CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,451	$ 800
Accounts receivable, net: Product and transportation	1,220	1,074
Crude oil resales	111	177
Total Accounts receivable, net	1,331	1,251
Inventories: Crude oil and refined products (Note 8)	2,488	2,495
Materials, supplies and other	295	303
Total inventories	2,783	2,798
Income taxes receivable	17	70
Prepayments and other	62	95
Total current assets	5,644	5,014
Properties, plants and equipment, at cost	11,253	10,931
Less: accumulated depreciation	(4,741)	(4,373)
Total properties, plants and equipment	6,512	6,558
Operating lease right-of-use assets	361	355
Other assets: Turnaround costs	840	777
Goodwill	2,978	2,977
Intangibles and other	929	962
Total other assets	4,747	4,716
Total assets	17,264	16,643
Current liabilities:
Accounts payable	2,210	2,236
Income taxes payable	12	3
Operating lease liabilities	86	77
Current debt (Note 11)	0	350
Accrued liabilities (Note 9)	642	377
Total current liabilities	2,950	3,043
Long-term debt, net (Note 11)	2,768	2,288
Noncurrent operating lease liabilities	301	301
Deferred income taxes	1,285	1,224
Other long-term liabilities (Note 9)	465	441
Total liabilities	7,769	7,297
Commitments and Contingencies (Note 15)
HF Sinclair stockholders’ equity:
Preferred stock, $1.00 par value – 5,000,000 shares authorized; none issued	0	0
Common stock, $0.01 par value – 320,000,000 shares authorized; 223,231,546 shares issued as of September 30, 2025 and December 31, 2024, respectively	2	2
Additional capital	6,018	5,998
Retained earnings	5,493	5,170
Accumulated other comprehensive loss (Note 14)	(27)	(47)
Common stock held in treasury, at cost – 39,284,989 and 34,826,009 shares as of September 30, 2025 and December 31, 2024, respectively	(2,056)	(1,845)
Total HF Sinclair stockholders’ equity	9,430	9,278
Noncontrolling interest	65	68
Total equity	9,495	9,346
Total liabilities and equity	$ 17,264	$ 16,643