HF Sinclair Corporation (NYSE:DINO) Q4 2022 Results Conference Call February 24, 2023 8:30 AM ET

Company Participants

Craig Biery - VP, IR

Mike Jennings - CEO

Atanas Atanasov - CFO

Tim Go - President, COO

John Harrison - VP, Finance, Strategy & Treasurer

Conference Call Participants

Doug Leggate - Bank of America

John Royall - JP Morgan

Matthew Blair - TPH

Neil Mehta - Goldman Sachs

Paul Cheng - Scotiabank

Ryan Todd - Piper Sandler

Theresa Chen - Barclays

Doug Irwin - Citi

Operator

Welcome to HF Sinclair Corporation and Holly Energy Partners Fourth Quarter 2022 Conference Call and Webcast.

Hosting the call today is Mike Jennings, Chief Executive Officer of HF Sinclair and Holly Energy Partners. He is joined by Tim Go, President and Chief Operating Officer of HF Sinclair; Atanas Atanasov, Chief Financial Officer of HF Sinclair; and John Harrison, Chief Financial Officer of Holly Energy Partners. [Operator Instructions]. Please note that this conference is being recorded.

It is now my pleasure to turn the floor over to Craig Biery, Vice President of Investor Relations. Craig, you may begin.

Craig Biery

Thank you, Rob. Good morning, everyone, and welcome to HF Sinclair Corporation and Holly Energy Partners fourth quarter 2022 earnings call. This morning, we issued a press release announcing results for the quarter ending December 31, 2022. If you would like a copy of the press release, you may find them on our website at hfsinclair.com and hollyenergy.com.

Before we proceed with remarks, please note the safe harbor disclosure statement in today's press releases. 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 securities 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 releases for reconciliations to GAAP financial measures. 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.

And with that, I'll turn the call over to Mike Jennings.

Mike Jennings

Thanks, Craig. Good morning, everyone. Today, we reported fourth quarter net income attributable to HF Sinclair shareholders of $587 million or $2.92 per diluted share. These results reflect special items that collectively decreased net income by $11 million.