HF Sinclair Corp Earnings Per Share Disclosure
| Years Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
(In millions, except share and per share data) | ||||||||||||||||||||
| Net income attributable to HF Sinclair stockholders | $ | 579 | $ | 177 | $ | 1,590 | ||||||||||||||
Less: participating securities’ share in earnings (1) | (5) | (2) | (14) | |||||||||||||||||
| Net income attributable to common shares | $ | 574 | $ | 175 | $ | 1,576 | ||||||||||||||
| Average number of common shares outstanding (in thousands): | ||||||||||||||||||||
| Basic | 186,465 | 192,073 | 190,035 | |||||||||||||||||
| Diluted | 186,465 | 192,073 | 190,035 | |||||||||||||||||
| Basic earnings per share | $ | 3.08 | $ | 0.91 | $ | 8.29 | ||||||||||||||
| Diluted earnings per share | $ | 3.08 | $ | 0.91 | $ | 8.29 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 28, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.