HF Sinclair Corp

HF Sinclair Corporation announced an increase in its Board size from ten to eleven members. The company appointed Steve Ledbetter as a non-independent director, effective November 10, 2026. Mr. Ledbetter will also serve on the Executive Committee of the Board. His biographical information was previously disclosed in a July 8, 2026 filing, and there are no undisclosed arrangements or family relationships relevant to his appointment.

HF Sinclair Corporation announced a significant leadership transition with the appointment of Steve Ledbetter as Chief Executive Officer and President, effective January 1, 2027. Ledbetter will succeed Franklin Myers, who will transition to Executive Chairperson to focus on the planned separation of the Lubricants & Specialties segment. The company also reported strong third quarter 2026 financial results, with Net income of $2,015 million ($11.38 per diluted share) and Adjusted EBITDA of $2,984 million. A regular quarterly dividend of $0.525 per share was declared.

HF Sinclair Corporation entered into a Stock Purchase Agreement to repurchase 2,375,000 shares of its common stock from REH Advisors Inc. for approximately $212 million, funded by cash on hand. The company's Board of Directors also increased the existing share repurchase program by $15 million. To date, HF Sinclair has repurchased over $1 billion in common stock under the program, with approximately $11 million authorization remaining.

HF Sinclair reported a significant increase in net income and EPS for Q2 2026, with net income attributable to stockholders rising to $892 million and basic EPS to $4.93. Sales and other revenues also saw a substantial increase to $10.39 billion. The company acquired Industrial Oils Unlimited for $40 million in January 2026 and announced the retirement of its Mississauga, Ontario base oil refining assets by the second half of 2027.

HF Sinclair Corporation announced that Eric Nitcher, Executive Vice President and General Counsel, will retire from his executive officer role effective July 31, 2026. Mr. Nitcher will continue as an employee through the end of 2026 to ensure an orderly transition and provide advisory support. His successor is expected to be named at a later date, and his retirement was not due to any disagreement with the company.

HF Sinclair Corporation announced a strategic transformation, including plans to separate its Lubricants & Specialties segment into a new independent, publicly traded company through capital markets, expected over the next 12-18 months. As part of this, the company will retire its base oil refining assets in Mississauga, Ontario, by 2027. Concurrently, HF Sinclair reported strong second-quarter 2026 financial results, with net income attributable to stockholders of $892 million and adjusted net income of $960 million, or $5.31 per diluted share. The company also increased its regular quarterly dividend by 5% to $0.525 per share.

HF Sinclair Corporation announced key leadership appointments, effective July 6, 2026. Steven Ledbetter, previously Executive Vice President, Commercial, was appointed President and Chief Operating Officer. Valerie Pompa, formerly Executive Vice President, Operations, was named President, Growth, Technology and Transformation. Franklin Myers will continue to serve as Chief Executive Officer. Both Mr. Ledbetter and Ms. Pompa received increases in their base salaries and annual incentive cash compensation targets in connection with their new roles.

HF Sinclair Corporation entered into a Stock Purchase Agreement to repurchase 1,455,180 shares of its common stock from REH Advisors Inc. for an aggregate price of $100 million, at $68.72 per share. This transaction, funded with cash on hand, is the twenty-first privately negotiated repurchase with REH and is part of the company's $1 billion share repurchase program. To date, HF Sinclair has repurchased $717 million under this program, including the current transaction. The shares will be held as treasury stock.

HF Sinclair Corporation announced the termination of Mr. Atanas Atanasov as Executive Vice President and Chief Financial Officer, effective immediately on May 13, 2026. Mr. Atanasov will be eligible for severance benefits if he meets the conditions of the Company's Severance Pay Plan. He had been on leave from his duties since February 24, 2026, during which time Mr. Vivek Garg has been serving as acting Chief Financial Officer.

HF Sinclair Corporation announced that Timothy Go, its Chief Executive Officer and President, and a member of the Board, officially departed on May 11, 2026, following a mutually agreeable Separation and Release Agreement. Mr. Go's departure and resignation from the Board were not due to any disagreements with the company. The agreement includes a $4,735,000 separation payment, continued health benefits, and partial vesting of his equity awards, specifically 29,616 RSUs and 163,609 conditional PSUs. Separately, the company noted that CFO Atanas Atanasov remains on leave, and discussions for his separation agreement are ongoing without a resolution yet.