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HF Sinclair Corporation
2/18/2026
Welcome to H.F. Sinclair Corporation's fourth quarter 2025 conference call and webcast. Hosting the call today is Franklin Myers, who is acting as temporary chief executive officer of H.F. Sinclair. He is joined by Atanas Atanasov, chief financial officer, Steve Ledbetter, EVP of commercial, Valerie Pompa, EVP of operations, and Matt Joyce, SVP of lubricants and specialties. At this time, all participants have been placed in a listen-only mode, and the floor will be open for your questions following the presentation. If you would like to ask a question at that time, please press star 1 on your touchtone phone. If at any point your question has been answered, you may remove yourself from the queue by pressing star 1 again. If you should require operator assistance, please press star 0. We ask that you please limit yourself to one question and one follow-up. Additionally, we ask that you pick up your handset to allow optimal sound quality. Please note that this conference is being recorded. It is now my pleasure to turn the floor over to Craig Berry, Vice President, Investor Relations. Craig, you may begin.
Thank you, Julianne. Good morning, everyone, and welcome to HS and Clear Corporation's fourth quarter 2025 earnings call. This morning, we issued a press release announcing results for the quarter ending December 31st, 2025. If you would like a copy of the earnings press release, you may find one on our website at hfsinclair.com. Before we proceed with remarks, please note the safe harbor disclosure statement in today's press release. In summary, it says statements made regarding management expectations, judgments, or predictions are forward-looking statements. These statements are intended to be covered under the safe harbor provisions of federal security laws. There are many factors that could cause results to differ from expectations, including those noted in our SEC filings. The call also may include discussion of non-GAAP measures. Please see the earnings press release for reconciliations to GAAP financial measures. For any forward-looking non-GAAP measures, the company is unable to provide a reconciliation without unreasonable effort due to the unpredictability and uncertainty of certain items. Also, please note any time-sensitive information provided on today's call may no longer be accurate at the time of any webcast replay or rereading of the transcript. I will now turn the call over to Franklin.
Thank you, Craig, and thank you for being part of the fourth quarter earnings call. As you've seen in the release this morning, Mr. Tim Goh, the company's chief executive officer and president and a member of the board, has requested a voluntary leave of absence from his duties. The board has accepted Tim's request and elected me chief executive officer and president of the company on a temporary basis. Also, the company released this morning and announced that the audit committee of the board is assessing certain matters relating to the company's disclosure processes. We are working to complete this review as soon as possible. I want to emphasize that our review relates to our disclosure processes and not to the numbers we released this morning. We are comfortable with the financial statements and disclosures we released and have no expectation that they will change. At this point, our audit is not yet complete pending completion of this review. Once we have worked through these issues, we will move forward to filing our 10-K. At present, we fully expect to make a timely filing of the 10-K. Given these preliminary remarks, I'll turn it over to Steve and Atna for their remarks on the results. After the presentation, we'll be happy to take questions. I want to note, though, and emphasize that this is an earnings call on our results for Q4 in the full year of 25. We will not be in a position to address any questions relating to the Disclosure Process Review or on the company's leadership. Let me turn it over to Steve.
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