XML 26 R14.htm IDEA: XBRL DOCUMENT v3.25.3
Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2025
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 weighted 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 (loss) attributable to HF Sinclair stockholders:

 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
 
(In millions, except share and per share data)
Net income (loss) attributable to HF Sinclair stockholders
$403 $(76)$607 $391 
Less: participating securities’ share in earnings (1)
3 1 5 2 
Net income (loss) attributable to common shares
$400 $(77)$602 $389 
Average number of common shares outstanding (in thousands):
Basic
186,499 189,840 187,688 193,341 
Diluted
186,499 189,840 187,688 193,341 
Basic earnings (loss) per share
$2.15 $(0.40)$3.21 $2.01 
Diluted earnings (loss) per share
$2.15 $(0.40)$3.21 $2.01 
(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.