HF Sinclair CFO Atanas Atanasov takes voluntary leave of absence amid disclosure review | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]HF Sinclair Corp logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo [Purchase Licensing Rights, opens new tab]- Companies[HF Sinclair Corp]FollowFeb 27 (Reuters) - HF Sinclair's [(DINO.N), opens new tab] Chief Financial Officer, Atanas Atan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-K _________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ ...

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of HF Sinclair Corporation - DINO [Accessibility Statement] Skip NavigationNEW YORK, Feb. 26, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of HF Sinclair Corporation ("HF Sinclair" or the "Company") (NYSE: DINO). Such investors are advised to contact Danielle Peyton at [[email protected]] or 646-581-9980, ext. 7980.The investigation concerns whether HF Sinclair and certain of its officers and/o ...

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against HF Sinclair Corporation regarding possible violations of federal securities laws and unlawful business practices affecting stockholders [1][2]. Investigation Details - The investigation focuses on whether HF Sinclair has engaged in unlawful business practices that may have harmed investors [1][2]. - The law firm is encouraging investors who have suffered losses to reach out for more information regarding their legal rights [1][3]. Recent Developments - On February 18, 2026, HF Sinclair announced that its Chief Executive Officer would take a voluntary leave of absence, which has raised concerns about the company's disclosure processes as assessed by the Audit Committee [1][6]. - Following this announcement, HF Sinclair's stock price experienced a significant decline, falling as much as 14.4% during intraday trading on the same day, indicating potential investor injury [1][6].

Core Viewpoint - HF Sinclair Corporation is currently under investigation for potential securities law violations, which has led to a significant drop in stock price and increased investor uncertainty [1][5]. Group 1: Company Overview - HF Sinclair Corporation (NYSE:DINO) specializes in refining and marketing petroleum products [1]. - The company's market capitalization is approximately $9.46 billion [4]. Group 2: Stock Performance - DINO's stock price has dropped by 10% following the announcement of CEO Tim Go's voluntary leave of absence [1][5]. - BMO Capital has set a price target of $60 for DINO, indicating a potential 18% increase from its current price of $50.86 [2][5]. - The stock has experienced slight fluctuations, trading between $50.25 and $51.74, with a 52-week range of $24.66 to $59.33 [2]. Group 3: Investigation and Financial Review - Block & Leviton is investigating DINO for potential securities law violations, which could impact investor confidence [1][3]. - The company's Audit Committee is reviewing its disclosure processes, and recent financial results for the fourth quarter and full year 2025 were released on an unaudited basis [3][5]. - The outcome of the investigation and audit review will be crucial for the company's future performance and stock valuation [4].

Core Viewpoint - HF Sinclair Corporation is under investigation for potential violations of federal securities laws, which may impact investors who have incurred losses [1] Investigation Details - The investigation is being conducted by the Law Offices of Frank R. Cruz on behalf of investors [1] - The announcement regarding the investigation was made on February 18, 2026 [1]

Core Viewpoint - An investigation has been announced regarding HF Sinclair Corporation for potential violations of federal securities laws, indicating possible legal issues that may affect investors [1]. Group 1 - The Law Offices of Howard G. Smith are representing investors of HF Sinclair Corporation [1]. - The investigation is focused on the company's compliance with federal securities laws [1]. - Investors who have suffered losses in HF Sinclair Corporation are encouraged to contact the law firm for potential claims [1].

Core Viewpoint - HF Sinclair's shares have performed well over the past year, increasing by 30%, but recent Q4 results have led to a decline of over 10% in stock price due to management uncertainty [1] Group 1: Company Performance - HF Sinclair's stock gained 30% over the past year [1] - Following the announcement of Q4 results, the stock dropped more than 10% [1] Group 2: Management and Investor Sentiment - Management uncertainty has become a focal point for investors after the recent earnings report [1]

Core Viewpoint - HF Sinclair Corporation is under investigation for potential securities law violations following a significant drop in its stock price after the announcement of its CEO's voluntary leave of absence and ongoing audit review [2][4]. Group 1: Company Announcement - HF Sinclair's shares fell over 10% in pre-market trading on February 18, 2026, after the announcement that President and CEO Tim Go is taking a voluntary leave of absence [2]. - The company reported that its Audit Committee is reviewing certain matters related to its disclosure processes, leading to the release of fourth quarter and full year 2025 financial results on an unaudited basis [2]. - HF Sinclair expects to file its Annual Report on Form 10-K following the completion of the audit review [2]. Group 2: Investigation and Legal Action - Block & Leviton is investigating whether HF Sinclair committed securities law violations and may file an action to recover losses for investors [4]. - Investors who have lost money on their HF Sinclair investment are encouraged to contact Block & Leviton for potential recovery options [3][5]. - The firm is recognized as a leading securities class action firm, having recovered billions for defrauded investors [7].

Financial Data and Key Metrics Changes - The company reported a fourth quarter net loss attributable to shareholders of $28 million, or negative $0.16 per diluted share, reflecting special items that decreased net income by $249 million [18] - Adjusted net income for the fourth quarter was $221 million, or $1.20 per diluted share, compared to an adjusted net loss of $191 million, or negative $1.02 per diluted share for the same period in 2024 [18] - Adjusted EBITDA for the fourth quarter was $564 million, compared to $28 million in the fourth quarter of 2024 [18] Business Line Data and Key Metrics Changes - In the refining segment, fourth quarter adjusted EBITDA was $403 million, compared to negative $169 million in the fourth quarter of 2024, driven by higher adjusted refinery gross margins [19] - The marketing segment reported EBITDA of $22 million in the fourth quarter, compared to $21 million in the fourth quarter of 2024, primarily driven by higher margins [20] - The lubricants and specialty segment reported adjusted EBITDA of $43 million for the fourth quarter, down from $70 million in the fourth quarter of 2024, due to lower finished and specialty product sales volumes and higher operating costs [21] Market Data and Key Metrics Changes - The company experienced seasonal weakness in its refining business, with fuel margins strongest in the first half of the quarter but weakening significantly towards the end [9] - Crude oil charge averaged 556,000 barrels per day for the fourth quarter, compared to 562,000 barrels per day for the fourth quarter of 2024 [20] Company Strategy and Development Direction - The company is focused on three key priorities: reliability, integration, and shareholder return, with significant progress reported in these areas for 2025 [10] - A new joint venture, Green Trail Fuels, LLC, was formed to enhance the company's branded marketing footprint in the Rockies and Southwest, indicating a strategic step forward for the marketing segment [13] - The company plans to grow its branded sites by approximately 10% annually, demonstrating commitment to expanding its marketing reach [12] Management's Comments on Operating Environment and Future Outlook - Management expressed bullishness on refining margins for 2026, focusing on safe and reliable operations and continued growth in midstream lubricants and marketing segments [17] - The company anticipates a final investment decision for phase one of its midstream refined products pipeline network expansion by mid-year [16] - Management emphasized that the audit committee is comfortable with the financial disclosures made, despite ongoing reviews related to disclosure processes [72] Other Important Information - The company returned $230 million to shareholders through dividends and share repurchases in the fourth quarter, reflecting a commitment to returning excess cash [10] - Total liquidity stood at approximately $3 billion as of December 31, 2025, including a cash balance of $978 million [23] Q&A Session Summary Question: Can you provide color on the management change and the audit? - Management stated they cannot comment further on the circumstances but view the situation as a buying opportunity [26] Question: What is the outlook for small refinery exemptions (SREs)? - Management indicated they intend to continue participating in the SRE program and appreciated the EPA's formulaic approach [27] Question: Can you clarify the impact of SREs on margins? - Management explained that the crack environment was strong initially but weakened later in the quarter, impacting margins [31] Question: What are the expected benefits of the Green Trail Fuels JV? - Management expressed excitement about the JV, indicating it will accelerate growth and capture synergies across integrated assets [33] Question: How is the lubricants segment expected to perform moving forward? - Management noted that seasonality and higher operational expenditures impacted the fourth quarter, but steady demand is expected [60]