,470)	$ 783,734	$ 388,253	$ 1,637,509
Average number of shares of common stock outstanding (in shares)	189,840	185,456	193,341	191,047
Average number of shares of common stock outstanding assuming dilution (in shares)	189,840	185,456	193,341	191,047
Basic earnings (loss) per share (in USD per share)	$ (0.40)	$ 4.23	$ 2.01	$ 8.57
Diluted earnings (loss) per share (in USD per share)	$ (0.40)	$ 4.23	$ 2.01	$ 8.57

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost attributable to share-based compensation plans	$ 4.5	$ 12.8	$ 16.1	$ 27.4
HEP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost attributable to share-based compensation plans		$ 0.4		$ 1.1
Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock vesting period			1 year
Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock vesting period			3 years
Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock vesting period			3 years
Performance Share Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target			0%
Performance Share Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target			200%

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule Of Restricted Stock and Performance Share Activity (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of period (in shares)	1,102,755
Granted (in shares)	21,421
Vested (in shares)	(158,927)
Forfeited (in shares)	(227,804)
Outstanding at end of period (in shares)	737,445
Weighted average grant date fair value per unit (in USD per share) | $ / shares	$ 49.19
Performance Share Units
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of period (in shares)	485,531
Granted (in shares)	3,093
Vested (in shares)	(1,859)
Forfeited (in shares)	(80,074)
Outstanding at end of period (in shares)	406,691
Weighted average grant date fair value per unit (in USD per share) | $ / shares	$ 51.22

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Crude oil	$ 763,486	$ 858,411
Other raw materials and unfinished products	699,643	683,066
Finished products	1,260,686	1,435,817
Lower of cost or market reserve	(311,384)	(331,570)
Crude oil and refined products	2,412,431	2,645,724
Process chemicals	44,701	50,917
Repair and maintenance supplies and other	230,548	225,190
Materials, supplies and other	275,249	276,107
Total inventories	$ 2,687,680	$ 2,921,831

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Inventory [Line Items]
Inventory valuation reserves	$ 311,384		$ 311,384			$ 331,570
Refining
Inventory [Line Items]
Inventory valuation reserves	198,800		198,800		$ (26,800)	220,600
Increase (decrease) to cost of sales	198,800	$ (26,800)	(21,800)
Renewables
Inventory [Line Items]
Inventory valuation reserves	112,600		112,600			$ 111,000
Increase (decrease) to cost of sales	$ 3,500	$ (17,000)	$ 1,600	$ (4,100)

Accrued Liabilities and Other_3

Accrued Liabilities and Other Long-Term Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued interest expense	$ 56,370	$ 38,251
Accrued taxes other than income	45,916	29,172
Derivatives	4,965	17,549
Environmental liabilities	27,216	34,002
Precious metal financing	34,872	37,009
Right-of-use (“ROU”) financing lease liabilities	10,767	10,842
Wage and other employee-related liabilities	154,634	84,565
Environmental credit obligations	41,567	6,400
Other	122,411	195,255
Total accrued liabilities	$ 498,718	$ 453,045

Accrued Liabilities and Other_4

Accrued Liabilities and Other Long-Term Liabilities - Schedule of Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Environmental liabilities	$ 160,169	$ 161,375
ROU financing lease liabilities	71,343	74,860
Other	186,665	182,491
Total other long-term liabilities	$ 418,177	$ 418,726

Environmental (Details)

Environmental (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Environmental Expense and Liabilities [Abstract]
Environmental remediation costs	$ 3,200	$ 1,600	$ 5,600	$ 17,100
Accrued environmental liability	187,400		187,400		$ 195,400
Accrued environmental liability, noncurrent	$ 160,169		$ 160,169		$ 161,375

Taxes (Details)

Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ (57,266)	$ 235,015	$ 52,190	$ 480,640
Effective tax rate			11.60%	21.60%

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)		3 Months Ended		9 Months Ended
	Apr. 27, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 04, 2023
Debt Instrument [Line Items]
Outstanding borrowings		$ 350,000,000		$ 350,000,000		$ 455,500,000
Outstanding letters of credit		0		0
Fair value of financing arrangements		34,400,000		34,400,000		37,000,000
Capitalized interest		1,200,000	$ 1,100,000	2,700,000	$ 3,500,000
HEP
Debt Instrument [Line Items]
Outstanding borrowings		350,000,000		350,000,000		455,500,000
Credit Agreements | Line of Credit | Fed Funds Effective Rate
Debt Instrument [Line Items]
Variable rate spread	0.50%
Credit Agreements | Line of Credit | Adjusted Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Variable rate spread	1%
Credit Agreements | Line of Credit | Base Rate | Minimum
Debt Instrument [Line Items]
Variable rate spread	0.25%
Credit Agreements | Line of Credit | Base Rate | Maximum
Debt Instrument [Line Items]
Variable rate spread	1.125%
Credit Agreements | Line of Credit | Secured Overnight Financing Rate (SOFR) | Minimum
Debt Instrument [Line Items]
Variable rate spread	1.25%
Credit Agreements | Line of Credit | Secured Overnight Financing Rate (SOFR) | Maximum
Debt Instrument [Line Items]
Variable rate spread	2.125%
HF Sinclair Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit agreement		1,650,000,000		1,650,000,000
Outstanding borrowings		0		0		$ 0
Outstanding letters of credit		200,000		200,000
HEP Credit Agreement | HEP
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit agreement		1,200,000,000		1,200,000,000
Outstanding borrowings		350,000,000		350,000,000
Outstanding letters of credit		0		0
Maximum borrowing capacity with accordion feature		$ 1,700,000,000		1,700,000,000
Net repayments of debt				$ (105,500,000)
HEP Credit Agreement | HEP | Line of Credit
Debt Instrument [Line Items]
Effective interest rate on debt		6.58%		6.58%
HEP Credit Agreement | HEP | Letter of Credit
Debt Instrument [Line Items]
Line of credit, maximum capacity available		$ 50,000,000		$ 50,000,000
HEP 5.000% Senior Notes | HEP | Senior Notes
Debt Instrument [Line Items]
Stated interest rate		5%		5%			5%
HEP 6.375% Senior Notes | HEP | Senior Notes
Debt Instrument [Line Items]
Stated interest rate		6.375%		6.375%			6.375%
HF Sinclair 5.000% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate		5%		5%			5%
HF Sinclair 6.375% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate		6.375%		6.375%			6.375%

Debt - Carrying Amounts Of Long

Debt - Carrying Amounts Of Long-Term Debt (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Dec. 04, 2023
Debt Instrument [Line Items]
Carrying amounts of long-term debt	$ 2,300,000,000	$ 2,300,000,000
Total Credit Agreements	350,000,000	455,500,000
Less current debt	(350,000,000)	0
Unamortized discount and debt issuance costs	(13,195,000)	(16,417,000)
Total long-term debt, net	2,286,805,000	2,739,083,000
Level 2
Debt Instrument [Line Items]
HollyFrontier Corporation, HF Sinclair and HEP Senior Notes	2,310,949,000	2,271,856,000
HEP
Debt Instrument [Line Items]
Carrying amounts of long-term debt	1,246,000	1,246,000
Total Credit Agreements	350,000,000	455,500,000
HollyFrontier Corporation Senior Notes:
Debt Instrument [Line Items]
Carrying amounts of long-term debt	277,866,000	277,866,000
5.875% Senior Notes
Debt Instrument [Line Items]
Carrying amounts of long-term debt	202,900,000	202,900,000
4.500% Senior Notes
Debt Instrument [Line Items]
Carrying amounts of long-term debt	74,966,000	74,966,000
HF Sinclair Senior Notes:
Debt Instrument [Line Items]
Carrying amounts of long-term debt	2,020,888,000	2,020,888,000
5.875% Senior Notes
Debt Instrument [Line Items]
Carrying amounts of long-term debt	797,100,000	797,100,000
6.375% Senior Notes
Debt Instrument [Line Items]
Carrying amounts of long-term debt	399,875,000	399,875,000
5.000% Senior Notes
Debt Instrument [Line Items]
Carrying amounts of long-term debt	498,879,000	498,879,000
4.500% Senior Notes
Debt Instrument [Line Items]
Carrying amounts of long-term debt	325,034,000	325,034,000
HEP 6.375% Senior Notes | HEP
Debt Instrument [Line Items]
Carrying amounts of long-term debt	125,000	125,000
HEP 5.000% Senior Notes | HEP
Debt Instrument [Line Items]
Carrying amounts of long-term debt	1,121,000	1,121,000
HF Sinclair Credit Agreement
Debt Instrument [Line Items]
Total Credit Agreements	$ 0	$ 0
Senior Notes | 5.875% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.875%
Senior Notes | 4.500% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.50%
Senior Notes | 5.875% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.875%
Senior Notes | 6.375% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	6.375%		6.375%
Senior Notes | 5.000% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5%		5%
Senior Notes | 4.500% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.50%
Senior Notes | HEP 6.375% Senior Notes | HEP
Debt Instrument [Line Items]
Stated interest rate	6.375%		6.375%
Senior Notes | HEP 5.000% Senior Notes | HEP
Debt Instrument [Line Items]
Stated interest rate	5%		5%

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Location of Gain (Loss) in Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Trading Activity, Gains and Losses, Net [Line Items]
Net Unrealized Gain (Loss) Recognized in OCI	$ 456	$ 0	$ 0	$ 0
Loss Reclassified into Earnings	(518)	(3,506)	(5,110)	(3,236)
Commodity contracts
Trading Activity, Gains and Losses, Net [Line Items]
Net Unrealized Gain (Loss) Recognized in OCI	456	0	0	0
Loss Reclassified into Earnings	$ (518)	$ (3,506)	$ (5,110)	$ (3,236)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Pre-tax effect on Income Due to Maturities and Fair Value Adjustments of Economic Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Not Designated as Hedging Instruments	$ 10,975	$ (15,419)	$ 2,411	$ (9,609)
Commodity contracts | Cost of materials and other
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Not Designated as Hedging Instruments	14,978	(29,041)	(4,149)	(9,139)
Commodity contracts | Operating expenses
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Not Designated as Hedging Instruments	(1,059)	3,304	(2,937)	(7,106)
Commodity contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Not Designated as Hedging Instruments	1,201	133	(29)	5,053
Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives Not Designated as Hedging Instruments	$ (4,145)	$ 10,185	$ 9,526	$ 1,583

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Notional Contracts by Derivative Type (Details) bbl in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) MMBTU ozt bbl
NYMEX futures (WTI) - short
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in barrels)	1,400
NYMEX futures (WTI) - short | 2024
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in barrels)	1,400
NYMEX futures (WTI) - short | 2025
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in barrels)	0
Forward Contracts
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in barrels)	60
Forward Contracts | 2024
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in barrels)	60
Forward Contracts | 2025
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in barrels)	0
Foreign currency forward contracts
Economic hedges by derivative type [Line Items]
Derivative notional amount | $	$ 383,114,375
Foreign currency forward contracts | 2024
Economic hedges by derivative type [Line Items]
Derivative notional amount | $	102,186,063
Foreign currency forward contracts | 2025
Economic hedges by derivative type [Line Items]
Derivative notional amount | $	$ 280,928,312
Forward commodity contracts (platinum)
Economic hedges by derivative type [Line Items]
Derivative notional amount (in troy ounce) | ozt	34,628
Forward commodity contracts (platinum) | 2024
Economic hedges by derivative type [Line Items]
Derivative notional amount (in troy ounce) | ozt	2,047
Forward commodity contracts (platinum) | 2025
Economic hedges by derivative type [Line Items]
Derivative notional amount (in troy ounce) | ozt	32,581
Natural gas price swaps (basis spread) - long
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in MMBTUs) | MMBTU	1,104,000
Natural gas price swaps (basis spread) - long | 2024
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in MMBTUs) | MMBTU	1,104,000
Natural gas price swaps (basis spread) - long | 2025
Economic hedges by derivative type [Line Items]
Derivative nonmonetary notional amount (in MMBTUs) | MMBTU	0

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Summary Of Balance Sheet Locations And Related Fair Values Of Outstanding Derivative Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Gross Assets	$ 912	$ 3,744
Gross Liabilities Offset in Balance Sheet	0	0
Net Assets Recognized in Balance Sheet	$ 912	$ 3,744
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepayments and other	Prepayments and other
Gross Liabilities	$ 5,645	$ 17,549
Gross Assets Offset in Balance Sheet	(680)	0
Net Liabilities Recognized in Balance Sheet	$ 4,965	$ 17,549
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
NYMEX futures contracts
Derivative [Line Items]
Gross Assets	$ 840	$ 836
Gross Liabilities Offset in Balance Sheet	0	0
Net Assets Recognized in Balance Sheet	840	836
Gross Liabilities	0	0
Gross Assets Offset in Balance Sheet	0	0
Net Liabilities Recognized in Balance Sheet	0	0
Commodity price swap contracts
Derivative [Line Items]
Gross Assets	0	0
Gross Liabilities Offset in Balance Sheet	0	0
Net Assets Recognized in Balance Sheet	0	0
Gross Liabilities	674	7,808
Gross Assets Offset in Balance Sheet	0	0
Net Liabilities Recognized in Balance Sheet	674	7,808
Commodity forward contracts
Derivative [Line Items]
Gross Assets	72	2,908
Gross Liabilities Offset in Balance Sheet	0	0
Net Assets Recognized in Balance Sheet	72	2,908
Gross Liabilities	21	1,848
Gross Assets Offset in Balance Sheet	0	0
Net Liabilities Recognized in Balance Sheet	21	1,848
Foreign currency forward contracts
Derivative [Line Items]
Gross Assets	0	0
Gross Liabilities Offset in Balance Sheet	0	0
Net Assets Recognized in Balance Sheet	0	0
Gross Liabilities	4,950	7,893
Gross Assets Offset in Balance Sheet	(680)	0
Net Liabilities Recognized in Balance Sheet	$ 4,270	$ 7,893

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		9 Months Ended
	Oct. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	May 07, 2024
Class of Stock [Line Items]
Common stock withheld under stock-based compensation agreements (in shares)				60,116	18,648
Dividends declared per common share (in USD per share)		$ 0.50	$ 0.45	$ 1.50	$ 1.35
Subsequent Event
Class of Stock [Line Items]
Dividends declared per common share (in USD per share)	$ 0.50
May 2024 Share Repurchase Program
Class of Stock [Line Items]
Authorized share repurchase amount						$ 1,000
Remaining authorized share repurchase amount		$ 798.5		$ 798.5
August 2023 Share Repurchase Program
Class of Stock [Line Items]
Remaining authorized share repurchase amount						$ 214.2

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Share Repurchases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Number of shares repurchased (in shares)	2,665,000	11,274,917	11,944,177	16,068,774
Cash paid for shares repurchased	$ 126,456	$ 585,574	$ 663,684	$ 825,897
REH Company
Class of Stock [Line Items]
Number of shares repurchased (in shares)		11,274,917	7,864,761	13,244,196
Cash paid for shares repurchased		$ 585,600	$ 456,100	$ 685,600

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) - Components And Allocated Tax Effects Of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Before-Tax	$ 10,154	$ (14,431)	$ (9,564)	$ (3,573)
Tax Expense (Benefit)	2,137	(3,067)	(2,052)	(843)
Other comprehensive income (loss)	8,017	(11,364)	(7,512)	(2,730)
Net change in foreign currency translation adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Before-Tax	10,188	(13,471)	(7,659)	(693)
Tax Expense (Benefit)	2,136	(2,834)	(1,608)	(144)
Other comprehensive income (loss)	8,052	(10,637)	(6,051)	(549)
Net unrealized gain on hedging instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Before-Tax	456
Tax Expense (Benefit)	110
Other comprehensive income (loss)	346
Net change in pension and other post-retirement benefit obligations
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Before-Tax	(490)	(960)	(1,905)	(2,880)
Tax Expense (Benefit)	(109)	(233)	(444)	(699)
Other comprehensive income (loss)	$ (381)	$ (727)	$ (1,461)	$ (2,181)

Other Comprehensive Income (L_4

Other Comprehensive Income (Loss) - Other Comprehensive Income Amounts Reclassified to Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sales and other revenues:	$ 7,207,140	$ 8,905,471	$ 22,080,116	$ 24,304,259
Gain on sale of assets and other	1,936	8,954	3,691	11,737
Income tax expense (benefit)	(57,266)	235,015	52,190	480,640
Net of tax	(74,081)	825,061	396,021	1,744,551
Reclassification out of Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	(12)	(1,929)	(2,411)	(270)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Hedging instruments:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense (benefit)	(125)	(850)	(1,238)	(785)
Net of tax	(393)	(2,656)	(3,872)	(2,451)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Hedging instruments: | Commodity price swap contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sales and other revenues:	(518)	(3,506)	(5,110)	(3,236)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Other post-retirement benefit obligations: | Pension obligations
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of assets and other	(437)	45	(869)	135
Income tax expense (benefit)	(116)	11	(230)	33
Net of tax	(321)	34	(639)	102
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Other post-retirement benefit obligations: | Post-retirement healthcare obligations
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of assets and other	933	918	2,790	2,754
Income tax expense (benefit)	226	223	677	668
Net of tax	707	695	2,113	2,086
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Other post-retirement benefit obligations: | Retirement restoration plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of assets and other	(6)	(3)	(16)	(9)
Income tax expense (benefit)	(1)	(1)	(3)	(2)
Net of tax	$ (5)	$ (2)	$ (13)	$ (7)

Other Comprehensive Income (L_5

Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) In Equity (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Stockholders' equity	$ 9,670,410	$ 9,957,114	$ 10,237,298	$ 10,615,267	$ 10,490,704	$ 10,017,572
Accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Stockholders' equity	(19,296)	$ (27,313)	(11,784)	$ (24,743)	$ (13,379)	$ (22,013)
Foreign currency translation adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Stockholders' equity	(29,077)		(23,026)
Unrealized gain on defined benefit plans | Unrealized gain on pension obligations
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Stockholders' equity	1,489		619
Unrealized gain on defined benefit plans | Unrealized gain on post-retirement benefit obligations
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Stockholders' equity	$ 8,292		$ 10,623

Contingencies (Details)

Contingencies (Details)	Jun. 24, 2022 lawsuit
Growth Energy
Commitments And Contingencies [Line Items]
Number of lawsuit	2

Segment Information - Narrative

Segment Information - Narrative (Details)	9 Months Ended
	Sep. 30, 2024 segment
Segment Reporting Information [Line Items]
Number of reportable segments	5
HEP | Osage Pipeline
Segment Reporting Information [Line Items]
Equity method investment, ownership percentage	50%
HEP | Cheyenne Pipeline
Segment Reporting Information [Line Items]
Equity method investment, ownership percentage	50%
HEP | Cushing Connect
Segment Reporting Information [Line Items]
Equity method investment, ownership percentage	50%
HEP | Saddle Butte Pipeline
Segment Reporting Information [Line Items]
Equity method investment, ownership percentage	25.12%
HEP | Pioneer Pipeline
Segment Reporting Information [Line Items]
Equity method investment, ownership percentage	49.995%

Segment Information - Schedule

Segment Information - Schedule Of Segment Reporting Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Sales and other revenues:		$ 7,207,140	$ 8,905,471	$ 22,080,116	$ 24,304,259
Cost of sales:
Cost of materials and other	[1]	6,158,294	6,935,650	18,835,319	19,313,312
Lower of cost or market inventory valuation adjustments		202,307	(43,848)	(20,186)	(4,114)
Operating expenses		629,573	622,532	1,828,002	1,808,715
Total cost of sales	[2]	6,990,174	7,514,334	20,643,135	21,117,913
Selling, general and administrative expenses	[2]	118,014	124,213	326,246	347,514
Depreciation and amortization		209,716	195,562	613,765	558,905
Asset impairments		9,984	0	9,984	0
Income (loss) from operations		(120,748)	1,071,362	486,986	2,279,927
Earnings of equity method investments		8,151	3,009	23,612	10,436
Capital expenditures		123,604	81,187	296,921	261,437
Corporate, Other and Eliminations
Segment Reporting Information [Line Items]
Sales and other revenues:		(1,239,714)	(1,575,146)	(3,477,380)	(4,186,322)
Intersegment Eliminations
Segment Reporting Information [Line Items]
Sales and other revenues:		(1,239,714)	(1,575,146)	(3,477,380)	(4,186,322)
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Sales and other revenues:		0	0	0	0
Cost of sales:
Cost of materials and other		(1,238,486)	(1,574,265)	(3,473,718)	(4,183,647)
Lower of cost or market inventory valuation adjustments		0	0	0	0
Operating expenses		277	(1,967)	1,305	230
Total cost of sales		(1,238,209)	(1,576,232)	(3,472,413)	(4,183,417)
Selling, general and administrative expenses		9,973	16,803	21,230	36,322
Depreciation and amortization		18,886	9,939	50,325	28,500
Asset impairments		0		0
Income (loss) from operations		(30,364)	(25,656)	(76,522)	(67,727)
Earnings of equity method investments		798	(572)	1,713	(572)
Capital expenditures		12,231	13,544	36,684	30,350
Refining
Segment Reporting Information [Line Items]
Sales and other revenues:		5,386,710	6,717,926	16,729,833	18,284,853
Cost of sales:
Asset impairments		0
Refining | Operating Segments
Segment Reporting Information [Line Items]
Sales and other revenues:		6,381,711	8,050,934	19,563,765	21,808,931
Cost of sales:
Cost of materials and other		5,731,823	6,518,402	17,497,374	18,002,106
Lower of cost or market inventory valuation adjustments		198,759	(26,842)	(21,799)	0
Operating expenses		485,231	478,847	1,406,414	1,391,930
Total cost of sales		6,415,813	6,970,407	18,881,989	19,394,036
Selling, general and administrative expenses		54,632	50,345	154,089	142,461
Depreciation and amortization		123,348	118,077	362,933	330,702
Asset impairments				0
Income (loss) from operations		(212,082)	912,105	164,754	1,941,732
Earnings of equity method investments		0	0	0	0
Capital expenditures		70,655	44,866	161,374	157,827
Refining | Intersegment Eliminations
Segment Reporting Information [Line Items]
Sales and other revenues:		(995,001)	(1,333,008)	(2,833,932)	(3,524,078)
Renewables
Segment Reporting Information [Line Items]
Sales and other revenues:		160,038	213,144	519,935	590,620
Renewables | Operating Segments
Segment Reporting Information [Line Items]
Sales and other revenues:		265,358	331,177	753,195	902,378
Cost of sales:
Cost of materials and other		237,321	294,682	687,650	816,226
Lower of cost or market inventory valuation adjustments		3,548	(17,006)	1,613	(4,114)
Operating expenses		24,959	30,198	76,125	85,942
Total cost of sales		265,828	307,874	765,388	898,054
Selling, general and administrative expenses		1,281	1,336	4,067	3,587
Depreciation and amortization		21,409	18,904	61,467	57,846
Asset impairments		0		0
Income (loss) from operations		(23,160)	3,063	(77,727)	(57,109)
Earnings of equity method investments		0	0	0	0
Capital expenditures		1,268	2,812	7,188	11,193
Renewables | Intersegment Eliminations
Segment Reporting Information [Line Items]
Sales and other revenues:		(105,320)	(118,033)	(233,260)	(311,758)
Marketing
Segment Reporting Information [Line Items]
Sales and other revenues:		950,050	1,259,205	2,668,219	3,237,523
Marketing | Operating Segments
Segment Reporting Information [Line Items]
Sales and other revenues:		950,050	1,259,205	2,668,219	3,237,523
Cost of sales:
Cost of materials and other		918,432	1,230,372	2,590,573	3,162,727
Lower of cost or market inventory valuation adjustments		0	0	0	0
Operating expenses		0	0	0	0
Total cost of sales		918,432	1,230,372	2,590,573	3,162,727
Selling, general and administrative expenses		9,476	7,731	24,577	22,821
Depreciation and amortization		6,588	6,002	19,265	17,889
Asset impairments		0		0
Income (loss) from operations		15,554	15,100	33,804	34,086
Earnings of equity method investments		0	0	0	0
Capital expenditures		12,874	4,223	33,365	15,678
Marketing | Intersegment Eliminations
Segment Reporting Information [Line Items]
Sales and other revenues:		0	0	0	0
Lubricants & Specialties
Segment Reporting Information [Line Items]
Sales and other revenues:		682,589	686,123	2,084,183	2,105,941
Lubricants & Specialties | Operating Segments
Segment Reporting Information [Line Items]
Sales and other revenues:		685,867	686,688	2,095,253	2,116,831
Cost of sales:
Cost of materials and other		509,204	466,459	1,533,440	1,515,900
Lower of cost or market inventory valuation adjustments		0	0	0	0
Operating expenses		60,404	64,965	188,849	192,592
Total cost of sales		569,608	531,424	1,722,289	1,708,492
Selling, general and administrative expenses		38,832	40,051	111,609	124,229
Depreciation and amortization		21,661	22,366	66,888	62,113
Asset impairments		0		0
Income (loss) from operations		55,766	92,847	194,467	221,997
Earnings of equity method investments		0	0	0	0
Capital expenditures		10,580	10,070	23,064	24,453
Lubricants & Specialties | Intersegment Eliminations
Segment Reporting Information [Line Items]
Sales and other revenues:		(3,278)	(565)	(11,070)	(10,890)
Midstream
Segment Reporting Information [Line Items]
Sales and other revenues:		27,753	29,073	77,946	85,322
Midstream | Operating Segments
Segment Reporting Information [Line Items]
Sales and other revenues:		163,868	152,613	477,064	424,918
Cost of sales:
Cost of materials and other		0	0	0	0
Lower of cost or market inventory valuation adjustments		0	0	0	0
Operating expenses		58,702	50,489	155,309	138,021
Total cost of sales		58,702	50,489	155,309	138,021
Selling, general and administrative expenses		3,820	7,947	10,674	18,094
Depreciation and amortization		17,824	20,274	52,887	61,855
Asset impairments		9,984		9,984
Income (loss) from operations		73,538	73,903	248,210	206,948
Earnings of equity method investments		7,353	3,581	21,899	11,008
Capital expenditures		15,996	5,672	35,246	21,936
Midstream | Intersegment Eliminations
Segment Reporting Information [Line Items]
Sales and other revenues:		$ (136,115)	$ (123,540)	$ (399,118)	$ (339,596)
[1] Exclusive of Lower of cost or market inventory valuation adjustments. Exclusive of Depreciation and amortization .