HF Sinclair Corporation

Welcome to HF Sinclair's Corporation's first quarter 2026 conference call and webcast. Hosting the call today is Franklin Myers, who is serving as Chief Executive Officer of HF Sinclair. He is joined by Vivek Gar, Acting Chief Financial Officer, Steve Ledbetter, EVP of Commercial, Valerie Pompa, EVP of Operations, and Matt Joyce, SVP of Lubricants and Specialities. 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 one on your touchtone phone. If at any point your question has been answered, you may remove yourself from the queue by pressing the pound key. If you should require an operator assistance, please press star zero. 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 for optimum sound quality. Please note that this conference is being recorded. It is now my pleasure to turn the floor over to Craig Beery, Vice President, Investor Relations. Craig, you may begin.

Thank you, Matt. Good morning, everyone, and welcome to HF Sinclair Corporation's first quarter 2026 earnings call. This morning, we issued a press release announcing results for the quarter ending March 31st, 2026. If you would like a copy of the earnings press release, you may find it 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 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 re-reading of the transcript and with that i'll turn the call over to franklin okay thank you craig let me add my welcome to all those on this call to the hs sinclair first quarter earnings in 2026. first

Let me express my gratitude to the over 55,000 employees of the company for making the first quarter a good one. As most of you know, first quarters for HS and Claire can sometimes be challenging due to weather, due to softness and economic conditions in our markets. And typically we have turnaround activities at some of our assets. This quarter, our operations ran safely in compliance and reliably, which you'll hear more about in a minute. This reflects the continuing improvement in our operation and is a testament to the focus on excellence by our employees. So thank you, employees of HS Sinclair. During the first quarter, our CEO and CFO both took leaves of absence, as previously described in our annual report on Form 10-K. The board has the task of addressing the future leadership of the company, and will do so with diligence and care. In the meantime, I will continue to serve as CEO and president until decisions in that regard are made. In deference to the ongoing board process, we will not address it those events and that process today. The current executive leadership team and the other employees of the companies are committed to continuing the successful performance of the company and it is performing at a very high level. Please keep in mind that much of the strategy of the company began in 2021 and 22 with the acquisition of our Puget Sound refinery and the merger with Sinclair. My presence as CEO is to help maintain the focus and commitment to the strategy as set by the board. I'll remind you that I've been chairman through that entire time since 1919, and this is an ongoing process that we're pursuing with diligence. Our employees continue to work daily with a desire to operate at a high level to improve our company for the benefit of all constituencies. But before moving on to the reports of the others, we have to acknowledge the military conflict in the Middle East. Our thoughts and prayers go out to members of our armed forces involved as those innocent individuals caught up in harm's way. We continue to hope for peaceful resolution. The conflict though has created substantial and material disruption to the crude oil and other necessary for crude oil and other necessary products for the advancement of markets around the world. This disruption creates volatility in the markets we serve. The company remains focused on addressing any challenges we have to serve our customers. And in that regard, we remain very nimble as we see events occur because we see volatility in the markets that we've got to address on a constant basis, and it's one that's not without challenge within our industry or our company. But I believe our team is up to the challenge, and I think that we will see and continue to see as others have stress in the world as a result of this, and we've got to just address it and make sure we do our part to try to resolve that stress. With that, I'll turn it over to Steve to take us through some of the commercial issues.